Form 4: PennyMac Director Joseph F. Mazzella Sells Shares
SEC Form 4 Filing
Director Joseph F. Mazzella of PennyMac Financial Services, Inc. reports selling 11,396 shares of common stock at an average price of $97.921 on August 14, 2024.
Summary
- On August 14, 2024, Joseph F. Mazzella, a director of PennyMac Financial Services, Inc., sold 11,396 shares of common stock.
- The sale was executed at a weighted average price of $97.921 per share.
- Following the transaction, Mazzella directly owns 105,446 shares of common stock, including 1,854 restricted stock units and 103,592 shares of common stock.
- Mazzella also indirectly owns 165,031 shares through the Mazzella Family Irrevocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of a director's stock sale and doesn't necessarily indicate a broader trend within the mortgage industry or PennyMac's specific performance.
Stakeholder Impact
- The stock sale by a director could have a minor impact on shareholder confidence, but is unlikely to be significant given the volume.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of stock sale transaction |
| 08/15/2024 | Date of signature for the Form 4 filing |
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