PennyMac Financial Services (NYSE: PFSI) director granted stock compensation
Rhea-AI Filing Summary
NANJI FARHAD reported acquisition or exercise transactions in this Form 4 filing.
PennyMac Financial Services, Inc. director Farhad Nanji received a grant of 379 shares of Common Stock on July 31, 2026 at $82.17 per share, taken in lieu of cash compensation for the prior quarter as a non-management director under an exemption in Rule 16b-3.
After this award, Nanji holds 188,216 shares directly, consisting of 1,963 restricted stock units and 186,253 shares of Common Stock, plus an additional 4,531,792 shares held indirectly through MFN Partners, LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 379 shares
Net Buy
2 txns
Insider
NANJI FARHAD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 379 | $82.17 | $31K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 188,216 shares (Direct);
Common Stock — 4,531,792 shares (Indirect, MFN Partners, LP)
Footnotes (2)
- F1. The Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter. The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- F2. The reported amount consists of 1,963 restricted stock units and 186,253 of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
Key Figures
Director stock award: 379 shares of Common Stock
Grant price: $82.17 per share
Direct holdings after grant: 188,216 shares
+3 more
6 metrics
Director stock award
379 shares of Common Stock
Grant/award acquisition on July 31, 2026 in lieu of cash compensation
Grant price
$82.17 per share
Value assigned to the 379-share director compensation grant
Direct holdings after grant
188,216 shares
Total direct PennyMac shares held by Farhad Nanji after the July 31, 2026 award
Restricted stock units
1,963 RSUs
Portion of direct holdings, to settle into an equal number of shares upon vesting
Direct Common Stock
186,253 shares
Directly held PennyMac Common Stock excluding restricted stock units
Indirect holdings via MFN Partners, LP
4,531,792 shares
Indirect ownership reported as held through MFN Partners, LP
Key Terms
restricted stock units, in lieu of cash compensation, Rule 16b-3, indirect ownership
4 terms
restricted stock units financial
"The reported amount consists of 1,963 restricted stock units and 186,253 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.
in lieu of cash compensation financial
"The Reporting Person received these shares in lieu of cash compensation payable for services rendered."
Rule 16b-3 regulatory
"The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
indirect ownership financial
"total shares following transaction 4,531,792.0000, direct_or_indirect I, nature MFN Partners, LP"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PennyMac (PFSI) director Farhad Nanji report?
Farhad Nanji reported receiving 379 shares of Common Stock on July 31, 2026. The shares were granted as stock compensation rather than cash fees for serving as a non-management director during the previous quarter.
How large was the stock award to PennyMac (PFSI) director Farhad Nanji and at what price?
The award totaled 379 shares of PennyMac Common Stock at $82.17 per share. This was a grant/award acquisition, not an open-market purchase, and represents compensation for director services in the prior quarter.
Was the PennyMac (PFSI) director stock grant made under a Rule 10b5-1 trading plan?
The grant was not reported under a Rule 10b5-1 trading plan; the related checkbox is not marked as such. Instead, the award is described as compensation exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
What are the restricted stock units in Farhad Nanji’s PennyMac (PFSI) holdings?
Nanji’s direct holdings include 1,963 restricted stock units (RSUs). According to the disclosure, these RSUs will be settled in an equal number of Common shares upon vesting, adding to his direct stock ownership over time.