Form 4: PennyMac CFO Daniel Perotti Sells Shares Under 10b5-1 Trading Plan

Daniel Perotti, CFO of PennyMac Financial Services, sold shares of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Daniel Perotti, the Chief Financial Officer of PennyMac Financial Services, Inc., sold shares of the company's common stock on May 15, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 27, 2024.
• A total of 10,500 shares were sold in two separate transactions.
• 9,534 shares were sold at a weighted average price of $99.4031, with prices ranging from $98.857 to $99.836.
• 966 shares were sold at a weighted average price of $99.9159, with prices ranging from $99.863 to $99.950.
• Following the transactions, Mr. Perotti directly owns 9,964 shares and indirectly owns 234,025 shares through The Perotti Family Trust.
• The indirect holdings include 9,964 restricted stock units and 234,025 shares of Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock sales under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Insider sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-planned. However, investors often monitor insider transactions for signals about management's confidence in the company's future prospects.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although sales under 10b5-1 plans are generally viewed as less significant.

Key Dates

Keywords

PennyMac Financial Services, Daniel Perotti, PFSI, Form 4, insider trading, Rule 10b5-1, stock sale, CFO, securities