SPECTOR DAVID 4
4 · PennyMac Financial Services, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
PennyMac (PFSI) CEO David Spector Withholds 3,097 Shares for Taxes
What Happened
David Spector, Chairman & CEO of PennyMac Financial Services (PFSI), had 3,097 shares withheld on Feb 28, 2026 to satisfy tax withholding related to vested restricted stock units (RSUs). The shares were valued at $91.93 each, for a total of approximately $284,707. This was a tax-withholding disposal (routine), not an open-market sale.
Key Details
- Transaction date: 2026-02-28; Form 4 filed 2026-03-03. No late-filing flag indicated.
- Transaction type/code: F — shares withheld to cover tax liability upon RSU vesting.
- Shares withheld/disposed: 3,097 at $91.93; total value ~$284,707.
- Shares owned after transaction (per filing footnote): 503,996 shares of Common Stock plus 37,841 RSUs (to be settled in shares) — total reported interest = 541,837 (503,996 common + 37,841 RSUs).
- Footnotes: F1 — represents shares withheld for taxes upon vesting of RSUs. F2 — clarifies the reported ownership mix of RSUs vs. common shares.
Context
Withholding shares to cover taxes is a routine administrative step when RSUs vest (a form of cashless settlement). It reduces the number of shares delivered to the insider and does not necessarily indicate a buy/sell signal about the company's prospects. The RSUs noted in the filing will convert to common shares upon vesting.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-28$91.93/sh−3,097$284,707→ 541,837 total
- 90,604(indirect: By LLC)
Common Stock
Footnotes (2)
- [F1]Represents shares withheld for taxes upon vesting of restricted stock units.
- [F2]The reported amount consists of 37,841 restricted stock units and 503,996 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.