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David Spector Biography and Net Worth

CEO & Chairman of PennyMac Financial Services

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 $17.34 million as of December 4th, 2024. Mr. Spector owns 170,604 shares of PennyMac Financial Services stock worth more than $17,343,603 as of December 21st. This net worth estimate does not reflect any other assets that Mr. Spector may own. Additionally, Mr. Spector receives an annual salary of $2,700,000.00 as CEO & Chairman at PennyMac Financial Services. Learn More about David A. Spector's net worth.
How old is David A. Spector?: Mr. Spector is currently 61 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 & Chairman of PennyMac Financial Services, Inc., Mr. Spector earns $2,700,000.00 per year. 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?: Over the course of the past ninety days, David A. Spector has sold $3,175,600.00 in shares of PennyMac Financial Services stock. Most recently, David Spector sold 10,000 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $104.95, for a transaction totalling $1,049,500.00. Following the completion of the sale, the chief executive officer now directly owns 170,604 shares of the company's stock, valued at $17,904,889.80. Learn More on David A. Spector's trading history.
Who are PennyMac Financial Services' active insiders?: PennyMac Financial Services' insider roster includes Steven Bailey (Insider), William Chang (Senior Managing Director and Chief Investment Officer), Vandad Fartaj (CIO), James Follette (SENIOR MANAGING DIRECTOR AND CHIEF MORTGAGE OPERATIONS OFFICER), Gregory Hendry (CAO), James Hunt (Director), Doug Jones (Director), Patrick Kinsella (Director), Joseph Mazzella (Director), Anne Mccallion (Director), Farhad Nanji (Director), Daniel Perotti (CFO), David Spector (CEO & Chairman), Derek Stark (Insider), and Donald White (Senior Managing Director and Chief Risk Officer). Learn More on PennyMac Financial Services' active insiders.
Are insiders buying or selling shares of PennyMac Financial Services?: In the last year, insiders at the real estate investment trust sold shares 25 times. They sold a total of 314,054 shares worth more than $30,084,972.84. The most recent insider tranaction occured on December, 4th when CEO David Spector sold 10,000 shares worth more than $1,049,500.00. Insiders at PennyMac Financial Services own 16.6% of the company. Learn More about insider trades at PennyMac Financial Services.
Information on this page was last updated on 12/4/2024.

