Arthur Penn, born in 1972, holds a B.A. in Finance from the University of Pennsylvania. He currently serves as the CEO of PennantPark Floating Rate Capital Ltd. and has been in that role since early June 2021. Prior to his...

Arthur Penn, born in 1972, holds a B.A. in Finance from the University of Pennsylvania. He currently serves as the CEO of PennantPark Floating Rate Capital Ltd. and has been in that role since early June 2021. Prior to his current position, he worked at Pennant Investment. One interesting thing about Arthur's compensation is that he has not received any direct salary, bonuses, or stock options in recent years. This aligns with the company's governance philosophy, which does not award incentive-based compensation to its executives. Instead, the company compensates its executives through its Investment Adviser and Administrator structure. Despite not taking a salary, his involvement in insider trading shows significant financial engagement—reported trades approached up to $13.79 million recently. His steady and consistent trading history suggests confidence in the company’s growth and direction. Arthur's expertise in finance plays a vital role in guiding the company through the fluctuations of the market, and his leadership continues to shape the financial landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

P

Arthur Penn

CEO of PennantPark Floating Rate Capital

Education

B.A. in Finance from the University of Pennsylvania

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1972 - 53 years ago

CEO of PennantPark Floating Rate Capital for

3 years 11 months (Jun 2021 - Present)

Previous Experience

Senior Partner at PennantPark Investment Advisers, LLC

Rivals

Competitors/colleagues of Arthur Penn

A

R. Kipp deVeer

CEO of Ares Capital

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$187.28M

O

Armen Panossian

CEO of Oaktree Specialty Lending

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$201.44K

S

Joshua Easterly

CEO of Sixth Street Specialty Lending

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$1.12M

G

David Gladstone

Founder and CEO of Gladstone Capital

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$23.86M

M

Dwayne L. Hyzak

CEO of Main Street Capital

2023 Compensation

Stock

$2.13M

Salary

$691.25K

Bonus

$3.60M

Other

$249.19K

Total Holdings

$29.85M

N

John R. Kline

CEO of New Mountain Finance

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$2.81M

Holdings

See how much did Arthur Penn make over time.

Arthur Penn has a significant history of trading in his company's stocks. Between 2019 and 2023, he executed trades with values ranging from $5.48 million to as high as $13.79 million. Fluctuations in his trading over the years indicate a...

Arthur Penn has a significant history of trading in his company's stocks. Between 2019 and 2023, he executed trades with values ranging from $5.48 million to as high as $13.79 million. Fluctuations in his trading over the years indicate a strong belief in the company’s potential amid varying market conditions. For example, in March 2021, he hit a high of $11.51 million, and recently in April 2024, his trades reached $13.79 million. In September 2023, his holdings were valued at $12.22 million, showing stability in his investments. This consistent trading pattern, combined with a substantial amount of trading activity, highlights how Arthur is actively managing his wealth while showing commitment to his work at PennantPark.

Insider Trading

See recent insider trades of Arthur Penn.

PNNT

$134.22K

PNNT at $5.59/share

May 18, 2023

Purchase

PNNT

$127.27K

PNNT at $5.53/share

May 17, 2023

Purchase

PNNT

$113.84K

PNNT at $5.42/share

May 16, 2023

Purchase

PNNT

$134.16K

PNNT at $5.37/share

May 15, 2023

Purchase

PNNT

$155.23K

PNNT at $5.75/share

Feb 17, 2023

Purchase

PNNT

$143.20K

PNNT at $5.73/share

Feb 13, 2023

Purchase

PNNT

$168.42K

PNNT at $5.61/share

Feb 10, 2023

Purchase

PNNT

$80.15K

PNNT at $2.50/share

Mar 20, 2020

Purchase

PFLT

$95.08K

PFLT at $4.32/share

Mar 20, 2020

Purchase

PFLT

$68.02K

PFLT at $4.17/share

Mar 19, 2020

Purchase

Compensation History

See how much did Arthur Penn make over time.

Arthur Penn's total compensation over the last few years has been notably $0. The company operates under a structure where executives do not receive direct salary, bonuses, or stock options. This is part of a governance philosophy that aligns with its regulatory requirements. In 2023 and 2022, he did not receive any compensation due to his role as an interested director, meaning he's focused primarily on the company's broader strategies rather than on personal profit through executive pay. While some might find it unusual, his approach shows a commitment to the company and its mission rather than personal financial gain. This unique position may resonate well with investors who prioritize long-term growth and value alignment in leadership.

Year

2023

Total Compensation

$0.00

Salary

$0.00

Board Justification

The company does not pay or otherwise award incentive-based compensation to its executives, which aligns with its governance structure and regulatory requirements.

Bonus

$0.00

Board Justification

No bonus was awarded to the CEO for the year 2023 as the company does not pay or otherwise award incentive-based compensation to its executives.

Other

$0.00

Board Justification

No other compensation was paid to the CEO in 2023 as the company does not directly compensate its executive officers.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the company does not directly compensate its executive officers.

Performance Metrics

The CEO's compensation is not determined by performance metrics as the company does not directly compensate its executive officers.