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PennyMac (NYSE: PFSI) director receives stock compensation grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NANJI FARHAD reported acquisition or exercise transactions in this Form 4 filing.

PennyMac Financial Services, Inc. director Farhad Nanji reported receiving shares of common stock as part of his board compensation. He was granted 338 shares of common stock at $93.03 per share, taken in stock instead of cash fees for the previous quarter and exempt under Rule 16b-3.

After this grant, Nanji directly holds 187,837 shares of common stock, consisting of 1,963 restricted stock units and 185,874 shares of common stock, with the restricted stock units settling in shares upon vesting. A separate holding entry shows 4,531,792 shares held indirectly through MFN Partners, LP.

Positive

  • None.

Negative

  • None.
Insider NANJI FARHAD
Role null
Type Security Shares Price Value
Grant/Award Common Stock 338 $93.03 $31K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 187,837 shares (Direct, null); Common Stock — 4,531,792 shares (Indirect, MFN Partners, LP)
Footnotes (1)
  1. 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. The reported amount consists of 1,963 restricted stock units and 185,874 of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
Stock grant size 338 shares Common stock granted in lieu of cash fees for prior quarter
Grant reference price $93.03 per share Price used for the 338-share compensation grant
Direct holdings after grant 187,837 shares Total PennyMac common shares directly held after the transaction
Restricted stock units 1,963 RSUs Part of direct holdings; settle in common shares upon vesting
Direct common shares 185,874 shares Outright common stock within Nanji’s direct holdings
Indirect holdings via MFN Partners, LP 4,531,792 shares Indirect PennyMac common stock position associated with Nanji
restricted stock units financial
"The reported amount consists of 1,963 restricted stock units and 185,874 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.
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.
non-management director financial
"cash compensation payable for services rendered as a non-management director of Issuer during the previous quarter."
indirect ownership financial
"total_shares_following_transaction 4,531,792.0000 with ownership_type indirect via MFN Partners, LP."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
NANJI FARHAD
(Last)(First)(Middle)
C/O PENNYMAC FINANCIAL SERVICES, INC.
3043 TOWNSGATE ROAD
(Street)
WESTLAKE VILLAGE CALIFORNIA 91361
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PennyMac Financial Services, Inc. [ PFSI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/07/2026A338(1)A$93.03187,837(2)D
Common Stock4,531,792IMFN Partners, LP
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. The reported amount consists of 1,963 restricted stock units and 185,874 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. Nanji05/07/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PFSI director Farhad Nanji report?

PFSI director Farhad Nanji reported receiving 338 shares of common stock as compensation. The shares were granted instead of cash fees for his non-management director services during the previous quarter and are treated as an exempt transaction under Rule 16b-3.

How many PennyMac (PFSI) shares does Farhad Nanji now hold directly?

After the reported grant, Farhad Nanji directly holds 187,837 PennyMac common shares. This position includes 1,963 restricted stock units and 185,874 shares of common stock, with the restricted stock units to be settled in an equal number of shares upon vesting.

What price was used for Farhad Nanji’s PFSI stock compensation grant?

The 338-share stock compensation grant to Farhad Nanji used a reference price of $93.03 per share. These shares were received in lieu of cash for prior-quarter director services rather than purchased on the open market as an investment decision.

How much indirect ownership in PFSI is associated with MFN Partners, LP?

The filing shows 4,531,792 PennyMac common shares held indirectly through MFN Partners, LP. This reflects an indirect ownership position associated with Farhad Nanji, separate from his directly held shares and the restricted stock units reported in his personal holdings.

Are Farhad Nanji’s new PFSI shares a market purchase or compensation?

The 338 new shares reported by Farhad Nanji represent stock-based compensation, not a market purchase. He received these shares instead of cash fees for serving as a non-management director during the prior quarter, under an arrangement exempt from short-swing profit rules.