David A. Spector Insider Trading History at PennyMac Financial Services

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
12/4/2024	Sell	10,000	$104.95	$1,049,500.00	170,604
11/12/2024	Sell	10,000	$105.04	$1,050,400.00	180,604
10/14/2024	Sell	10,000	$107.57	$1,075,700.00	190,604
9/17/2024	Sell	10,000	$116.79	$1,167,900.00	200,604
8/21/2024	Sell	10,000	$99.31	$993,100.00	210,604
7/10/2024	Sell	10,000	$92.06	$920,600.00	220,604
6/3/2024	Sell	10,000	$90.56	$905,600.00	230,604
5/15/2024	Sell	10,000	$93.16	$931,600.00	240,604
4/9/2024	Sell	10,000	$90.72	$907,200.00	250,604
3/11/2024	Sell	26,451	$86.05	$2,276,108.55	647,938
2/20/2024	Sell	15,000	$87.18	$1,307,700.00	270,604
1/16/2024	Sell	15,000	$84.43	$1,266,450.00	285,604
12/8/2023	Sell	72,301	$79.98	$5,782,633.98	650,183
12/1/2023	Sell	15,000	$78.30	$1,174,500.00	300,604
11/8/2023	Sell	15,000	$71.47	$1,072,050.00	315,604
10/2/2023	Sell	15,000	$65.82	$987,300.00	330,604
9/20/2023	Sell	15,000	$69.23	$1,038,450.00	345,604
8/7/2023	Sell	15,000	$76.28	$1,144,200.00	360,604
7/18/2023	Sell	15,000	$77.32	$1,159,800.00	375,604
6/13/2023	Sell	15,000	$68.10	$1,021,500.00	390,604
5/17/2023	Sell	15,000	$61.96	$929,400.00	405,604
4/4/2023	Sell	15,000	$59.71	$895,650.00	420,604
3/7/2023	Sell	15,000	$61.69	$925,350.00	435,604
3/1/2023	Sell	26,169	$60.64	$1,586,888.16	650,183
2/27/2023	Sell	15,000	$60.80	$912,000.00	450,604
12/12/2022	Sell	12,750	$58.12	$741,030.00	667,636
10/31/2022	Sell	40,735	$54.24	$2,209,466.40	680,386
8/10/2022	Sell	45,000	$58.58	$2,636,100.00	680,386
2/23/2022	Sell	15,000	$57.23	$858,450.00
1/13/2022	Sell	15,000	$69.52	$1,042,800.00
12/6/2021	Sell	15,000	$69.22	$1,038,300.00
11/18/2021	Sell	15,000	$62.28	$934,200.00
10/20/2021	Sell	15,000	$67.51	$1,012,650.00
8/9/2021	Sell	15,000	$68.34	$1,025,100.00
7/15/2021	Sell	15,000	$59.36	$890,400.00
6/22/2021	Sell	15,000	$62.98	$944,700.00
6/8/2021	Sell	15,000	$61.99	$929,850.00
5/17/2021	Sell	15,000	$60.94	$914,100.00
4/12/2021	Sell	15,000	$58.62	$879,300.00
3/29/2021	Sell	15,000	$65.88	$988,200.00
3/26/2021	Sell	15,000	$64.78	$971,700.00
2/16/2021	Sell	15,000	$66.84	$1,002,600.00
1/11/2021	Sell	15,000	$57.25	$858,750.00
12/2/2020	Sell	15,000	$59.60	$894,000.00
11/13/2020	Sell	30,000	$56.34	$1,690,200.00
10/7/2020	Sell	15,000	$59.76	$896,400.00
9/16/2020	Sell	15,000	$58.45	$876,750.00
8/17/2020	Sell	15,000	$49.35	$740,250.00
7/17/2020	Sell	15,000	$43.54	$653,100.00	1,295,977
3/10/2020	Sell	6,040	$36.42	$219,976.80
4/16/2019	Sell	39,940	$22.60	$902,644.00
4/4/2018	Sell	67,829	$23.02	$1,561,423.58
3/8/2018	Sell	9,233	$24.45	$225,746.85
12/29/2017	Sell	10,416	$22.31	$232,380.96
12/29/2017	Sell	10,416	$22.31	$232,380.96
4/11/2017	Sell	15,624	$16.51	$257,952.24

David A. Spector Buying and Selling Activity at PennyMac Financial Services

PennyMac Financial Services Company Overview

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. This segment sources residential conventional and government-insured or guaranteed mortgage loans through correspondent production, consumer direct lending, and broker direct lending. The Servicing segment performs loan servicing for both newly originated loans that are under holding for sale and loans services for others. The segment performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; responds to customer inquiries; provides accounting for principal and interest; holds custodial funds for the payment of property taxes and insurance premiums; counsels 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. The company was founded in 2008 and is headquartered in Westlake Village, California.

Today's Range

Now: $101.66

$98.75

$102.69

50 Day Range

MA: $104.39

$99.39

$110.92

2 Week Range

Now: $101.66

$81.93

$119.13

Volume

598,183 shs

Average Volume

258,052 shs

Market Capitalization

$5.21 billion

P/E Ratio

32.27

Dividend Yield

1.16%

Beta

1.78

WARNING: “Buffett Indicator” flashing for first time in 50 years

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Take these 4 steps today to protect your retirement NOW

David Spector Biography and Net Worth

What is David A. Spector's net worth?

How old is David A. Spector?

What is David A. Spector's salary?

How do I contact David A. Spector?

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

Who are PennyMac Financial Services' active insiders?

Are insiders buying or selling shares of PennyMac Financial Services?