PennyMac Mortgage Investment Trust Management

Management criteria checks 4/4

PennyMac Mortgage Investment Trust's CEO is David Spector, appointed in Jan 2017, has a tenure of 7.83 years. directly owns 0.28% of the company’s shares, worth €3.00M. The average tenure of the management team and the board of directors is 3.8 years and 7.8 years respectively.

Key information

David Spector

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage	n/a
CEO tenure	7.8yrs
CEO ownership	0.3%
Management average tenure	3.8yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO

David Spector (61 yo)

7.8yrs

Tenure

US$999,987

Compensation

Mr. David A. Spector has been the Chief Executive Officer of PennyMac Financial Services, Inc. since January 1, 2017. He served as President at PennyMac Financial Services, Inc. since February 2013 to Febr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Spector	Chairman of the Board & CEO	7.8yrs	US$999.99k	0.28% € 3.0m
Douglas Jones	President	3.7yrs	US$499.99k	0.016% € 175.8k
Daniel Perotti	Senior MD & CFO	3.8yrs	US$499.99k	0.093% € 1.0m
Derek Stark	Senior MD	6.8yrs	US$174.98k	0.034% € 370.5k
Mark Elbaum	Chief Investment Officer	less than a year	no data	no data
Gregory Hendry	Chief Accounting Officer	no data	no data	no data
Kevin Chamberlain	Executive Vice President of Investor Relations	3.8yrs	no data	no data
James Follette	Senior MD & Chief Digital Officer	2.1yrs	no data	0.0089% € 96.8k
Scott Bridges	Senior Managing Director of Consumer Direct Lending Division	no data	no data	no data
Pamela Marsh	MD & Treasurer	no data	no data	no data
Isaac Garden	First Vice President of Investor Relations	no data	no data	no data

3.8yrs

Average Tenure

61yo

Average Age

Experienced Management: 8PM's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Spector	Chairman of the Board & CEO	15.5yrs	US$999.99k	0.28% € 3.0m
Douglas Jones	President	1.7yrs	US$499.99k	0.016% € 175.8k
Setareh Pouraghabagher	Independent Director	less than a year	no data	no data
Stacey Stewart	Independent Trustee	15.3yrs	US$223.03k	0.051% € 553.6k
Catherine Lynch	Independent Trustee	2.6yrs	US$216.79k	0.035% € 376.0k
Scott Carnahan	Independent Trustee	15.3yrs	US$230.78k	0.084% € 919.4k
Nancy McAllister	Independent Trustee	12yrs	US$231.51k	0.084% € 909.9k
Preston DuFauchard	Lead Independent Trustee	12yrs	US$250.03k	0.051% € 555.5k
Donna Corley	Independent Board of Trustee	1.4yrs	US$147.73k	no data
Renee Schultz	Independent Trustee	3.5yrs	US$227.54k	0.020% € 217.9k

7.8yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 8PM's board of directors are considered experienced (7.8 years average tenure).

PennyMac Mortgage Investment Trust Management

Management criteria checks 4/4

Key information

Recent management updates

Pennymac Mortgage Investment Trust Announces Management Changes

President recently sold €470k worth of stock

Pennymac Mortgage Investment Trust Elects Sisi Pouraghabagher as an Independent Class III Trustee

PennyMac Mortgage Investment Trust, Annual General Meeting, Jun 12, 2024

Independent Trustee recently sold €490k worth of stock

President recently sold €145k worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.59 in 3Q 2023)

PennyMac Mortgage Investment Trust to Report Q3, 2024 Results on Oct 22, 2024

Upcoming dividend of US$0.40 per share

Pennymac Mortgage Investment Trust Announces Management Changes

Second quarter dividend of US$0.40 announced

PennyMac Mortgage Investment Trust Declares Cash Dividend for the Third Quarter of 2024, Payable on October 25, 2024

President recently sold €470k worth of stock

New major risk - Financial position

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: US$0.17 (vs US$0.16 in 2Q 2023)

PennyMac Mortgage Investment Trust to Report Q2, 2024 Results on Jul 23, 2024

Upcoming dividend of US$0.40 per share

First quarter dividend of US$0.40 announced

PennyMac Mortgage Investment Trust has filed a Follow-on Equity Offering in the amount of $200 million.

Pennymac Mortgage Investment Trust Elects Sisi Pouraghabagher as an Independent Class III Trustee

First quarter 2024 earnings released: EPS: US$0.43 (vs US$0.56 in 1Q 2023)

PennyMac Mortgage Investment Trust, Annual General Meeting, Jun 12, 2024

Fourth quarter dividend of US$0.40 announced

Pennymac Mortgage Investment Trust Declares First Quarter 2024 Dividend for Its Common Shares, Payable on April 26, 2024

Full year 2023 earnings released: EPS: US$1.80 (vs US$1.26 loss in FY 2022)

Full year 2023 earnings released: EPS: US$1.81 (vs US$1.26 loss in FY 2022)

PennyMac Mortgage Investment Trust to Report Q4, 2023 Results on Feb 01, 2024

Upcoming dividend of US$0.40 per share at 10% yield

Independent Trustee recently sold €490k worth of stock

PennyMac Mortgage Investment Trust Declares Cash Dividend for the Fourth Quarter of 2023, Payable on January 26, 2024

Investor sentiment improves as stock rises 18%

Third quarter 2023 earnings released: EPS: US$0.59 (vs US$0.015 in 3Q 2022)

PennyMac Mortgage Investment Trust to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.40 per share at 14% yield

Pennymac Mortgage Investment Trust Declares Cash Dividend for the Third Quarter of 2023, Payable on October 27, 2023

PennyMac Mortgage Investment Trust (NYSE:PMT) entered into an agreement to acquire Mortgage Servicing Rights (MSR) portfolio totaling $1.4 billion in Unpaid Principal Balance (UPB).

PennyMac Mortgage Investment Trust (NYSE:PMT) entered into an agreement to acquire Mortgage Servicing Rights (MSR) portfolio totaling $1.4 billion in Unpaid Principal Balance (UPB).

Second quarter 2023 earnings released: EPS: US$0.16 (vs US$0.88 loss in 2Q 2022)

PennyMac Mortgage Investment Trust to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.40 per share at 12% yield

PennyMac Mortgage Investment Trust(NYSE:PMT) dropped from Russell 2000 Defensive Index

PennyMac Mortgage Investment Trust Declares Second Quarter 2023 Dividend, Payable on July 28, 2023

President recently sold €145k worth of stock

First quarter 2023 earnings released: EPS: US$0.57 (vs US$0.32 loss in 1Q 2022)

Upcoming dividend of US$0.40 per share at 13% yield

Key Executive recently sold €222k worth of stock

Independent Trustee recently bought €267k worth of stock

Full year 2022 earnings released: US$1.26 loss per share (vs US$0.26 profit in FY 2021)

PennyMac Mortgage Investment Trust to Report Q4, 2022 Results on Feb 02, 2023

Independent Trustee recently bought €58k worth of stock

Upcoming dividend of US$0.40 per share

PennyMac Mortgage Investment Trust Declares Fourth Quarter 2022 Dividend for Its Common Shares, Payable on January 27, 2023

Third quarter 2022 earnings released: EPS: US$0.016 (vs US$0.45 loss in 3Q 2021)

PennyMac Mortgage Investment Trust to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.47 per share

PennyMac Mortgage Investment Trust Declares Cash Dividend of Common Shares for the Third Quarter of 2022, Payable on October 28, 2022

Chairman of the Board & CEO recently bought €275k worth of stock

Second quarter 2022 earnings released: US$0.88 loss per share (vs US$0.32 profit in 2Q 2021)

PennyMac Mortgage Investment Trust to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of US$0.47 per share

PennyMac Mortgage Investment Trust Declares Dividend for the Second Quarter 2022, Payable on July 28, 2022

First quarter 2022 earnings released: US$0.31 loss per share (vs US$0.67 profit in 1Q 2021)

PennyMac Mortgage Investment Trust, Annual General Meeting, Jun 01, 2022

PennyMac Mortgage Investment Trust, Annual General Meeting, Jun 01, 2022

Upcoming dividend of US$0.47 per share

PennyMac Mortgage Investment Trust Declares Dividend for the First Quarter 2022, Payable on April 28, 2022

PennyMac Mortgage Investment Trust to Report Q4, 2021 Results on Feb 03, 2022

Upcoming dividend of US$0.47 per share

Insufficient new directors

Third quarter 2021 earnings released: US$0.45 loss per share (vs US$0.94 profit in 3Q 2020)

Upcoming dividend of US$0.47 per share

Second quarter 2021 earnings released: EPS US$0.32 (vs US$4.59 in 2Q 2020)

Upcoming dividend of US$0.47 per share

Independent Trustee recently sold €1.2m worth of stock