PFSI Chairman sold 5,000 shares under 10b5-1, retains 577,859
Rhea-AI Filing Summary
PennyMac Financial Services, Inc. (PFSI) reported that Chairman & CEO David Spector executed a set of automatic sales on 10/06/2025 under a Rule 10b5-1 trading plan adopted on 09/02/2024. The filings show five separate dispositions totaling 5,000 shares sold at weighted average prices ranging from $116.50 to $121.19, with the sale prices reported as weighted averages in specific ranges.
After these transactions the reporting person is recorded as beneficially owning 577,859 shares, comprised of 541,560 shares and 36,299 restricted stock units that vest into common stock. The Form 4 was signed by an attorney-in-fact on 10/07/2025.
Positive
- None.
Negative
- None.
Insights
Sales followed a pre-existing Rule 10b5-1 plan; large retained stake remains.
The sales totaling 5,000 shares were executed automatically under a Rule 10b5-1 plan adopted on 09/02/2024, which typically provides an affirmative defense against insider trading claims when properly documented. The filing discloses weighted average price ranges for the multiple transactions rather than single trade prices.
The reporting person continues to hold 577,859 shares, including 36,299 restricted stock units. Monitor any future scheduled 10b5-1 activity or changes to the vesting schedule for those units over the coming vesting periods.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,355 | $116.89 | $158K |
| Sale | Common Stock | 1,811 | $118.19 | $214K |
| Sale | Common Stock | 711 | $119.13 | $85K |
| Sale | Common Stock | 862 | $119.98 | $103K |
| Sale | Common Stock | 261 | $120.89 | $32K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 2, 2024. The price reported is the weighted average price of multiple transactions ranging from $116.50 to $117.48. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected. The price reported is the weighted average price of multiple transactions ranging from $117.60 to $118.585. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected. The price reported is the weighted average price of multiple transactions ranging from $118.60 to $119.585. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected. The price reported is the weighted average price of multiple transactions ranging from $119.605 to $120.58. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected. The price reported is the weighted average price of multiple transactions ranging from $120.70 to $121.19. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected. The reported amount consists of 36,299 restricted stock units and 541,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
