David Spector Biography and Net Worth



David A. Spector has been President and Chief Executive Officer of PennyMac Financial Services, Inc. (NYSE: PFSI) since January 2017, and he has been a member of PennyMac Financial’s board of directors since the company’s formation in January 2008. Previously, Mr. Spector served as PennyMac Financial’s President and Chief Operating Officer.

Mr. Spector also serves as President and Chief Executive Officer of PennyMac Mortgage Investment Trust (NYSE: PMT), and he has been a member of the PennyMac Mortgage Investment Trust board of directors since its formation in May 2009.

Prior to joining the company, 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 2006, Mr. Spector was the Senior Managing Director, Secondary Marketing, at Countrywide Financial Corporation, where he was employed from 1990 to 2006.

Mr. Spector earned a bachelor’s degree from the University of California, Los Angeles.

What is David A. Spector's net worth?

The estimated net worth of David A. Spector is at least $39.80 million as of October 31st, 2022. Mr. Spector owns 680,386 shares of PennyMac Financial Services stock worth more than $39,802,581 as of December 9th. This net worth estimate does not reflect any other assets that Mr. Spector may own. Additionally, Mr. Spector receives an annual salary of $9,940,000.00 as CEO at PennyMac Financial Services. Learn More about David A. Spector's net worth.

How old is David A. Spector?

Mr. Spector is currently 59 years old. There are 6 older executives and no younger executives at PennyMac Financial Services. Learn More on David A. Spector's age.

What is David A. Spector's salary?

As the CEO of PennyMac Financial Services, Inc., Mr. Spector earned a total compensation package of $13,575,224.00 in 2021. Mr. Spector earned a salary of $1,000,000.00, stock awards of $2,537,435.00, options awards of $1,101,254.00, non-equity compensation of $8,864,938.00, and other compensation of $71,597.00. Learn More on David A. Spector's salary.

How do I contact David A. Spector?

The corporate mailing address for Mr. Spector and other PennyMac Financial Services executives is 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA, 91361. PennyMac Financial Services can also be reached via phone at (818) 224-7442 and via email at [email protected] Learn More on David A. Spector's contact information.

Has David A. Spector been buying or selling shares of PennyMac Financial Services?

During the past quarter, David A. Spector has sold $2,209,466.40 in PennyMac Financial Services stock. Most recently, David Spector sold 40,735 shares of the business's stock in a transaction on Monday, October 31st. The shares were sold at an average price of $54.24, for a transaction totalling $2,209,466.40. Following the completion of the sale, the chief executive officer now directly owns 680,386 shares of the company's stock, valued at $36,904,136.64. Learn More on David A. Spector's trading history.

Who are PennyMac Financial Services' active insiders?

PennyMac Financial Services' insider roster includes Anne Mccallion (Director), Farhad Nanji (Director), and David Spector (CEO). Learn More on PennyMac Financial Services' active insiders.

Are insiders buying or selling shares of PennyMac Financial Services?

In the last year, PennyMac Financial Services insiders bought shares 4 times. They purchased a total of 370,982 shares worth more than $22,353,905.60. In the last year, insiders at the real estate investment trust sold shares 17 times. They sold a total of 257,367 shares worth more than $14,278,927.31. The most recent insider tranaction occured on November, 15th when Director Patrick Kinsella sold 2,500 shares worth more than $141,875.00. Insiders at PennyMac Financial Services own 18.0 % of the company. Learn More about insider trades at PennyMac Financial Services.

Information on this page was last updated on 11/15/2022.

David A. Spector Insider Trading History at PennyMac Financial Services

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
10/31/2022Sell40,735$54.24$2,209,466.40680,386View SEC Filing Icon  
8/10/2022Sell45,000$58.58$2,636,100.00680,386View SEC Filing Icon  
2/23/2022Sell15,000$57.23$858,450.00View SEC Filing Icon  
1/13/2022Sell15,000$69.52$1,042,800.00View SEC Filing Icon  
12/6/2021Sell15,000$69.22$1,038,300.00View SEC Filing Icon  
11/18/2021Sell15,000$62.28$934,200.00View SEC Filing Icon  
10/20/2021Sell15,000$67.51$1,012,650.00View SEC Filing Icon  
8/9/2021Sell15,000$68.34$1,025,100.00View SEC Filing Icon  
7/15/2021Sell15,000$59.36$890,400.00View SEC Filing Icon  
6/22/2021Sell15,000$62.98$944,700.00View SEC Filing Icon  
6/8/2021Sell15,000$61.99$929,850.00View SEC Filing Icon  
5/17/2021Sell15,000$60.94$914,100.00View SEC Filing Icon  
4/12/2021Sell15,000$58.62$879,300.00View SEC Filing Icon  
3/29/2021Sell15,000$65.88$988,200.00View SEC Filing Icon  
3/26/2021Sell15,000$64.78$971,700.00View SEC Filing Icon  
2/16/2021Sell15,000$66.84$1,002,600.00View SEC Filing Icon  
1/11/2021Sell15,000$57.25$858,750.00View SEC Filing Icon  
12/2/2020Sell15,000$59.60$894,000.00View SEC Filing Icon  
11/13/2020Sell30,000$56.34$1,690,200.00View SEC Filing Icon  
10/7/2020Sell15,000$59.76$896,400.00View SEC Filing Icon  
9/16/2020Sell15,000$58.45$876,750.00View SEC Filing Icon  
8/17/2020Sell15,000$49.35$740,250.00View SEC Filing Icon  
7/17/2020Sell15,000$43.54$653,100.001,295,977View SEC Filing Icon  
3/10/2020Sell6,040$36.42$219,976.80View SEC Filing Icon  
4/16/2019Sell39,940$22.60$902,644.00View SEC Filing Icon  
4/4/2018Sell67,829$23.02$1,561,423.58View SEC Filing Icon  
3/8/2018Sell9,233$24.45$225,746.85View SEC Filing Icon  
12/29/2017Sell10,416$22.31$232,380.96View SEC Filing Icon  
12/29/2017Sell10,416$22.31$232,380.96View SEC Filing Icon  
4/11/2017Sell15,624$16.51$257,952.24View SEC Filing Icon  
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David A. Spector Buying and Selling Activity at PennyMac Financial Services

This chart shows David Spector's buying and selling at PennyMac Financial Services by year and by quarter.

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PennyMac Financial Services Company Overview

PennyMac Financial Services logo
PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. It sources first-lien residential conventional and government-insured or guaranteed mortgage loans. The Servicing segment engages in the servicing of newly originated loans, and execution and management of early buyout transactions and servicing of loans. It performs loan administration, collection, and default management activities, including the collection and remittance of loan payments, response to customer inquiries, accounting for principal and interest, holding custodial funds for the payment of property taxes and insurance premiums, counseling delinquent borrowers, and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. PennyMac Financial Services, Inc. was founded in 2008 and is headquartered in Westlake Village, California.
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Today's Range

Now: $58.50
Low: $58.38
High: $59.77

50 Day Range

MA: $52.01
Low: $43.70
High: $59.66

2 Week Range

Now: $58.50
Low: $38.53
High: $71.52

Volume

208,493 shs

Average Volume

555,083 shs

Market Capitalization

$2.93 billion

P/E Ratio

5.59

Dividend Yield

1.34%

Beta

1.4