PennyMac (NYSE: PFSI) director gets stock compensation in lieu of cash

Rhea-AI Filing Summary

PennyMac Financial Services director Sunil Chandra received 212 shares of Common Stock as stock compensation on February 2, 2026. The shares were issued in lieu of cash fees for his services as a non-management director for the prior quarter.

After this award, Chandra beneficially owns 2,472 equity-based instruments in total, consisting of 1,547 restricted stock units and 925 shares of Common Stock. The award is reported as a direct holding and is exempt from short-swing profit rules under Rule 16b-3.

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^*

Chandra Sunil

(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
	Officer (give title below)		Other (specify below)

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

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	02/02/2026		A		212(1)	A	$147.37	2,472(2)	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

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 1,547 restricted stock units and 925 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 Mr. Chandra	02/04/2026
	** 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).
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.

FAQ

What did PennyMac (PFSI) director Sunil Chandra report in this Form 4?

Sunil Chandra reported receiving 212 shares of PennyMac Common Stock on February 2, 2026. These shares were granted as compensation for his services as a non-management director during the previous quarter, instead of paying that portion of his fees in cash.

What was the price and nature of the PFSI shares granted to Sunil Chandra?

The award was 212 shares of PennyMac Common Stock valued at $147.37 per share. This was an equity grant in lieu of cash director compensation, not an open-market purchase or sale, and it is treated as exempt under Rule 16b-3.

How many PennyMac (PFSI) shares and units does Sunil Chandra own after this transaction?

Following the transaction, Sunil Chandra beneficially owns 2,472 equity interests in PennyMac. This total is made up of 1,547 restricted stock units and 925 shares of Common Stock, with restricted stock units settling in an equal number of shares upon vesting.

Why did Sunil Chandra receive PennyMac (PFSI) shares instead of cash?

Chandra received 212 shares of Common Stock in lieu of cash compensation owed for his prior-quarter board service. Companies often offer directors stock-based compensation to align their interests with shareholders while conserving cash that would otherwise be paid as fees.

Are the restricted stock units reported by Sunil Chandra already settled into PFSI shares?

The filing states that 1,547 restricted stock units are included in Chandra’s beneficial ownership. These units will be settled in an equal number of Common Stock shares upon vesting, meaning actual shares will be delivered as vesting conditions are satisfied over time.