SPECTOR DAVID 4
4 · PennyMac Financial Services, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
PennyMac (PFSI) CEO David Spector Sells 22,436 Shares
What Happened
David Spector, Chairman & CEO of PennyMac Financial Services (PFSI), sold a total of 22,436 shares on March 6, 2026 in multiple open-market/private transactions for aggregate proceeds of about $1.94 million. Individual reported lots: 729 @ $85.26, 8,251 @ $86.42, 1,020 @ $86.93, 917 @ $85.26, 10,210 @ $86.42 and 1,309 @ $86.93. These were sales (not purchases) and were executed pursuant to a Rule 10b5-1 trading plan.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 9, 2026 (timely filing).
- Total shares sold: 22,436; total reported proceeds ≈ $1,938,197 (~$1.94M).
- Reported prices (weighted averages / ranges):
- Lots reported at $85.26 (weighted average; underlying trades ranged $84.735–$85.70).
- Lots reported at $86.42 (weighted average; underlying trades ranged $85.78–$86.775).
- Lots reported at $86.93 (weighted average; underlying trades ranged $86.78–$87.21).
- Shares owned following the transactions: 491,560 shares of Common Stock and 37,841 restricted stock units (RSUs) to be settled into an equal number of shares on vesting (total economic interest = 529,401 shares/RSU-equivalents).
- Footnotes: sales were automatic under a 10b5-1 plan adopted Aug 8, 2025; weighted‑average pricing reported for grouped trades with provided price ranges.
Context: These were pre-arranged sales under a 10b5-1 plan, which is a routine mechanism insiders use to sell shares according to a preset schedule; such sales are not, by themselves, a clear signal of management sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-06$85.26/sh−729$62,155→ 89,875 total(indirect: By LLC) - Sale
Common Stock
[F1][F3]2026-03-06$86.42/sh−8,251$713,051→ 81,624 total(indirect: By LLC) - Sale
Common Stock
[F1][F4]2026-03-06$86.93/sh−1,020$88,669→ 80,604 total(indirect: By LLC) - Sale
Common Stock
[F1][F2]2026-03-06$85.26/sh−917$78,183→ 540,920 total - Sale
Common Stock
[F1][F3]2026-03-06$86.42/sh−10,210$882,348→ 530,710 total - Sale
Common Stock
[F1][F4][F5]2026-03-06$86.93/sh−1,309$113,791→ 529,401 total
Footnotes (5)
- [F1]The sales reported in the Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.
- [F2]The price reported is the weighted average price of multiple transactions ranging from $84.735 to $85.70. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
- [F3]The price reported is the weighted average price of multiple transactions ranging from $85.78 to $86.775. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
- [F4]The price reported is the weighted average price of multiple transactions ranging from $86.78 to $87.21. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
- [F5]The reported amount consists of 37,841 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.