Form 4: PennyMac Financial Services CEO David Spector Reports Stock Transaction
SEC Form 4 Filing
David Spector, Chairman & CEO of PennyMac Financial Services, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- David Spector, the Chairman & CEO of PennyMac Financial Services, filed a Form 4 on March 4, 2025, reporting a transaction that occurred on February 28, 2025.
- The transaction involved the disposition of 3,097 shares of Common Stock at a price of $102.09 per share to cover tax obligations upon the vesting of restricted stock units.
- Following the transaction, Spector directly owns 629,389 shares, including 36,299 restricted stock units and 593,090 shares of Common Stock.
- Spector also indirectly owns 160,604 shares through ST Family Investment Company LLC.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. The transaction itself (tax withholding) is a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding event related to the vesting of restricted stock units, which is a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transaction (disposition of shares). |
| 03/04/2025 | Date of Form 4 filing. |
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