Chief Servicing Officer Bailey Steven Richard sells 14.1K shares ($1.7M) at PFSI; post-sale holdings drop to 14.7K shares (-49.1%)
Chief Servicing Officer Bailey Steven Richard executed 2 separate sales totaling 14,130 shares for $1,651,574.18 on 2024-09-16, reducing his holdings from 28,800 shares to 14,670 shares—a 49.1% reduction. The blended average sale price of $116.88 is near the 52-week high of $116.58, and the stock has gained 17.2% over 30 days and 26.4% over 90 days from his sale point. The insider's prior sales at PFSI showed positive 90-day returns (averaging +8.6% to +10.2%), meaning his prior sales at this ticker have been poorly timed—he has consistently sold before subsequent gains. Against that backdrop, this substantial reduction in position comes as the stock approaches its 52-week high, offsetting the overall momentum with a meaningful liquidation.