Form 4: PennyMac Financial Services CEO David Spector Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David Spector, CEO of PennyMac Financial Services, reports a transaction involving the withholding of shares for taxes upon vesting of restricted stock units.
Summary
- On February 23, 2024, David Spector, Chairman & CEO of PennyMac Financial Services, Inc. [PFSI], had 6,652 shares of common stock withheld for taxes upon the vesting of restricted stock units at a price of $86.77.
- Following the transaction, Spector directly owns 643,531 shares of common stock, including 36,391 restricted stock units and 607,140 shares of common stock.
- Spector also indirectly owns 270,604 shares through ST Family Investment Company LLC.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes and doesn't represent a significant change in Spector's overall ownership.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of transaction: shares withheld for taxes upon vesting of restricted stock units. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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