PennyMac (NYSE: PFSI) CDO receives RSUs and 9,716 stock options

Rhea-AI Filing Summary

PennyMac Financial Services’ Chief Digital Officer James Follette reported new equity awards. On February 12, 2026 he received 3,825 restricted stock units of common stock at $0 cost, bringing his directly held restricted stock units to 11,163, all to be settled in an equal number of shares upon vesting.

The newly granted restricted stock units vest in three equal installments beginning on the first anniversary of the grant date. He was also granted 9,716 nonstatutory stock options with a $91.49 exercise price, vesting one-third on each of February 12, 2027, 2028 and 2029 and expiring on February 11, 2036, all held as direct ownership.

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

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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^*

Follette James

(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 Digital 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		3,825(1)	A	$0	11,163(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		9,716		02/12/2027(3)	02/11/2036	Common Stock	9,716	$0	9,716	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 11,163 restricted stock units. 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 9,716 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. Follette	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).
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FAQ

What equity awards did PFSI Chief Digital Officer James Follette receive?

James Follette received 3,825 restricted stock units and 9,716 nonstatutory stock options. The awards were granted at no cost and are tied to PennyMac Financial Services common stock, with specific multi-year vesting schedules.

How many restricted stock units does James Follette hold at PennyMac (PFSI)?

After the grant, James Follette beneficially owns 11,163 restricted stock units. These units are scheduled to settle in an equal number of PennyMac Financial Services common shares once they vest under the award’s installment schedule.

What is the vesting schedule for James Follette’s new PFSI restricted stock units?

The newly granted 3,825 restricted stock units vest in three equal installments. Vesting begins on the first anniversary of the February 12, 2026 grant date and continues annually until all units have vested into common shares.

What are the key terms of James Follette’s 9,716 PennyMac stock options?

The 9,716 nonstatutory stock options have a $91.49 exercise price and expire on February 11, 2036. They vest one-third each on February 12, 2027, February 12, 2028, and February 12, 2029, assuming continued service.

Were James Follette’s reported PFSI equity transactions open-market purchases?

No, the filing describes the transactions as grants or other acquisitions. Both the restricted stock units and nonstatutory stock options were awarded at a price of $0, rather than being bought in the open market.

Is James Follette’s ownership in these PFSI awards direct or indirect?

The Form 4 lists James Follette’s ownership of both the restricted stock units and the nonstatutory stock options as direct. No indirect holding entities or separate beneficial owners are indicated in the ownership or footnote disclosures.