PennyMac CAO sells 2,943 shares at $81.71
PennyMac Financial Services, Inc. officer Gregory L. Hendry reported an options exercise and related share sale.
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Form Type
4
Rhea-AI Filing Summary
PennyMac Financial Services, Inc. officer Gregory L. Hendry reported an options exercise and related share sale. He exercised 2,943 shares of Common Stock at $18.05 per share and sold the same 2,943 shares at $81.71 per share.
The filing notes the sale occurred automatically under a Rule 10b5-1 trading plan adopted on March 20, 2026. After these transactions, he directly holds 48,968 shares of Common Stock and has 904 restricted stock units plus multiple unexercised stock options with exercise prices from $24.40 to $101.76 and expirations between 2028 and 2036.
Insider Trade Summary 10b5-1
Exercise and Sale: 2,943 shares ($187K approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Hendry Gregory L
Role
MD, Chief Accounting Officer
Sold
2,943 shs ($240K)
Approx. gross sale proceeds
$240K
Approx. exercise cost
$53K
Approx. pre-tax spread
$187K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonstatutory Stock Option (Right to Buy) | 2,943 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,943 | $18.05 | $53K |
| Sale | Common Stock | 2,943 | $81.71 | $240K |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonstatutory Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Nonstatutory Stock Option (Right to Buy) — 5,364 contracts (Direct);
Common Stock — 48,968 shares (Direct)
Footnotes (7)
- F1. The sale reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2026.
- F2. The reported amount consists of 904 restricted stock units and 48,064 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
- F3. This nonstatutory stock option to purchase 2,177 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.
- F4. This nonstatutory stock option to purchase 1,028 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 24, 2024, 2025 and 2026, subject to the Reporting Person's continued service through each date.
- F5. This non-statutory stock option to purchase 735 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 1, 2025, 2026 and 2027, subject to the Reporting Person's continued service through that date.
- F6. This nonstatutory stock option to purchase 626 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 14, 2026, 2027 and 2028, subject to the Reporting Person's continued service through each date.
- F7. This nonstatutory stock option to purchase 798 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 12, 2027, 2028 and 2029, subject to the Reporting Person's continued service through each date.
Key Figures
Shares sold: 2,943 shares
Sale price: $81.71 per share
Options exercised: 2,943 shares
+5 more
8 metrics
Shares sold
2,943 shares
Common Stock sold at $81.71 on June 22, 2026
Sale price
$81.71 per share
Open-market sale of 2,943 shares on June 22, 2026
Options exercised
2,943 shares
Common Stock acquired via option exercise at $18.05
Exercise price
$18.05 per share
Nonstatutory stock option exercise on June 22, 2026
Shares held after
48,968 shares
Direct Common Stock holdings following transactions
Restricted stock units
904 units
To settle in equal number of Common shares upon vesting
Option exercise price range
$24.40–$101.76
Exercise prices of remaining nonstatutory stock options
Earliest option expiration
March 8, 2028
Expiration of $24.40 exercise price option
Key Terms
Nonstatutory Stock Option (Right to Buy), Rule 10b5-1 trading plan, restricted stock units, exercise or conversion of derivative security, +1 more
5 terms
Nonstatutory Stock Option (Right to Buy) financial
"security_title: Nonstatutory Stock Option (Right to Buy)"
Rule 10b5-1 trading plan regulatory
"The sale reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"The reported amount consists of 904 restricted stock units and 48,064 shares 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.
exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Non-derivative financial
"transaction_type: non-derivative"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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