Gregory L. Hendry, serving as both Managing Director and Chief Accounting Officer at PennyMac Financial Services, Inc. (NASDAQ: PFSI), completed the sale of 2,943 shares of the company's common stock on June 22, 2026. The transaction resulted in a total value of $240,472. The execution price for these shares was recorded at $81.71 per share.
This sale activity followed the acquisition of an equivalent number of common stock shares through the exercise of stock options on the identical date. Mr. Hendry acquired these 2,943 shares at an exercise price of $18.05 per share, resulting in a total acquisition cost of $53,121. The insider sale was executed pursuant to a Rule 10b5-1 trading plan that Mr. Hendry adopted on March 20, 2026.
Following these transactions, Mr. Hendry's direct ownership in PennyMac Financial Services common stock stands at 48,968 shares. This reported holding includes 904 restricted stock units and 48,064 shares of common stock. The restricted stock units are scheduled to be settled in an equal number of common stock shares upon vesting. Mr. Hendry also continues to hold several nonstatutory stock options to purchase additional shares of PennyMac Financial Services common stock, with various exercise prices and vesting schedules extending through February 2036.
The reported insider activity occurs as PFSI shares trade at $83.35, a level near the company's 52-week low of $77.67. The stock has declined 37% over the past six months. Despite this market pressure, the company maintains a P/E ratio of 8.82. InvestingPro analysis suggests the stock is undervalued relative to its Fair Value, placing it among opportunities on the platform's Most Undervalued list.
In other recent developments, PennyMac Financial Services reported its first-quarter 2026 earnings, which fell short of analysts' expectations. The company announced earnings per share of $1.53, significantly below the forecasted $2.51, representing a 39.04% miss. Revenue also did not meet projections, totaling $544.98 million compared to the anticipated $567.09 million. These results have drawn attention from investors who closely monitor such financial disclosures.
Meanwhile, PennyMac Financial Services has added Tiffany To, CEO and Co-Founder of Ontollo, to its Board of Directors. In a separate development, PennyMac Mortgage Investment Trust appointed Scott Sauer to its Board of Trustees. Sauer brings over 30 years of financial sector experience, including nearly two decades as an audit partner at Deloitte & Touche LLP. These board appointments reflect ongoing changes in the company's leadership structure.