PennyMac officer granted options and RSUs

PennyMac Financial Services Chief Capital Markets Officer Mark Elbaum reported new equity awards.

Rhea-AI Filing Summary

PennyMac Financial Services Chief Capital Markets Officer Mark Elbaum reported new equity awards. He received 1,366 restricted stock units that will vest in three equal installments starting one year after the grant date and be settled in the same number of common shares upon vesting.

After this grant, he directly holds 5,573 common shares, consisting of 4,097 restricted stock units and 1,476 shares of common stock. He was also granted a nonstatutory stock option for 3,470 shares at an exercise price of $91.49 per share, vesting one-third on each of February 12, 2027, 2028 and 2029, with an expiration date of February 11, 2036.

Insider Trade Summary

Grant/Award: 4,836 shares

Grant/Award 2 txns

Insider ELBAUM MARK

Role Chief Capital Markets Officer

Type	Security	Shares	Price	Value
Grant/Award	Nonstatutory Stock Option (Right to Buy)	3,470	$0.00	$0.00
Grant/Award	Common Stock	1,366	$0.00	$0.00

Holdings After Transaction: Nonstatutory Stock Option (Right to Buy) — 3,470 contracts (Direct); Common Stock — 5,573 shares (Direct)

Footnotes (3)

1. F1. The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of grant, are to be settled in an equal number of shares of Common Stock upon vesting.
2. F2. The reported amount consists of 4,097 restricted stock units and 1,476 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
3. F3. This nonstatutory stock option to purchase 3,470 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 12, 2027, 2028 and 2029, subject to the Reporting Person's continued service through each date.

FAQ

What insider transaction did Mark Elbaum report at PennyMac Financial (PFSI)?

Mark Elbaum reported receiving equity awards, not an open-market trade. He was granted 1,366 restricted stock units and a nonstatutory stock option for 3,470 shares, both tied to his role as Chief Capital Markets Officer.

How many PennyMac Financial (PFSI) shares does Mark Elbaum own after the filing?

After the reported awards, Mark Elbaum beneficially owns 5,573 common shares directly. This total includes 4,097 restricted stock units and 1,476 shares of PennyMac Financial common stock, according to the ownership detail in the filing.

What are the terms of Mark Elbaum’s new stock options at PennyMac Financial (PFSI)?

He received a nonstatutory stock option for 3,470 shares at a $91.49 exercise price. The option vests in three equal annual installments in 2027, 2028 and 2029 and expires on February 11, 2036, subject to continued service.

How do Mark Elbaum’s new restricted stock units at PennyMac Financial (PFSI) vest?

The 1,366 restricted stock units vest in three equal installments beginning on the first anniversary of the grant date. Each vested unit will be settled in one share of PennyMac Financial common stock upon vesting, aligning compensation with company performance.

Are Mark Elbaum’s PennyMac Financial (PFSI) awards direct or indirect holdings?

The filing states that Mark Elbaum’s reported holdings are direct. Both the 5,573 common shares, including restricted stock units, and the 3,470 nonstatutory stock options are listed with direct ownership, with no indirect ownership entity disclosed.

Did Mark Elbaum buy or sell PennyMac Financial (PFSI) shares on the market?

The transactions reflect grants and awards, not open-market buying or selling. The Form 4 uses transaction code “A,” indicating a grant, award, or other acquisition of restricted stock units and stock options as part of his compensation package.

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Accepted by SEC EDGAR 02/17/2026 - 06:49 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ELBAUM MARK

(Last) (First) (Middle)

C/O PENNYMAC FINANCIAL SERVICES, INC.

3043 TOWNSGATE ROAD

(Street)

WESTLAKE VILLAGE CA 91361

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PennyMac Financial Services, Inc. [ PFSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Capital Markets Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/12/2026		A		1,366(1)	A	$0	5,573(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Nonstatutory Stock Option (Right to Buy)	$91.49	02/12/2026		A		3,470		02/12/2027(3)	02/11/2036	Common Stock	3,470	$0	3,470	D

Explanation of Responses:

1. The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of grant, are to be settled in an equal number of shares of Common Stock upon vesting.

2. The reported amount consists of 4,097 restricted stock units and 1,476 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

3. This nonstatutory stock option to purchase 3,470 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 12, 2027, 2028 and 2029, subject to the Reporting Person's continued service through each date.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Elbaum	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.