PennyMac (NYSE: PFSI) CDO reports tax-withholding disposition of shares

Rhea-AI Filing Summary

PennyMac Financial Services, Inc. Chief Digital Officer James Follette reported a tax-withholding disposition of 599 shares of common stock on February 28, 2026 at $91.93 per share. These shares were withheld to cover taxes upon vesting of restricted stock units.

Following this transaction, Follette directly held 11,734 shares of common equity interests, consisting of 7,296 restricted stock units and 4,438 shares of common stock. The restricted stock units are scheduled to be settled 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^*

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)
02/28/2026

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		599(1)	D	$91.93	11,734(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 withheld for taxes upon vesting of restricted share units.

2. The reported amount consists of 7,296 restricted stock units and 4,438 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. Follette	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).
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.

FAQ

What insider transaction did PFSI executive James Follette report?

James Follette reported a tax-withholding disposition of 599 PennyMac Financial Services common shares. The shares were withheld on February 28, 2026 at $91.93 per share to satisfy tax obligations related to restricted stock unit vesting.

Was the PFSI Form 4 transaction an open-market sale?

The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to cover taxes upon vesting of restricted stock units, as noted in the filing’s footnote, rather than being sold on a public exchange.

How many PennyMac (PFSI) shares were withheld for taxes?

A total of 599 PennyMac Financial Services common shares were withheld. The filing states this withholding occurred upon vesting of restricted share units and was reported with transaction code F, which denotes payment of tax liability by delivering securities.

What price per share was used in the PFSI tax-withholding transaction?

The tax-withholding disposition used a price of $91.93 per share for 599 common shares. This per-share value is disclosed directly in the Form 4 transaction details for the February 28, 2026 event involving James Follette’s equity awards.

How many PFSI shares does James Follette hold after the Form 4 transaction?

After the reported transaction, James Follette directly holds 11,734 common equity interests. According to the footnote, this consists of 7,296 restricted stock units and 4,438 common shares, with the units to be settled in shares upon vesting.

What does the restricted stock unit disclosure mean for PFSI shares?

The filing states that 7,296 restricted stock units will be settled in an equal number of PennyMac common shares upon vesting. This means each unit converts into one share when vesting conditions are met, increasing issued shares to Follette at that time.