STOCK TITAN
  1. Home
  2. Sec-filings
  3. PFSI
  4. [Form 4] PennyMac Financial Services, Inc. Insider Trading Activity

PennyMac (PFSI) director Doug Jones reports PSU vesting and tax share withholding

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Doug Jones, a director and the President & CMBO of PennyMac Financial Services, Inc., reported equity compensation activity and related share withholding. He received a grant/vesting of 7,610 performance-based restricted stock units, which were exercised into 7,610 shares of common stock at no exercise price.

To cover taxes on this vesting, 2,731 common shares were withheld at $94.33 per share. After these transactions, he directly holds 32,389 common shares, consisting of 25,610 restricted stock units and 6,779 common shares. He also reports indirect ownership of 15,337 common shares through The Jones Family Trust and 410,000 common shares through GR Family Investments LLC.

Positive

  • None.

Negative

  • None.
Insider Jones Doug
Role Director, President & CMBO
Type Security Shares Price Value
Grant/Award Performance-Based Restricted Stock Units 7,610 $0.00 --
Exercise Performance-Based Restricted Stock Units 7,610 $0.00 --
Exercise Common Stock 7,610 $0.00 --
Tax Withholding Common Stock 2,731 $94.33 $258K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Performance-Based Restricted Stock Units — 7,610 shares (Direct); Common Stock — 35,120 shares (Direct); Common Stock — 15,337 shares (Indirect, The Jones Family Trust)
Footnotes (1)
  1. This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 24, 2023 and vested on February 20, 2026, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period of January 1, 2023 through December 31, 2025 resulting in a payout percentage for the award of 37%. Represents shares withheld for taxes upon vesting of performance-based restricted stock units. The reported amount consists of 25,610 restricted stock units and 6,779 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
Form 4 Insider Transactions: What Each Field Means →
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*
Jones Doug
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Director, President & CMBO
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
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 02/20/2026 M 7,610(1) A $0 35,120 D
Common Stock 02/20/2026 F 2,731(2) D $94.33 32,389(3) D
Common Stock 15,337 I The Jones Family Trust
Common Stock 410,000 I GR Family Investments LLC
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
Performance-Based Restricted Stock Units (1) 02/20/2026 A 7,610 (1) (1) Common Stock 7,610 $0 7,610 D
Performance-Based Restricted Stock Units (1) 02/20/2026 M 7,610 (1) (1) Common Stock 7,610 $0 0 D
Explanation of Responses:
1. This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 24, 2023 and vested on February 20, 2026, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period of January 1, 2023 through December 31, 2025 resulting in a payout percentage for the award of 37%.
2. Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
3. The reported amount consists of 25,610 restricted stock units and 6,779 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
/s/ Derek W. Stark, attorney-in-fact for Mr. Jones 02/24/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Doug Jones report in the latest Form 4 for PFSI?

Doug Jones reported vesting and exercise of 7,610 performance-based restricted stock units into 7,610 common shares, along with tax withholding of 2,731 shares. The filing also updates his direct and indirect common stock holdings in PennyMac Financial Services, Inc. (PFSI).

How many PennyMac (PFSI) RSUs did Doug Jones have vest in this filing?

Jones had 7,610 performance-based restricted stock units vest and convert into 7,610 common shares. The payout was based on return on equity and leverage ratio performance from January 1, 2023 through December 31, 2025, resulting in a 37% payout percentage for the award.

Why were 2,731 PFSI shares withheld in Doug Jones’s Form 4?

The 2,731 PennyMac common shares were withheld to satisfy tax obligations upon vesting of the performance-based restricted stock units. This tax-withholding disposition used shares valued at $94.33 each, rather than requiring a separate cash payment for the associated tax liability.

What is Doug Jones’s direct ownership in PennyMac (PFSI) after these transactions?

After the reported transactions, Jones directly holds 32,389 common shares of PennyMac. This amount consists of 25,610 restricted stock units that will settle in shares upon vesting and 6,779 already issued common shares, reflecting his ongoing direct equity stake in the company.

What indirect PFSI holdings does Doug Jones report on this Form 4?

Jones reports indirect ownership of PennyMac common stock through two entities: 15,337 shares held by The Jones Family Trust and 410,000 shares held by GR Family Investments LLC. These positions are disclosed as indirect holdings separate from his directly owned and restricted shares.

How was the payout percentage for Doug Jones’s PFSI PSU award determined?

The payout percentage for Jones’s performance-based restricted stock units was set at 37%. The Compensation Committee determined this based on return on equity and leverage ratio performance over the period from January 1, 2023 through December 31, 2025, as specified in the award’s terms.