Chairman and CEO of PennyMac Financial Services Sells 10,000 Shares for $880,000
David Spector, Chairman and CEO of PennyMac Financial Services (NYSE:PFSI)reported indirect sales of 10,000 shares of common stock valued at approximately $880,000 through multiple open market transactions on May 12, 2026, according to an SEC Form 4 filing.
Transaction summary
|
Metric |
Price |
|---|---|
|
Shares sold (directly) |
10,000 |
|
Transaction amount |
$880,000 |
|
Post-trade shares (direct) |
504,401 |
|
Post-transaction shares (direct) |
60,604 |
|
Post-transaction value (direct ownership) |
~ $44.71 million |
Transaction value based on SEC Form 4 weighted sales price ($87.99); post-transaction value based on the spot value obtained using the closing price of the trade date.
Key questions
-
How does the commercial compare in scale to Spector’s previous commercial activity?
This sale of 10,000 shares is in line with Spector’s typical transaction size, with an average transaction of approximately 11,100 shares and a historical range of 5,000-39,777 shares per trade, indicating stable portfolio management. -
What is the impact on Spector’s overall equity exposure?
The transaction reduced Spector’s indirect ownership by 14.16%, but his direct stake of 504,401 shares remained unchanged, leaving his total beneficial ownership at 565,005 shares after the trade. -
Are the shares sold under a pre-arranged trading plan?
Yes, the filing shows that the sale was made under a Rule 10b5-1 trading plan adopted on Aug. 8, 2025, which supports the interpretation of the procedure, the planned variation rather than the voluntary sale. -
How does the value of the transaction relate to recent stock performance?
The estimated sale price of $87.99 per share is just above the company’s price of $85.69 as of May 17, 2026, shares are down 15.07% over the past year, indicating that the transaction occurred near the high end of the recent trading range.
Company overview
|
Metric |
Price |
|---|---|
|
Revenue (TTM) |
$3.32 billion |
|
Total revenue (TTM) |
$507.12 million |
|
Return yield |
1.48% |
|
1 year price change |
(9.5%) |
Note: 1-year performance is calculated using May 12, 2026 as the reference date.
Company summary
-
It provides mortgage origination, loan servicing, and investment management services, with revenues primarily from loan origination and servicing fees.
-
Using a vertically integrated model, it generates revenue through mortgage loan origination, acquisition, sales, and ongoing residential real estate services.
-
It serves American homeowners, mortgage investors, and institutional clients seeking real estate products and service solutions.
PennyMac Financial Services is a leading US banking and investment management company with a diversified revenue base across manufacturing, servicing, and asset management.
