PennyMac (NYSE: PFSI) CAO logs 2,177-share option exercise and sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PennyMac Financial Services, Inc. MD and Chief Accounting Officer Gregory L. Hendry exercised stock options and sold shares in a coordinated transaction. He exercised a nonstatutory stock option covering 2,177 shares of Common Stock at an exercise price of $24.40 per share and received 2,177 shares.
On the same date, he sold 2,177 shares of Common Stock at an average price of $86.89 per share. The sale occurred automatically under a Rule 10b5-1 trading plan adopted on March 20, 2026. Following these transactions, he directly holds 48,968 shares of Common Stock, including 904 restricted stock units that will settle in an equal number of shares upon vesting, and retains multiple unexercised nonstatutory stock options that vest in annual installments and expire between 2033 and 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,177 shares ($189,160)
Net Sell
7 txns
Insider
Hendry Gregory L
Role
MD, Chief Accounting Officer
Sold
2,177 shs ($189K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonstatutory Stock Option (Right to Buy) | 2,177 | $0.00 | -- |
| Exercise | Common Stock | 2,177 | $24.40 | $53K |
| Sale | Common Stock | 2,177 | $86.89 | $189K |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Nonstatutory Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 51,145 shares (Direct, null)
Footnotes (1)
- The sale reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2026. The reported amount consists of 904 restricted stock units and 48,064 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. This nonstatutory stock option to purchase 1,028 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 24, 2024, 2025 and 2026, subject to the Reporting Person's continued service through each date. This non-statutory stock option to purchase 735 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 1, 2025, 2026 and 2027, subject to the Reporting Person's continued service through that date. This nonstatutory stock option to purchase 626 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 14, 2026, 2027 and 2028, subject to the Reporting Person's continued service through each date. This nonstatutory stock option to purchase 798 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.
Key Figures
Shares sold: 2,177 shares
Sale price: $86.89 per share
Option exercise price: $24.40 per share
+5 more
8 metrics
Shares sold
2,177 shares
Common Stock sold in open-market transaction
Sale price
$86.89 per share
Price for 2,177 Common Stock shares sold
Option exercise price
$24.40 per share
Nonstatutory stock option exercised for 2,177 shares
Shares after transaction
48,968 shares
Total direct holdings following transactions
Restricted stock units
904 units
RSUs settling in equal shares of Common Stock upon vesting
Option block
1,028 underlying shares at $60.74
Nonstatutory stock option expiring February 23, 2033
Option block
735 underlying shares at $84.93
Nonstatutory stock option expiring February 28, 2034
Option block
626 underlying shares at $101.76
Nonstatutory stock option expiring February 13, 2035
Key Terms
Rule 10b5-1 trading plan, restricted stock units, nonstatutory stock option, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sale reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"The reported amount consists of 904 restricted stock units and 48,064 shares of Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
nonstatutory stock option financial
"This nonstatutory stock option to purchase 1,028 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 24, 2024, 2025 and 2026."
A nonstatutory stock option (also called a non-qualified stock option) is an employee or contractor right to buy company shares at a set price that does not qualify for special tax treatment. When exercised, the difference between the market price and the set price is treated as ordinary income for the recipient and usually triggers payroll tax and withholding. For investors, these options matter because they create potential share dilution, affect reported compensation costs, and influence the timing of when new shares enter the market—similar to a coupon that lets someone buy stock at a discount but results in an immediate tax bill.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What insider transaction did PFSI executive Gregory L. Hendry report?
Gregory L. Hendry reported exercising options for 2,177 PennyMac (PFSI) shares and selling 2,177 shares. The option exercise price was $24.40 per share, and the sale price was $86.89 per share, reflecting a routine exercise-and-sale transaction.
Was the PFSI insider sale by Gregory L. Hendry pre-planned?
Yes. The Form 4 states the 2,177-share sale occurred automatically under a Rule 10b5-1 trading plan. That plan was adopted by Gregory L. Hendry on March 20, 2026, indicating the timing of the sale was established in advance.
What stock options in PFSI does Gregory L. Hendry still hold?
He holds several nonstatutory stock options over PennyMac (PFSI) Common Stock, covering 1,028, 735, 626, and 798 underlying shares. Their exercise prices range from $60.74 to $101.76 per share, with expiration dates between 2033 and 2036 and vesting in annual thirds.
What role does Gregory L. Hendry have at PennyMac Financial Services (PFSI)?
Gregory L. Hendry is identified as MD, Chief Accounting Officer at PennyMac Financial Services (PFSI). As Chief Accounting Officer, he is a senior executive responsible for accounting oversight and is required to report his equity transactions on Form 4.