Insider Trading July 2, 2026 05:34 PM

PennyMac Financial Executive Divests Shares Under Pre-Arranged Trading Plan

Managing Director and Chief Accounting Officer Gregory L. Hendry executes automatic sale of 2,177 shares as stock faces six-month decline

By Maya Rios
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Gregory L. Hendry, Managing Director and Chief Accounting Officer at PennyMac Financial Services, Inc. (NASDAQ:PFSI), sold 2,177 shares of the company’s common stock on July 1, 2026, for a total value of $189,159. The shares were sold at a price of $86.89 per share. This transaction followed Mr. Hendry’s exercise of nonstatutory stock options to acquire 2,177 shares of common stock earlier on the same day. These shares were acquired at an exercise price of $24.40 per share, totaling $53,118. The subsequent sale of the 2,177 shares was executed automatically pursuant to a Rule 10b5-1 trading plan, which Mr. Hendry adopted on March 20, 2026. The sale comes as PennyMac shares have declined 35% over the past six months, though the stock currently trades below its InvestingPro Fair Value, suggesting potential upside. The company maintains a P/E ratio of 8.75 with earnings per share of $9.41 over the last twelve months. Following these transactions, Mr. Hendry directly holds 48,968 shares of PennyMac Financial Services common stock. This reported amount consists of 904 restricted stock units, which are to be settled in an equal number of common stock shares upon vesting, and 48,064 shares of common stock. Mr. Hendry also maintains various nonstatutory stock options to purchase additional shares of common stock. These include options for 1,028 shares with an exercise price of $60.74, 735 shares at $84.93, 626 shares at $101.76, and 798 shares at $91.49. These options are scheduled to vest over several future dates, contingent upon Mr. Hendry’s continued service to the company.PennyMac FinancialFollowAnalyze PFSIIncluded in our AI-picked strategies·Review strategies83.47▼-1.36(-1.60%)Closed·15:59:59·USD83.47▼-0.02(-0.02%)After Hours·16:10:051D1W1M6M1Y5YMaxCreated with Highcharts 11.4.814:0015:0016:0017:0018:0019:0082838485Analyze PFSIIn other recent news, PennyMac Financial Services Inc. reported its first-quarter 2026 earnings, which fell short of analyst expectations. The company announced earnings per share of $1.53, missing the forecasted $2.51 by 39.04%. Revenue also did not meet projections, totaling $544.98 million compared to the anticipated $567.09 million. In boardroom developments, PennyMac Mortgage Investment Trust appointed Scott Sauer to its Board of Trustees. Sauer has over 30 years of experience in the financial sector, including nearly two decades as an audit partner at Deloitte & Touche LLP. Additionally, PennyMac Financial Services welcomed Tiffany To to its Board of Directors. To is the CEO and Co-Founder of Ontollo and has previously held senior roles at Atlassian. These appointments are part of PennyMac’s ongoing efforts to strengthen its leadership team.

PennyMac Financial Executive Divests Shares Under Pre-Arranged Trading Plan
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Key Points

  • Gregory L. Hendry, Managing Director and Chief Accounting Officer at PennyMac Financial Services, Inc. (NASDAQ:PFSI), sold 2,177 shares of the company’s common stock on July 1, 2026, for a total value of $189,159. The shares were sold at a price of $86.89 per share. This transaction followed Mr. Hendry’s exercise of nonstatutory stock options to acquire 2,177 shares of common stock earlier on the same day. These shares were acquired at an exercise price of $24.40 per share, totaling $53,118. The subsequent sale of the 2,177 shares was executed automatically pursuant to a Rule 10b5-1 trading plan, which Mr. Hendry adopted on March 20, 2026.
  • The sale comes as PennyMac shares have declined 35% over the past six months, though the stock currently trades below its InvestingPro Fair Value, suggesting potential upside. The company maintains a P/E ratio of 8.75 with earnings per share of $9.41 over the last twelve months.
  • In boardroom developments, PennyMac Mortgage Investment Trust appointed Scott Sauer to its Board of Trustees. Sauer has over 30 years of experience in the financial sector, including nearly two decades as an audit partner at Deloitte & Touche LLP. Additionally, PennyMac Financial Services welcomed Tiffany To to its Board of Directors. To is the CEO and Co-Founder of Ontollo and has previously held senior roles at Atlassian. These appointments are part of PennyMac’s ongoing efforts to strengthen its leadership team.

Gregory L. Hendry, serving as the Managing Director and Chief Accounting Officer for PennyMac Financial Services, Inc. (NASDAQ:PFSI), executed a sale of 2,177 shares of the company's common stock on July 1, 2026. The transaction resulted in a total sale value of $189,159, with the shares cleared at a per-share price of $86.89.

This divestment activity occurred on the same day Mr. Hendry exercised nonstatutory stock options to acquire an equivalent 2,177 shares of common stock. The acquisition of these shares was facilitated at an exercise price of $24.40 per share, culminating in a total cost of $53,118 for the initial purchase. The subsequent sale of these 2,177 shares was carried out automatically under the parameters of a Rule 10b5-1 trading plan. Mr. Hendry originally established this trading plan on March 20, 2026.

The timing of this sale coincides with a broader downward trend for PennyMac stock, which has experienced a 35% decline over the preceding six months. Despite this recent performance, the stock is currently trading below its InvestingPro Fair Value metric, a positioning that analysts may interpret as indicating potential for future upside. Fundamentally, PennyMac maintains a price-to-earnings (P/E) ratio of 8.75, supported by earnings per share of $9.41 recorded over the last twelve months.

Post-transaction, Mr. Hendry's direct holdings in PennyMac Financial Services common stock stand at 48,968 shares. This portfolio comprises 904 restricted stock units, which are designated to settle in an equal number of common stock shares upon vesting, alongside 48,064 shares of common stock. Furthermore, Mr. Hendry retains a portfolio of nonstatutory stock options for the purchase of additional shares. These options cover 1,028 shares at an exercise price of $60.74, 735 shares at $84.93, 626 shares at $101.76, and 798 shares at $91.49. The vesting of these options is scheduled across multiple future dates and remains contingent upon Mr. Hendry's continued employment with the company.

In parallel corporate developments, PennyMac Financial Services Inc. reported its first-quarter 2026 earnings results, which fell short of analyst expectations. The company reported earnings per share of $1.53, missing the forecasted $2.51 by 39.04%. Revenue also missed projections, totaling $544.98 million compared to the anticipated $567.09 million.

On the governance front, PennyMac Mortgage Investment Trust appointed Scott Sauer to its Board of Trustees. Sauer brings over 30 years of experience in the financial sector, including nearly two decades as an audit partner at Deloitte & Touche LLP. Additionally, PennyMac Financial Services welcomed Tiffany To to its Board of Directors. To serves as the CEO and Co-Founder of Ontollo and has previously held senior roles at Atlassian. These appointments are part of PennyMac’s ongoing efforts to strengthen its leadership team.

Risks

  • PennyMac Financial Services Inc. reported its first-quarter 2026 earnings, which fell short of analyst expectations. The company announced earnings per share of $1.53, missing the forecasted $2.51 by 39.04%. Revenue also did not meet projections, totaling $544.98 million compared to the anticipated $567.09 million.
  • The sale comes as PennyMac shares have declined 35% over the past six months, indicating potential market volatility or investor concern regarding the company's performance in the financial sector.

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