Form 4: PennyMac Financial Services CEO David Spector Reports Changes in Beneficial Ownership
SEC Form 4
David Spector, Chairman & CEO of PennyMac Financial Services, reports transactions involving common stock and restricted stock units.
Summary
- David Spector, the Chairman & CEO of PennyMac Financial Services, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 27, 2024, shares were withheld for taxes upon the vesting of restricted stock units.
- 2,984 shares were disposed of at a price of $87.06.
- 1,985 shares were disposed of at a price of $87.06.
- Following these transactions, Mr. Spector directly owns 640,547 shares, including 30,218 restricted stock units, and 638,562 shares, including 26,111 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transactions involving common stock. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.