PennyMac (PFSI) CEO Spector details equity grants and divorce share transfer

Rhea-AI Filing Summary

PennyMac Financial Services Chairman & CEO David Spector reported equity awards and a share transfer. On February 12, 2026, he was granted 19,810 restricted stock units that vest in three equal annual installments and settle in the same number of common shares upon vesting.

He also received a nonstatutory stock option for 50,319 shares at an exercise price of $91.49, vesting one-third each on February 12, 2027, 2028 and 2029, subject to continued service. On February 13, 2026, 25,000 common shares were transferred for no consideration to his former spouse pursuant to a divorce settlement, leaving 547,669 directly held shares plus 56,109 restricted stock units and 100,604 shares held indirectly through ST Family Investment Company LLC.

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^*

SPECTOR DAVID

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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	02/12/2026		A		19,810(1)	A	$0	572,669	D
Common Stock	02/13/2026		J		25,000(2)	D	$0	547,669(3)	D
Common Stock								100,604	I	ST Family Investment Company LLC

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
Nonstatutory Stock Option (Right to Buy)	$91.49	02/12/2026		A		50,319		02/12/2027(4)	02/11/2036	Common Stock	50,319	$0	50,319	D

Explanation of Responses:

1. The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of the grant, are to be settled in an equal number of shares of Common Stock upon vesting.

2. Pursuant to a divorce settlement, these shares of Common Stock were transferred for no consideration to the reporting person's former spouse and the reporting person no longer reports that he is the beneficial owner of these shares.

3. The reported amount consists of 56,109 restricted stock units and 491,560 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

4. This nonstatutory stock option to purchase 50,319 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.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Spector	02/17/2026
	** Signature of Reporting Person	Date
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).
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FAQ

What equity awards did PFSI Chairman & CEO David Spector receive in this Form 4?

David Spector received 19,810 restricted stock units and a nonstatutory stock option for 50,319 PennyMac Financial Services common shares. The RSUs vest in three equal annual installments, while the option vests one-third on February 12 of 2027, 2028 and 2029.

How do David Spector’s new restricted stock units from PFSI vest and settle?

The 19,810 restricted stock units vest in three equal installments starting on the first anniversary of the February 12, 2026 grant. Upon each vesting date, they are settled in an equal number of PennyMac Financial Services common shares, aligning compensation with future service.

What are the terms of David Spector’s new PennyMac stock option grant?

The nonstatutory stock option covers 50,319 PennyMac Financial Services shares at an exercise price of $91.49. It vests in three equal tranches on February 12, 2027, 2028 and 2029, contingent on his continued service through each vesting date.

Why were 25,000 PFSI shares transferred from David Spector on February 13, 2026?

The 25,000 PennyMac Financial Services shares were transferred for no consideration to David Spector’s former spouse under a divorce settlement. After this transfer, he no longer reports beneficial ownership of those shares, and his directly held stake was reduced accordingly.

How many PennyMac shares does David Spector hold after the reported transactions?

Following the reported transactions, David Spector directly holds 547,669 PennyMac Financial Services common shares plus 56,109 restricted stock units. He also has indirect ownership of 100,604 common shares through ST Family Investment Company LLC, as disclosed in the Form 4 filing.

What indirect ownership in PFSI does David Spector report?

David Spector reports indirect ownership of 100,604 PennyMac Financial Services common shares through ST Family Investment Company LLC. This indirect position is separate from his directly held shares and restricted stock units, and is specifically identified in the ownership table of the Form 4.