The estimated Net Worth of Stanford L Kurland is at least $172 Milion dollars as of 20 January 2021. Mr. Kurland owns over 31,000 units of Pennymac Mortgage Investment Trust stock worth over $104,396,862 and over the last 15 years he sold PMT stock worth over $52,390,589. In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust.
Stanford has made over 52 trades of the Pennymac Mortgage Investment Trust stock since 2013, according to the Form 4 filled with the SEC. Most recently he sold 31,000 units of PMT stock worth $1,883,560 on 20 January 2021.
The largest trade he's ever made was exercising 205,881 units of Pennymac Mortgage Investment Trust stock on 2 April 2018 worth over $2,841,158. On average, Stanford trades about 28,493 units every 38 days since 2009. As of 20 January 2021 he still owns at least 7,564,990 units of Pennymac Mortgage Investment Trust stock.
You can see the complete history of Mr. Kurland stock trades at the bottom of the page.
Stanford L. Kurland serves as Non-Executive Chairman of the Trustee of the Company. Mr. Kurland has been a member of our Board since our formation in May 2009 and has been our Executive Chairman since January 2017. Prior thereto, he had been our chairman of the board and chief executive officer from May 2009 through December 2016. Mr. Kurland also has been the executive chairman of PennyMac Financial Services, Inc., or PFSI, since January 2017 and, prior thereto, had been chairman of the board and chief executive officer from February 2013 through December 2016. Mr. Kurland served as the chief executive officer of Private National Mortgage Acceptance Company, LLC, or PNMAC, from May 2013 through December 2016, and, prior thereto, served as chairman of the board and chief executive officer from founding the company in January 2008 to May 2013. Our Manager, our Servicer, and PNMAC are controlled subsidiaries of PFSI. Prior to the formation of PNMAC, Mr. Kurland served as a director and, from January 1979 to September 2006, held several executive positions, including president, chief financial officer and chief operating officer, at Countrywide Financial Corporation, or Countrywide, a diversified financial services company. Mr. Kurland holds a BS from California State University, Northridge.
As the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust, the total compensation of Stanford Kurland at Pennymac Mortgage Investment Trust is $15,070,800. There are no executives at Pennymac Mortgage Investment Trust getting paid more.
Stanford Kurland is 67, he's been the Non-Executive Chairman of the Trustee of Pennymac Mortgage Investment Trust since 2020. There are 1 older and 20 younger executives at Pennymac Mortgage Investment Trust. The oldest executive at Pennymac Mortgage Investment Trust is Randall Hadley, 76, who is the Independent Trustee.
Stanford's mailing address filed with the SEC is C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA, 91361.
Over the last 15 years, insiders at Pennymac Mortgage Investment Trust have traded over $17,384,275 worth of Pennymac Mortgage Investment Trust stock and bought 347,317 units worth $4,024,452 . The most active insiders traders include Joel S Marcus, Stanford L Kurland a Frank P Willey. On average, Pennymac Mortgage Investment Trust executives and independent directors trade stock every 17 days with the average trade being worth of $80,702. The most recent stock trade was executed by Doug Jones on 3 September 2024, trading 37,010 units of PMT stock currently worth $518,510.
pennymac mortgage investment trust, a specialty finance company, invests primarily in mortgage-related assets in the united states. the company operates through credit sensitive strategies, interest rate sensitive strategies, and correspondent production segments. its credit sensitive strategies segment invests in credit risk transfer (crt) agreements, including firm commitment to purchase crt securities, distressed loans, real estate, and non-agency subordinated bonds. the company's interest rate sensitive strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mbs; and related interest rate hedging activities. its correspondent production segment engages in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of mortgage-backed securities (mbs). pnmac capital management, llc acts as the manager of pennymac mortgage investment trust. the company qualifies as a
Pennymac Mortgage Investment Trust executives and other stock owners filed with the SEC include: