PFSI · PennyMac Financial Services, Inc.

$78.03 -1.45 (-1.82%) At close · Aug 14

Market Cap

$4.05B

51.95M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Spector	CEO	$1,483,333	—	$5,437,444	$2,025,687	$3,608,250	$105,822	$12,660,536
David A. Spector	Chairman and Chief Executive Officer	$1,483,333	—	$5,437,444	$2,025,687	$3,608,250	$105,822	$12,660,536
Doug Jones	Director, President and Chief Mortgage Banking Officer	$1,298,958	—	$2,568,626	$956,938	$2,547,000	$116,488	$7,488,010
Daniel Perotti	SMD and Chief Financial Officer	$500,000	—	$1,499,942	$558,793	$1,251,000	$61,724	$3,871,459
James Follette	SMD and Chief Digital Officer	$463,542	—	$1,049,858	$391,142	$983,400	$63,935	$2,951,877
Derek W. Stark	SMD, Chief Legal Officer and Secretary	$400,000	—	$862,416	$321,298	$909,000	$68,508	$2,561,222

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Spector	CEO	$1,100,000	—	$4,706,226	$1,725,634	$2,965,086	$98,894	$10,595,840
David A. Spector	Chairman and Chief Executive Officer	$1,100,000	—	$4,706,226	$1,725,634	$2,965,086	$98,894	$10,595,840
Doug Jones	Director, President and Chief Mortgage Banking Officer	$700,000	—	$2,756,148	$1,010,634	$2,044,887	$85,962	$6,597,631
Daniel Perotti	SMD and Chief Financial Officer	$470,833	—	$1,274,969	$467,499	$1,145,137	$49,740	$3,408,178
James Follette	SMD and Chief Digital Officer	$375,000	—	$899,918	$329,977	$797,506	$36,043	$2,438,444
Derek W. Stark	SMD and Chief Legal Officer	$400,000	—	$701,182	$257,106	$817,955	$49,690	$2,225,933

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David A. Spector	Chairman and Chief Executive Officer	$1,000,000	—	$3,374,957	$1,184,278	$1,631,250	$67,998	$7,258,483
David Spector	CEO	$1,000,000	—	$3,374,957	$1,184,278	$1,631,250	$67,998	$7,258,483
Doug Jones	Director, President and Chief Mortgage Banking Officer	$600,000	—	$1,874,922	$657,935	$1,125,000	$61,750	$4,319,607
Daniel Perotti	SMD and Chief Financial Officer	$400,000	—	$937,400	$328,968	$630,000	$48,536	$2,344,904
James Follette	SMD and Chief Digital Officer	$375,000	—	$843,678	$296,050	$438,750	$35,351	$1,988,829
William Chang	Senior Managing Director and Chief Capital Markets Officer	$387,500	—	$749,851	$259,660	$450,000	$19,895	$1,866,906

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Spector	CEO	$1,000,000	—	$3,374,952	$1,214,140	$3,980,000	$101,959	$9,671,051
David A. Spector	Chairman and Chief Executive Officer	$1,000,000	—	$3,374,952	$1,214,140	$3,980,000	$101,959	$9,671,051
Doug Jones	Director, President and Chief Mortgage Banking Officer	$600,000	—	$1,874,936	$674,518	$2,750,000	$67,751	$5,967,205
Daniel Perotti	SMD and Chief Financial Officer	$400,000	—	$749,952	$269,811	$1,375,000	$58,878	$2,853,641
Vandad Fartaj	Senior Managing Director and Chief Investment Officer	$425,000	—	$862,496	$310,271	$1,100,000	$57,003	$2,754,770
James Follette	SMD and Chief Digital Officer	$355,208	—	$618,735	$222,594	$975,000	$34,397	$2,205,934

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David A. Spector	Chairman and Chief Executive Officer	$1,000,000	—	$2,537,435	$1,101,254	$8,864,938	$71,597	$13,575,224
David Spector	CEO	$1,000,000	—	$2,537,435	$1,101,254	$8,864,938	$71,597	$13,575,224
Doug Jones	Director, President and Chief Mortgage Banking Officer	$600,000	—	$1,399,924	$607,581	$4,879,000	$58,407	$7,544,912
Andrew Chang	Senior Managing Director and Chief Operating Officer	$500,000	—	$1,014,927	$440,489	$3,569,250	$36,620	$5,561,286
Vandad Fartaj	Senior Managing Director and Chief Investment Officer	$425,000	—	$804,951	$349,350	$3,389,250	$64,697	$5,033,248
Daniel Perotti	Senior Managing Director and Chief Financial Officer	$400,000	—	$612,452	$265,814	$2,409,500	$66,888	$3,754,654

