Form 4: PennyMac Financial Services CEO David Spector Transfers Shares in Divorce Settlement

David Spector, Chairman & CEO of PennyMac Financial Services, reports a transfer of 1,530 shares of Common Stock to his former spouse as part of a divorce settlement.

Summary

• David Spector, the Chairman & CEO of PennyMac Financial Services, filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• On March 17, 2025, Mr. Spector transferred 1,530 shares of Common Stock to his former spouse as part of a prior divorce settlement.
• The transfer was for no consideration, meaning no payment was received.
• Following the transaction, Mr. Spector directly owns 627,859 shares of Common Stock, which includes 36,299 restricted stock units and 591,560 shares of Common Stock.
• He also indirectly owns 155,604 shares through ST Family Investment Company LLC.

Sentiment

Score: 5

Explanation: The document is neutral, reporting a standard transaction related to a personal matter. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing specifically relates to a personal matter (divorce settlement) impacting share ownership.

Stakeholder Impact

• The share transfer has a minimal impact on shareholders as it involves a small percentage of the CEO's holdings.

Key Dates

Keywords

Form 4, PennyMac Financial Services, David Spector, Beneficial Ownership, Share Transfer, Divorce Settlement, PFSI, Common Stock