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Derek Stark Biography and Net Worth

Insider of PennyMac Financial Services

Derek W. Stark has been Senior Managing Director, Chief Legal Officer and Secretary of PennyMac Financial Services, Inc. (NYSE: PFSI) since February 2018. Mr. Stark is responsible for overseeing all of the company’s legal management, compliance and affairs, including securities, corporate governance and corporate transactions, and he serves as the primary legal contact with the company’s board of directors. He also serves as Senior Managing Director, Chief Legal Officer and Secretary of PennyMac Mortgage Investment Trust (NYSE: PMT). Mr. Stark previously served as the company’s Managing Director, General Counsel and Secretary, and he has served on the company’s senior management team since 2009. Prior to joining the company and after leaving private practice, Mr. Stark served in a variety of executive positions, including Executive Vice President and Deputy General Counsel, from 1999 to 2008, at Countrywide Financial Corporation. Mr. Stark earned a B.A. in Political Science from the University of California, Berkeley and a J.D. from Loyola Law School, Los Angeles.

What is Derek Stark's net worth?: The estimated net worth of Derek Stark is at least $2.78 million as of March 25th, 2024. Mr. Stark owns 27,084 shares of PennyMac Financial Services stock worth more than $2,782,068 as of November 20th. This net worth evaluation does not reflect any other investments that Mr. Stark may own. Learn More about Derek Stark's net worth.
How old is Derek Stark?: Mr. Stark is currently 56 years old. There are 6 older executives and no younger executives at PennyMac Financial Services. The oldest executive at PennyMac Financial Services is Mr. Douglas Edward Jones, President, Chief Mortgage Banking Officer & Director, who is 67 years old. Learn More on Derek Stark's age.
How do I contact Derek Stark?: The corporate mailing address for Mr. Stark 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 Derek Stark's contact information.
Has Derek Stark been buying or selling shares of PennyMac Financial Services?: Derek Stark has not been actively trading shares of PennyMac Financial Services during the last quarter. Most recently, Derek Stark sold 5,255 shares of the business's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $89.44, for a transaction totalling $470,007.20. Following the completion of the sale, the insider now directly owns 27,084 shares of the company's stock, valued at $2,422,392.96. Learn More on Derek Stark'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), 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 34 times. They sold a total of 514,723 shares worth more than $46,055,634.54. The most recent insider tranaction occured on November, 15th when CFO Daniel Stanley Perotti sold 10,500 shares worth more than $1,050,210.00. 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 11/15/2024.

Derek Stark Insider Trading History at PennyMac Financial Services

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/25/2024	Sell	5,255	$89.44	$470,007.20	27,084
6/1/2023	Sell	6,500	$61.52	$399,880.00	29,211
10/31/2022	Sell	7,500	$53.86	$403,950.00	46,820
8/8/2022	Sell	5,705	$56.62	$323,017.10	54,320
3/2/2022	Sell	7,222	$58.87	$425,159.14

Derek Stark 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: $102.72

$101.83

$104.92

50 Day Range

MA: $107.10

$99.39

$116.65

2 Week Range

Now: $102.72

$76.57

$119.13

Volume

233,339 shs

Average Volume

307,590 shs

Market Capitalization

$5.27 billion

P/E Ratio

32.61

Dividend Yield

1.14%

Beta

1.79

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