PennyMac (PFSI) capital markets chief disposes 71 shares for taxes

Rhea-AI Filing Summary

PennyMac Financial Services, Inc. executive Mark Elbaum, Chief Capital Markets Officer, reported a small share disposal related to equity compensation. On this Form 4, 71 shares of common stock were disposed of at $91.93 per share to cover tax obligations upon vesting of restricted stock units.

After this tax-withholding transaction, Elbaum holds share-based interests totaling 5,333 shares, consisting of 1,841 shares of common stock and 3,492 restricted stock units that will settle in an equal number of common shares upon vesting.

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

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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^*

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)
02/28/2026

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	02/28/2026		F		71(1)	D	$91.93	5,333(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

Explanation of Responses:

1. Represents shares sold upon vesting of restricted share units.

2. The reported amount consists of 3,492 of restricted stock units and 1,841 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. Elbaum	03/03/2026
	** 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 insider transaction did PFSI executive Mark Elbaum report?

Mark Elbaum reported a small disposal of 71 PennyMac Financial Services shares. The transaction was a tax-withholding disposition tied to vesting restricted stock units, not an open-market sale, and reflects routine equity compensation management.

At what price were the 71 PFSI shares disposed of by Mark Elbaum?

The 71 PennyMac Financial Services shares were disposed of at $91.93 per share. This price reflects the fair market value used for withholding shares to satisfy tax obligations when Elbaum’s restricted stock units vested.

Was Mark Elbaum’s PFSI Form 4 transaction an open-market sale?

The transaction was not an open-market sale; it was a tax-withholding disposition. Shares were automatically withheld upon vesting of restricted stock units to pay exercise price or tax liabilities, a common feature of stock-based compensation programs.

How many PFSI share-based interests does Mark Elbaum hold after this Form 4?

Following the reported transaction, Mark Elbaum holds 5,333 PennyMac Financial Services share-based interests. This includes 1,841 shares of common stock and 3,492 restricted stock units that will convert into an equal number of shares upon vesting.

What do Mark Elbaum’s remaining PFSI restricted stock units represent?

Mark Elbaum’s 3,492 restricted stock units represent future PennyMac Financial Services share delivery. Each unit is scheduled to settle in one share of common stock upon vesting, aligning his compensation with the company’s long-term share performance.

What is the role of Mark Elbaum at PennyMac Financial Services (PFSI)?

Mark Elbaum serves as Chief Capital Markets Officer at PennyMac Financial Services. His Form 4 filing reflects equity compensation activity in that leadership role, including restricted stock units and related tax-withholding share dispositions upon vesting.