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Spector	CEO	$1,000,000	$6,400,000	$1,688,936	$3,204,163	—	$82,229	$12,375,328
David A. Spector	Chairman and Chief Executive Officer	$1,000,000	$6,400,000	$1,688,936	$3,204,163	—	$82,229	$12,375,328
Doug Jones	Director, President and Chief Mortgage Banking Officer	$600,000	$4,000,000	$862,473	$1,308,503	—	$277,687	$7,048,663
Vandad Fartaj	Senior Managing Director and Chief Investment Officer	$400,000	$2,400,000	$674,993	$1,241,437	—	$362,128	$5,078,558
Andrew Chang	Senior Managing Director and Chief Operating Officer	$400,000	$2,400,000	$674,993	$1,291,451	—	$293,896	$5,060,340
Jeffrey P. Grogin	Senior Managing Director and Chief Enterprise Operations Officer	$350,000	$1,300,000	$506,219	$181,092	—	$26,694	$2,364,005

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Stanford L. Kurland	Executive Chairman of the Board of Directors	$900,000	$10,212,000	$2,966,283	$930,057	—	$62,454	$15,070,795
David A. Spector	Chairman and Chief Executive Officer	$900,000	$7,155,000	$1,526,128	$478,512	—	$64,617	$10,124,258
David Spector	CEO	$900,000	$7,155,000	$1,526,128	$478,512	—	$64,617	$10,124,258
Doug Jones	President and Chief Mortgage Banking Officer	$550,000	$4,340,000	$763,053	$239,256	—	$269,130	$6,161,439
Vandad Fartaj	Senior Managing Director and Chief Investment Officer	$350,000	$2,699,000	$618,725	$193,999	—	$345,096	$4,206,820
Chief Mortgage Banking	Officer VandadFartaj Senior Managing Director and Chief Investment Officer	$350,000	$2,699,000	$618,725	$193,999	—	$345,096	$4,206,820
Andrew Chang	Senior Managing Director and Chief Operating Officer	$325,000	$2,699,000	$612,606	$192,084	—	$283,860	$4,112,550

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Stanford L. Kurland	Executive Chairman of the Board of Directors	$1,000,000	$3,825,000	$2,999,980	$970,512	—	$73,828	$8,869,320
David Spector	CEO	$750,000	$2,900,000	$1,549,937	$501,411	—	$76,271	$5,777,619
David A. Spector	Chairman and Chief Executive Officer DougJones	$750,000	$2,900,000	$1,549,937	$501,411	—	$76,271	$5,777,619
Doug Jones	Senior Managing Director and	$500,000	$1,500,000	$774,968	$250,701	—	$291,726	$3,317,395
Vandad Fartaj	Senior Managing Director and Chief Investment Officer	$325,000	$1,050,000	$619,955	$200,564	—	$311,626	$2,507,146
Chief Mortgage Banking	Officer VandadFartaj Senior Managing Director and Chief Investment Officer	$325,000	$1,050,000	$619,955	$200,564	—	$311,626	$2,507,146
Andrew Chang	Senior Managing Director and Chief Operating Officer	$325,000	$832,500	$619,955	$200,564	—	$285,406	$2,263,426

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Stanford L. Kurland	Executive Chairman of the Board of Directors	$1,000,000	$4,250,000	$2,999,982	$990,304	—	$218,055	$9,458,341
David Spector	CEO	$741,667	$3,000,000	$1,566,578	$495,152	—	$174,603	$5,977,999
David A. Spector	President and Chief Executive Officer	$741,667	$3,000,000	$1,566,578	$495,152	—	$174,603	$5,977,999
Chief Mortgage Banking	Officer VandadFartaj Senior Managing Director and Chief Investment Officer	$448,958	$1,500,000	$783,280	$247,576	—	$327,210	$3,307,024
Andrew Chang	Senior Managing Director and Chief Financial Officer	$325,000	$925,000	$626,624	$198,055	—	$333,390	$2,408,069

Executive changes

Person	Role	Change	Effective	Filed
Tiffany To	member of the Board	Appointed	2026-06-05	2026-06-11
James K. Hunt	Director	Retired	2024-12-31	2024-09-06
Emily Youssouf	Director	Retired	2024-12-31	2024-09-06
Sunil Chandra	Director	Appointed	2024-09-04	2024-09-06
Theodore W. Tozer	Director	Appointed	2024-06-05	2024-06-06
Emily Youssouf	Director	Appointed	2024-06-05	2024-06-06
Lisa M. Shalett	Director	Appointed	2024-06-05	2024-06-06
Jeffrey A. Perlowitz	Director	Appointed	2024-06-05	2024-06-06
Farhad Nanji	Director	Appointed	2024-06-05	2024-06-06
Joseph Mazzella	Director	Appointed	2024-06-05	2024-06-06
Anne D. McCallion	Director	Appointed	2024-06-05	2024-06-06
Patrick Kinsella	Director	Appointed	2024-06-05	2024-06-06
Doug Jones	Director	Appointed	2024-06-05	2024-06-06
Jonathon S. Jacobson	Director	Appointed	2024-06-05	2024-06-06
James K. Hunt	Director	Appointed	2024-06-05	2024-06-06
David A. Spector	Director	Appointed	2024-06-05	2024-06-06
William Chang	Senior Managing Director and Chief Capital Markets Officer	Appointed	2023-03-09	2023-03-09
Doug Jones	director	Appointed	2023-03-01	2023-03-03

Key facts CIK 1745916 CUSIP 70932M107 13F (30d) 227 filings 223 filers Visit website Investor relations