Form 4: PennyMac Financial Services Executive Hendry Gregory L. Reports Stock Disposals for Tax Obligations

Gregory L. Hendry, MD, Chief Accounting Officer of PennyMac Financial Services, reported disposing of shares to cover tax obligations upon vesting of restricted stock units.

Summary

• Gregory L. Hendry, a key executive at PennyMac Financial Services, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 23, 2025, he disposed of 66 shares of common stock at a price of $101.25 per share to cover tax obligations.
• A further 45 shares were disposed of on February 24, 2025, also at $101.25 per share for the same reason.
• Following these transactions, Hendry directly owns 48,665 shares, including 1,167 restricted stock units and 47,498 shares of Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates