PennyMac Mortgage Investment Trust Chairman Stanford Kurland's 2019 pay jumps 70% to $15M

PennyMac Mortgage Investment Trust reports 2019 executive compensation

By ExecPay News

Published: April 3, 2020

PennyMac Mortgage Investment Trust reported fiscal year 2019 executive compensation information on April 3, 2020.

In 2019, five executives at PennyMac Mortgage Investment Trust received on average a compensation package of $7.9M, a 75% increase compared to previous year.

Average pay of disclosed executives at PennyMac Mortgage Investment Trust

Stanford L. Kurland, Chairman, received $15M in total, which increased by 70% compared to 2018. 68% of Kurland's compensation, or $10M, was in bonus. Kurland also received $930K in option awards, $900K in salary, $3M in stock awards, as well as $62K in other compensation.

David A. Spector, Chief Executive Officer, received a compensation package of $10M, which increased by 75% compared to previous year. 71% of the compensation package, or $7.2M, was in bonus.

Doug Jones, Senior Managing Director and Chief Mortgage Banking Officer, earned $6.2M in 2019, a 86% increase compared to previous year.

Vandad Fartaj, Chief Investment Officer, received $4.2M in 2019, which increases by 68% compared to 2018.

Andrew S. Chang, Chief Financial Officer, earned $4.1M in 2019, a 82% increase compared to previous year.