Andrew S. Chang

2020 - PennyMac Financial Services

In 2020, Andrew S. Chang earned a total compensation of $5.1M as Senior Managing Director and Chief Operating Officer at PennyMac Financial Services, a 23% increase compared to previous year.

Compensation breakdown

Bonus$2,400,000
Option Awards$1,291,451
Salary$400,000
Stock Awards$674,993
Other$293,896
Total$5,060,340

Chang received $2.4M in bonus, accounting for 47% of the total pay in 2020.

Chang also received $1.3M in option awards, $400K in salary, $675K in stock awards and $293.9K in other compensation.

Rankings

In 2020, Andrew S. Chang's compensation ranked 2,182nd out of 13,090 executives tracked by ExecPay. In other words, Chang earned more than 83.3% of executives.

ClassificationRankingPercentile
All
2,182
out of 13,090
83rd
Division
Finance, Insurance, And Real Estate
366
out of 2,551
86th
Major group
Non-depository Credit Institutions
15
out of 66
77th
Industry group
Mortgage Bankers And Brokers
10
out of 14
29th
Industry
Mortgage Bankers and Loan Correspondents
10
out of 14
29th

Pay ratio

Andrew S. Chang's Pay$5,060,340
Median Employee's Pay$73,076
Pay Ratio

69

to 1

In 2020, the annual total compensation of Andrew S. Chang was $5,060,340.

The annual total compensation of the median employee at PennyMac Financial Services was $73,076.

The ratio of Andrew S. Chang's pay to the pay of median employee was therefore 69 to one.

Source: SEC filing on April 14, 2021.

Chang's colleagues

We found four more compensation records of executives who worked with Andrew S. Chang at PennyMac Financial Services in 2020.

2020

David Spector

PennyMac Financial Services

Chief Executive Officer

2020

Doug Jones

PennyMac Financial Services

President and Chief Mortgage Banking Officer

2020

Vandad Fartaj

PennyMac Financial Services

Chief Investment Officer

2020

Jeffrey Grogin

PennyMac Financial Services

Senior Managing Director and Chief Enterprise Operations Officer

News

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