PennyMac Insider Sells Over $93,000 in Shares

Derek Stark, a PennyMac Financial Services insider, sold 1,066 shares of the company's stock.

Mar. 4, 2026 at 3:21am

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PennyMac Financial Services, Inc. (NYSE:PFSI) insider Derek Stark sold 1,066 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $87.66, for a total transaction of $93,445.56. Following the sale, the insider owned 20,944 shares of the company's stock, valued at $1,835,951.04.

Why it matters

Insider transactions, such as stock sales, can provide insight into a company's performance and the sentiment of its leadership. This sale by a PennyMac insider represents a 4.84% decrease in their position, which could signal a change in their outlook on the company's prospects.

The details

Derek Stark, a PennyMac Financial Services insider, sold 1,066 shares of the company's stock on March 3rd. The shares were sold at an average price of $87.66, resulting in a total transaction value of $93,445.56. Following the sale, Stark still owns 20,944 shares of PennyMac stock, valued at $1,835,951.04.

  • The transaction occurred on Tuesday, March 3rd, 2026.

The players

Derek Stark

A PennyMac Financial Services insider who sold 1,066 shares of the company's stock.

PennyMac Financial Services, Inc.

A leading mortgage banking company based in Westlake Village, California.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

This insider sale by a PennyMac executive could signal a change in their outlook on the company's prospects, though the reasons behind the sale are not entirely clear. Investors will likely continue to monitor PennyMac's financial performance and any further insider transactions for clues about the company's future direction.