The estimated Net Worth of David Spector is at least $76 Million dollars as of 21 August 2024. Mr. Spector owns over 10,000 units of Pennymac Mortgage Investment Trust stock worth over $2,906,335 and over the last 15 years he sold PMT stock worth over $62,941,746. In addition, he makes $10,124,300 as President, Chief Executive Officer, and Trustee at Pennymac Mortgage Investment Trust.
David has made over 90 trades of the Pennymac Mortgage Investment Trust stock since 2013, according to the Form 4 filled with the SEC. Most recently he sold 10,000 units of PMT stock worth $993,100 on 21 August 2024.
The largest trade he's ever made was exercising 77,902 units of Pennymac Mortgage Investment Trust stock on 2 April 2018 worth over $1,075,048. On average, David trades about 14,520 units every 31 days since 2009. As of 21 August 2024 he still owns at least 210,604 units of Pennymac Mortgage Investment Trust stock.
You can see the complete history of Mr. Spector stock trades at the bottom of the page.
David A. Spector serves as President, Chief Executive Officer, Trustee of the Company. Mr. Spector has been a member of our Board since our formation in May 2009 and has been our President and Chief Executive Officer since January 2017. He served as our executive managing director, president and chief operating officer from February 2016 through December 2016 and, prior thereto, as president and chief operating officer since May 2009. He also has been the president and chief executive officer of PFSI since January 2017 and, prior thereto, had been executive managing director, president and chief operating officer of PFSI since February 2016. Prior thereto, Mr. Spector had been president and chief operating officer of PFSI from February 2013 to February 2016. Mr. Spector also has been the president and chief executive officer of PNMAC since January 2017 and, prior thereto, served in a variety of executive positions at PNMAC from January 2008 through December 2016. In addition, Mr. Spector has been a member of the board of PFSI since its formation. Prior to joining PNMAC, Mr. Spector was co-head of global residential mortgages for Morgan Stanley, a global financial services firm, based in London. Before joining Morgan Stanley in September 2006, Mr. Spector was the senior managing director, secondary marketing, at Countrywide, where he was employed from May 1990 to August 2006. Mr. Spector holds a BA from the University of California, Los Angeles.
As the President, Chief Executive Officer, and Trustee of Pennymac Mortgage Investment Trust, the total compensation of David Spector at Pennymac Mortgage Investment Trust is $10,124,300. There are 1 executives at Pennymac Mortgage Investment Trust getting paid more, with Stanford Kurland having the highest compensation of $15,070,800.
David Spector is 57, he's been the President, Chief Executive Officer, and Trustee of Pennymac Mortgage Investment Trust since 2017. There are 14 older and 7 younger executives at Pennymac Mortgage Investment Trust. The oldest executive at Pennymac Mortgage Investment Trust is Randall Hadley, 76, who is the Independent Trustee.
David's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361.
Over the last 15 years, insiders at Pennymac Mortgage Investment Trust have traded over $17,384,275 worth of Pennymac Mortgage Investment Trust stock and bought 347,317 units worth $4,024,452 . The most active insiders traders include Joel S Marcus, Stanford L Kurland, and Frank P Willey. On average, Pennymac Mortgage Investment Trust executives and independent directors trade stock every 17 days with the average trade being worth of $80,702. The most recent stock trade was executed by Doug Jones on 3 September 2024, trading 37,010 units of PMT stock currently worth $518,510.
pennymac mortgage investment trust, a specialty finance company, invests primarily in mortgage-related assets in the united states. the company operates through credit sensitive strategies, interest rate sensitive strategies, and correspondent production segments. its credit sensitive strategies segment invests in credit risk transfer (crt) agreements, including firm commitment to purchase crt securities, distressed loans, real estate, and non-agency subordinated bonds. the company's interest rate sensitive strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mbs; and related interest rate hedging activities. its correspondent production segment engages in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of mortgage-backed securities (mbs). pnmac capital management, llc acts as the manager of pennymac mortgage investment trust. the company qualifies as a
Pennymac Mortgage Investment Trust executives and other stock owners filed with the SEC include: