The estimated Net Worth of Michael T. Lavin is at least $3.86 Million dollars as of 17 May 2024. Mr. Lavin owns over 90,000 units of Consumer Portfolio Service stock worth over $853,200 and over the last 16 years he sold CPSS stock worth over $2,030,115. In addition, he makes $972,767 as Chief Operating Officer, Executive Vice President, and Chief Legal Officer at Consumer Portfolio Service.
Michael has made over 16 trades of the Consumer Portfolio Service stock since 2012, according to the Form 4 filled with the SEC. Most recently he exercised 90,000 units of CPSS stock worth $391,500 on 17 May 2024.
The largest trade he's ever made was exercising 242,000 units of Consumer Portfolio Service stock on 13 August 2013 worth over $336,380. On average, Michael trades about 27,723 units every 120 days since 2009. As of 17 May 2024 he still owns at least 90,000 units of Consumer Portfolio Service stock.
You can see the complete history of Mr. Lavin stock trades at the bottom of the page.
Michael T. Lavin serves as Chief Operating Officer, Executive Vice President, Chief Legal Officer of the Company. Prior to that, he was our Senior Vice President – General Counsel since March 2013, Senior Vice President and Corporate Counsel since May 2009 and our Vice President- Legal since joining the Company in November of 2001. Mr. Lavin was previously engaged as a law clerk and an associate with the San Diego based large law firm (now defunct) of Edwards, Sooy & Byron from 1996 through 2000 and then as an associate with the Orange County based firm of Trachtman & Trachtman from 2000 through 2001. Mr. Lavin also clerked for the San Diego District Attorney’s office and Orange County Public Defender’s office.
As the Chief Operating Officer, Executive Vice President, and Chief Legal Officer of Consumer Portfolio Service, the total compensation of Michael Lavin at Consumer Portfolio Service is $972,767. There are 2 executives at Consumer Portfolio Service getting paid more, with Charles Bradley having the highest compensation of $3,929,770.
Michael Lavin is 47, he's been the Chief Operating Officer, Executive Vice President, and Chief Legal Officer of Consumer Portfolio Service since 2019. There are 24 older and no younger executives at Consumer Portfolio Service. The oldest executive at Consumer Portfolio Service, Inc. is William Roberts, 82, who is the Independent Director.
Michael's mailing address filed with the SEC is 19500 JAMBOREE ROAD, , IRVINE, CA, 92612.
Over the last 21 years, insiders at Consumer Portfolio Service have traded over $66,617,936 worth of Consumer Portfolio Service stock and bought 2,342,632 units worth $14,069,284 . The most active insiders traders include Inc Citigroup, Charles E Jr Bradley, and Curve Capital Llcbrown Thom.... On average, Consumer Portfolio Service executives and independent directors trade stock every 17 days with the average trade being worth of $473,564. The most recent stock trade was executed by John Patrick Harton on 6 September 2024, trading 10,000 units of CPSS stock currently worth $90,000.
consumer portfolio services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories. we purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. we fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. our operational headquarters are located in irvine, california and we have four additional strategically located servicing branches in florida, illinois, nevada and virginia. since we began operations in 1991 and through june 2015, we have purchased over $11.8 billion in contracts. we currently service a total managed portfolio of approximately $1.8 billion with approximately 140,000 customers and 900 employees. we maintain dealer relationships in 48 states across the united states.
Consumer Portfolio Service executives and other stock owners filed with the SEC include: