February 29, 2024 · Form 4 insider transaction
White Donald J. bought 2,426 shares of PENNYMAC CORP at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on February 25, 2021 and vested on February 29, 2024, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Common Stock pursuant to the PSU award was determined based on return on equity and leverage ratio performance for the period January 1, 2021 through December 31, 2023 resulting in a payout percentage for the award of 114.3%.