In 2023, David A. Spector earned $2.70M in total compensation at PennyMac Financial Services, Inc., including $1.00M salary and $1.63M bonus. Most recently sold 20,000 shares in Mar 2025. Currently holds stock worth $93.88M. 8+ years at the helm of PennyMac Financial Services, Inc..
Compensation History
Annual executive compensation data for David A. Spector, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.70M
Salary
$1.00M
Bonus
$1.63M
Other
$68.00K
Salary
$1.00MBoard Justification
The compensation philosophy emphasizes performance-based pay to align executive interests with those of shareholders, focusing on long-term value creation and competitive market practices.
Bonus
$1.63MBoard Justification
The bonus is based on annual performance targets, with 70% linked to return on equity (ROE) and 30% to strategic objectives. However, the actual payout for Fiscal 2023 was zero due to not meeting the minimum ROE threshold.
Other Compensation
$68.00KBoard Justification
Other compensation includes insurance premiums, tax and financial counseling, 401(k) contributions, and cell phone expenses.
Restricted Stock
Board Justification
No stock was vested in 2023 as the performance-based RSUs were not achieved due to the company's performance metrics not being met.
Performance Metrics
The performance metrics for determining the compensation included return on equity (ROE) and strategic objectives.
David A. Spector
CEO of PennyMac Financial Services, Inc.
Education
Bachelor of Arts from the University of California, Los Angeles
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
November 1, 1963 - 62 years ago
CEO of PennyMac Financial Services, Inc. for
8 years 11 months (Jan 2017 - Present)
Previous Experience
Executive Managing Director, President and Chief Operating Officer of PennyMac Financial Services, Inc.
Other PennyMac Financial Services, Inc. CEOs
Holdings
Track David A. Spector's stock holdings and portfolio value over time.
Total Stock Sold
$89.42M
$89.42M
1,263,089 PFSI shares
What if they kept their stock?
If David A. Spector didn't sell their stock, today they would have:
Extra PFSI1,263,089 shares worth $167.46M.
This is 87.27% and $78.04M more than what they got when they sold the stock.
Insider Trading
David A. Spector's recent stock transactions, purchases, and sales filed with the SEC.
$2.03M
PFSI at $101.65/share
Mar 6, 2025
Sale
$6.12M
PFSI at $102.58/share
Feb 27, 2025
Sale
35,622 shares
PFSI
Feb 14, 2025
Received
$995.85K
PFSI at $99.59/share
Jan 8, 2025
Sale
$12.46M
PFSI at $101.90/share
Dec 20, 2024
Sale
$1.17M
PFSI at $116.90/share
Sep 17, 2024
Sale
$991.60K
PFSI at $99.16/share
Aug 21, 2024
Sale
$920.20K
PFSI at $92.02/share
Jul 10, 2024
Sale
$905.65K
PFSI at $90.56/share
Jun 3, 2024
Sale
$931.58K
PFSI at $93.16/share
May 15, 2024
Sale
Rivals
Compare David A. Spector with competitor CEOs and industry peers.