Form 4: PennyMac Executive Steven Richard Bailey Reports Changes in Beneficial Ownership

Steven Richard Bailey, Chief Servicing Officer of PennyMac Financial Services, reported changes in beneficial ownership of company stock due to shares withheld for taxes upon vesting of restricted share units.

Summary

• On February 27, 2024, Steven Richard Bailey, the Chief Servicing Officer of PennyMac Financial Services, reported changes in his beneficial ownership of the company's common stock.
• These changes resulted from shares being withheld for taxes upon the vesting of restricted stock units.
• Specifically, 297 shares were withheld at a price of $87.06, resulting in a new total of 7,730 shares.
• An additional 331 shares were withheld at the same price, resulting in a final total of 7,399 shares.
• The reported amount consists of 4,402 restricted stock units and 2,997 shares of Common Stock.
• The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates