PMT · PennyMac Mortgage Investment Trust · Executive Compensation

$7.87 +0.11 (+1.42%)

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$726.40M

87.20M

Volume · Oct 1 2.94M Avg daily vol (3M) 1.57M

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	—	$1,483,333	—	$5,437,444	$2,025,687	$3,608,250	$105,822	$12,660,536
Doug Jones	—	$1,298,958	—	$2,568,626	$956,938	$2,547,000	$116,488	$7,488,010
Daniel S. Perotti	—	$500,000	—	$1,499,942	$558,793	$1,251,000	$61,724	$3,871,459
Daniel Perotti	—	$500,000	—	$1,499,942	$558,793	$1,251,000	$61,724	$3,871,459
Derek W. Stark	—	$400,000	—	$862,416	$321,298	$909,000	$68,508	$2,561,222
Mark Elbaum	Senior Managing Director and Chief Capital Markets Officer	—	—	$299,978	—	—	—	$299,978

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Spector	—	$1,100,000	—	$4,706,226	$1,725,634	$2,965,086	$98,894	$10,595,840
Doug Jones	—	$700,000	—	$2,756,148	$1,010,634	$2,044,887	$85,962	$6,597,631
Daniel Perotti	—	$470,833	—	$1,274,969	$467,499	$1,145,137	$49,740	$3,408,178
Daniel S. Perotti	—	$470,833	—	$1,274,969	$467,499	$1,145,137	$49,740	$3,408,178
James Follette	—	$375,000	—	$899,918	$329,977	$797,506	$36,043	$2,438,444
Derek W. Stark	—	$400,000	—	$701,182	$257,106	$817,955	$49,690	$2,225,933
William Chang	Former Senior Managing Director and Chief Investment Officer	—	—	$499,986	—	—	—	$499,986

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Spector	Chairman and Chief Executive Officer and Trustee	—	—	$999,987	—	—	—	$999,987
William Chang	Former Senior Managing Director and Chief Investment Officer	—	—	$499,991	—	—	—	$499,991
Daniel Perotti	Senior Managing Director and Chief Financial Officer	—	—	$499,987	—	—	—	$499,987
Daniel S. Perotti	Senior Managing Director and Chief Financial Officer	—	—	$499,987	—	—	—	$499,987
Doug Jones	Trustee, President and Chief Mortgage Banking Officer	—	—	$499,987	—	—	—	$499,987
Vandad Fartaj	Former Senior Managing Director and Chief Investment Officer	—	—	$499,987	—	—	—	$499,987
Derek W. Stark	Senior Managing Director, Chief Legal Officer and Secretary	—	—	$174,980	—	—	—	$174,980

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Spector	Chairman and Chief Executive Officer and Trustee	—	—	$999,985	—	—	—	$999,985
Vandad Fartaj	Former Senior Managing Director and Chief Investment Officer	—	—	$499,977	—	—	—	$499,977
Doug Jones	Trustee, President and Chief Mortgage Banking Officer	—	—	$499,977	—	—	—	$499,977
Daniel Perotti	Senior Managing Director and Chief Financial Officer	—	—	$399,988	—	—	—	$399,988
Daniel S. Perotti	Senior Managing Director and Chief Financial Officer	—	—	$399,988	—	—	—	$399,988
Derek W. Stark	Senior Managing Director, Chief Legal Officer and Secretary	—	—	$174,984	—	—	—	$174,984

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Andrew S. Chang	—	$500,000	—	$1,014,927	$440,489	$3,569,250	$36,620	$5,561,286
Andrew Chang	—	$500,000	—	$1,014,927	$440,489	$3,569,250	$36,620	$5,561,286
David Spector	Chairman and Chief Executive Officer and Trustee	—	—	$999,981	—	—	—	$999,981
Vandad Fartaj	Former Senior Managing Director and Chief Investment Officer	—	—	$499,990	—	—	—	$499,990
Doug Jones	Trustee, President and Chief Mortgage Banking Officer	—	—	$449,972	—	—	—	$449,972
Daniel Perotti	Senior Managing Director and Chief Financial Officer	—	—	$299,975	—	—	—	$299,975
Daniel S. Perotti	Senior Managing Director and Chief Financial Officer	—	—	$299,975	—	—	—	$299,975

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Stanford L. Kurland	Executive Chairman of the Board of Trustees	$190,501	—	$1,091,988	—	—	—	$1,282,489
David Spector	Chairman and Chief Executive Officer and Trustee	—	—	$747,987	—	—	—	$747,987
Vandad Fartaj	Former Senior Managing Director and Chief Investment Officer	—	—	$299,981	—	—	—	$299,981
Doug Jones	Trustee, President and Chief Mortgage Banking Officer	—	—	$249,977	—	—	—	$249,977
Andrew S. Chang	Senior Managing Director and Chief Operating Officer	—	—	$249,977	—	—	—	$249,977
Andrew Chang	Senior Managing Director and Chief Operating Officer	—	—	$249,977	—	—	—	$249,977

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
Stanford L. Kurland	Executive Chairman of the Board of Trustees	—	—	$1,091,971	—	—	—	$1,091,971
David Spector	Chairman and Chief Executive Officer and Trustee	—	—	$747,969	—	—	—	$747,969
Vandad Fartaj	Senior Managing Director and Chief Investment Officer	—	—	$299,985	—	—	—	$299,985
Andrew S. Chang	Senior Managing Director and Chief Operating Officer	—	—	$249,973	—	—	—	$249,973
Doug Jones	President and Chief Mortgage Banking Officer	—	—	$249,973	—	—	—	$249,973
Andrew Chang	Senior Managing Director and Chief Operating Officer	—	—	$249,973	—	—	—	$249,973

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Stanford L. Kurland	Executive Chairman of the Board of Trustees	—	—	$1,091,967	—	—	—	$1,091,967
David Spector	President and Chief Executive Officer and Trustee	—	—	$747,988	—	—	—	$747,988
Vandad Fartaj	Senior Managing Director and Chief Investment Officer	—	—	$249,993	—	—	—	$249,993
Andrew Chang	Senior Managing Director and Chief Financial Officer	—	—	$249,993	—	—	—	$249,993
Andrew S. Chang	Senior Managing Director and Chief Financial Officer	—	—	$249,993	—	—	—	$249,993
Doug Jones	Senior Managing Director and Chief Mortgage Banking Officer	—	—	$249,993	—	—	—	$249,993

Executive changes

Person	Role	Change	Effective	Filed
Scott Sauer	Class III Trustee	Appointed	2026-06-15	2026-06-16
SiSi Pouraghabagher	independent Class III Trustee	Appointed	2024-06-12	2024-06-13
Donna Corley	independent Class I Trustee	Appointed	2023-06-01	2023-04-20
Doug Jones	Class III Trustee	Appointed	2023-03-07	2023-03-10
William Chang	Senior Managing Director and Chief Investment Officer	Appointed	2023-03-09	2023-03-09
Vandad Fartaj	Senior Managing Director and Chief Investment Officer	Resigned	2023-03-03	2023-03-09

Key facts CIK 1464423 CUSIP 70931T103 13F (30d) 8 filings 8 filers Visit website Investor relations