The estimated Net Worth of Vandad Fartaj is at least $8.02 Million dollars as of 24 February 2023. Mr. Fartaj owns over 20,743 units of Pennymac Mortgage Investment Trust stock worth over $1,863,138 and over the last 14 years he sold PMT stock worth over $1,950,548. In addition, he makes $4,206,820 as Chief Investment Officer and Senior Managing Director at Pennymac Mortgage Investment Trust.
Vandad has made over 41 trades of the Pennymac Mortgage Investment Trust stock since 2013, according to the Form 4 filled with the SEC. Most recently he exercised 20,743 units of PMT stock worth $286,253 on 24 February 2023.
The largest trade he's ever made was exercising 30,372 units of Pennymac Mortgage Investment Trust stock on 2 April 2018 worth over $419,134. On average, Vandad trades about 3,416 units every 45 days since 2011. As of 24 February 2023 he still owns at least 135,010 units of Pennymac Mortgage Investment Trust stock.
You can see the complete history of Mr. Fartaj stock trades at the bottom of the page.
Vandad Fartaj serves as Chief Investment Officer, Senior Managing Director of the Company. Mr. Fartaj has been our Senior Managing Director and Chief Investment Officer since February 2016. Prior thereto, he served as our chief investment officer from March 2010 to February 2016. Mr. Fartaj also has served in a variety of similar executive positions at PNMAC since April 2008. Mr. Fartaj is responsible for all capital markets and investment-related activities, including the development and execution of investment strategies, secondary marketing, hedging activities and capital markets strategies with government-sponsored enterprises. In addition, Mr. Fartaj is responsible for developing and managing relationships with Wall Street broker-dealers and fixed income investors. Prior to joining PNMAC, from November 1999 to April 2008, Mr. Fartaj was employed in a variety of positions at Countrywide Securities Corporation, including managing the strategy and execution of the whole loan conduit. Mr. Fartaj is an experienced mortgage banking executive with substantial experience in capital markets, mortgage-related investments, and interest rate and credit risk management.
As the Chief Investment Officer and Senior Managing Director of Pennymac Mortgage Investment Trust, the total compensation of Vandad Fartaj at Pennymac Mortgage Investment Trust is $4,206,820. There are 3 executives at Pennymac Mortgage Investment Trust getting paid more, with Stanford Kurland having the highest compensation of $15,070,800.
Vandad Fartaj is 45, he's been the Chief Investment Officer and Senior Managing Director of Pennymac Mortgage Investment Trust since 2016. There are 19 older and 2 younger executives at Pennymac Mortgage Investment Trust. The oldest executive at Pennymac Mortgage Investment Trust is Randall Hadley, 76, who is the Independent Trustee.
Vandad's mailing address filed with the SEC is C/O PENNYMAC MORTGAGE INVESTMENT TRUST, 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, and 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: