PennyMac Mortgage Investment Trust Chairman Stanford Kurland's 2018 pay slips 6% to $8.9M

PennyMac Mortgage Investment Trust reports 2018 executive compensation

By ExecPay News

Published: April 22, 2019

PennyMac Mortgage Investment Trust reported fiscal year 2018 executive compensation information on April 22, 2019.

In 2018, five executives at PennyMac Mortgage Investment Trust received on average a compensation package of $4.5M, a 4% decrease compared to previous year.

Average pay of disclosed executives at PennyMac Mortgage Investment Trust

Stanford L. Kurland, Chairman, received $8.9M in total, which decreased by 6% compared to 2017. 43% of Kurland's compensation, or $3.8M, was in bonus. Kurland also received $971K in option awards, $1M in salary, $3M in stock awards, as well as $74K in other compensation.

David A. Spector, Chief Executive Officer, received a compensation package of $5.8M, which decreased by 3% compared to previous year. 50% of the compensation package, or $2.9M, was in bonus.

Doug Jones, Senior Managing Director and Chief Mortgage Banking Officer, earned $3.3M in 2018, which is about the same as previous year.

Vandad Fartaj, Chief Investment Officer, received $2.5M in 2018, which increases by 4% compared to 2017.

Andrew S. Chang, Chief Financial Officer, earned $2.3M in 2018, a 6% decrease compared to previous year.