PennyMac (NYSE: PFSI) CRO reports PSU vesting and tax withholding

Rhea-AI Filing Summary

PennyMac Financial Services Chief Revenue Officer Abbie Tidmore reported performance-based equity vesting and related share movements. A performance-based restricted stock unit award of 2,054 units vested, then was converted into 2,054 shares of common stock. Of these, 565 shares were withheld to cover taxes. After these transactions, Tidmore’s reported holdings consist of 7,065 restricted stock units and 2,095 shares of common stock, with the units settling in stock upon future 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^*

Tidmore Abbie

(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 Revenue Officer

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		2,054(1)	A	$0	9,725	D
Common Stock	02/20/2026		F		565(2)	D	$94.33	9,160(3)	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
Performance-Based Restricted Stock Units	(1)	02/20/2026		A		2,054		(1)	(1)	Common Stock	2,054	$0	2,054	D
Performance-Based Restricted Stock Units	(1)	02/20/2026		M			2,054	(1)	(1)	Common Stock	2,054	$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 7,065 restricted stock units and 2,095 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 Ms. Tidmore	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did PFSI’s Chief Revenue Officer report?

Abbie Tidmore reported vesting of 2,054 performance-based restricted stock units, their conversion into 2,054 common shares, and withholding of 565 shares to satisfy taxes. These movements reflect equity compensation mechanics rather than open-market share purchases or sales.

Were PennyMac (PFSI) shares bought or sold on the open market?

The filing shows no open-market trades. Shares were acquired through vesting and conversion of performance-based restricted stock units, and 565 shares were disposed of solely to cover tax obligations by delivering shares, not through discretionary market selling.

How many PennyMac (PFSI) shares and units does Abbie Tidmore now hold?

After the reported transactions, Tidmore’s holdings consist of 7,065 restricted stock units and 2,095 shares of common stock. The restricted stock units are scheduled to settle into an equal number of common shares upon future vesting events, subject to plan terms.

What performance metrics determined the PennyMac PSU payout for PFSI’s CRO?

The PSU payout was based on return on equity and leverage ratio performance from January 1, 2023 through December 31, 2025. These metrics produced a 37% payout percentage for the award originally granted on February 24, 2023 to Abbie Tidmore.

Why were 565 PennyMac (PFSI) shares withheld in this Form 4?

The 565 common shares were withheld to satisfy tax obligations triggered when performance-based restricted stock units vested and converted. This tax-withholding disposition is a common administrative step and does not represent a discretionary open-market sale of shares.