{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-036669","form_type":"8-K/A","ticker":"PFSI","cik":"0001745916","company_name":"PennyMac Financial Services, Inc.","filed_at":"2023-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.388955+00:00","generated_at":"2026-06-17T16:52:45.863102+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PennyMac finalizes separation with ex-CIO Fartaj; $1.525M cash severance plus equity vesting","bullets":["Vandad Fartaj (former Sr. MD & CIO) will receive $1,525,000 cash severance in two installments.","Fartaj retains vested stock options from 2020/2021 plus partial vesting of 2021-2022 PFSI/PMT equity awards.","2023 equity grants forfeited; unvested RSUs/PSUs vest on original schedule without continued service.","Agreement includes mutual non-disparagement, cooperation, and standard release of claims.","Fartaj's service ended March 17, 2023; earlier 8-K reported departure as of March 3."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-036669","json":"https://secwatch.observer/filing/0001104659-23-036669.json","markdown":"https://secwatch.observer/filing/0001104659-23-036669.md","text":"https://secwatch.observer/filing/0001104659-23-036669.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1745916/000110465923036669/0001104659-23-036669-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1745916/000110465923036669/tm2310448d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T16:52:45.863102+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a5cd8fb709","claim":"Vandad Fartaj departed as Senior Managing Director and Chief Investment Officer at PennyMac Financial Services, Inc..","evidence_excerpt":"Vandad Fartaj ceased serving as the Company’s Senior Managing Director and Chief Investment Officer on March 3, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1745916/000110465923036669/0001104659-23-036669-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Senior Managing Director and Chief Investment Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}