PennyMac Financial Services Inc
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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Sep 30, 2024 · Filed Oct 29, 2024
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Item 5. Other Information
(c) Trading Plans
As of September 30, 2024, the following directors or Section 16 officers adopted, modified or terminated the following Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements (in each case, as defined in Item 408(a) of Regulation S-K):
On September 2, 2024, David A. Spector, Chairman and Chief Executive Officer, adopted a trading plan to sell:
(1)60,000 shares of PennyMac Financial Services, Inc. common stock, (2) shares received upon the vesting of 19,937 time-based restricted stock units and (3) shares received upon the vesting of 73,883 performance-based restricted stock units assuming a maximum level performance achievement.
The trading plan will expire on December 17, 2025. Mr. Spector’s trading plan was entered into during an open insider trading window and is intended to satisfy Rule 10b5-1(c) under the Exchange Act and the Company’s policies regarding insider transactions.
During the quarter ended September 30, 2024, none of our directors or executive officers, other than Mr. Spector, informed us of the adoption, modification, or termination of any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408(a) of Regulation S-K).
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