David Spector, Chairman and CEO of PennyMac Financial (NYSE:) Services, Inc. (NYSE:PFSI), a $4.92 billion market cap company, recently sold shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Spector sold a total of 5,000 shares on January 8, 2025. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with strong returns over both 5 and 10-year periods. The transactions were executed at prices ranging from $99.30 to $99.87 per share, amounting to a total value of approximately $496,919.
The sales were conducted automatically under a Rule 10b5-1 trading plan that Spector adopted on September 2, 2024. Following these transactions, Spector holds 165,604 shares indirectly through ST Family Investment Company LLC. Additionally, he directly owns 634,612 shares, which include 44,582 restricted stock…
