Andrew S. Chang

2021 - PennyMac Financial Services

In 2021, Andrew S. Chang earned a total compensation of $5.6M as Senior Managing Director and Chief Operating Officer at PennyMac Financial Services, a 10% increase compared to previous year.

Compensation breakdown

Non-Equity Incentive Plan$3,569,250
Option Awards$440,489
Salary$500,000
Stock Awards$1,014,927
Other$36,620
Total$5,561,286

Chang received $3.6M in non-equity incentive plan, accounting for 64% of the total pay in 2021.

Chang also received $440.5K in option awards, $500K in salary, $1M in stock awards and $36.6K in other compensation.

Rankings

In 2021, Andrew S. Chang's compensation ranked 2,303rd out of 12,405 executives tracked by ExecPay. In other words, Chang earned more than 81.4% of executives.

ClassificationRankingPercentile
All
2,303
out of 12,405
81st
Division
Finance, Insurance, And Real Estate
356
out of 2,278
84th
Major group
Non-depository Credit Institutions
14
out of 70
80th
Industry group
Mortgage Bankers And Brokers
5
out of 16
69th
Industry
Mortgage Bankers and Loan Correspondents
5
out of 16
69th

Pay ratio

Andrew S. Chang's Pay$5,561,286
Median Employee's Pay$70,939
Pay Ratio

78

to 1

In 2021, the annual total compensation of Andrew S. Chang was $5,561,286.

The annual total compensation of the median employee at PennyMac Financial Services was $70,939.

The ratio of Andrew S. Chang's pay to the pay of median employee was therefore 78 to one.

Source: SEC filing on April 13, 2022.

Chang's colleagues

We found four more compensation records of executives who worked with Andrew S. Chang at PennyMac Financial Services in 2021.

2021

David Spector

PennyMac Financial Services

Chief Executive Officer

2021

Doug Jones

PennyMac Financial Services

President and Chief Mortgage Banking Officer

2021

Vandad Fartaj

PennyMac Financial Services

Chief Investment Officer

2021

Daniel Perotti

PennyMac Financial Services

Chief Financial Officer

News

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