Stanford L. Kurland is the former CEO of PennyMac Financial Services, Inc., and he has been an important figure in the mortgage banking industry for over 40 years. He got a degree in Economics from UCLA and started his career...

Stanford L. Kurland is the former CEO of PennyMac Financial Services, Inc., and he has been an important figure in the mortgage banking industry for over 40 years. He got a degree in Economics from UCLA and started his career at Countrywide Financial, where he held several executive roles. In 2008, he co-founded PennyMac and built it into a big player in the mortgage market. Kurland has served various positions, including Executive Chairman and Chairman of the Board, and he has played a key role in shaping the company's strategies. Notably, his compensation reached over $7.8 million in 2014, including a hefty performance-based bonus. His insider trading activity is quite interesting, with a peak value of his holdings reaching around $670 million in early 2024, indicating strong confidence in the company's direction. You could say he knows finance and mortgages inside and out, which makes him a key person to follow in the financial services space.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other PennyMac Mortgage Investment Trust CEOs

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Stanford L. Kurland

Founder and Ex-CEO of PennyMac Mortgage Investment Trust

Education

Bachelor's degree in Economics from California State University, Northridge

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

October 1, 1953 - 71 years ago

CEO of PennyMac Mortgage Investment Trust for

7 years 8 months (May 2009 - Jan 2017)

Previous Experience

Former President of Countrywide Financial Corporation

Rivals

Competitors/colleagues of Stanford L. Kurland

C

Phillip J. Kardis II

CEO of Chimera Investment Corp.

2023 Compensation

Stock

$1.68M

Salary

$850.00K

Bonus

$0.00

Other

$19.80K

Total Holdings

$6.46M

R

Michael Nierenberg

CEO of Rithm Capital

2023 Compensation

Stock

$1.79M

Salary

$1.25M

Bonus

$10.00M

Other

$160.04K

Total Holdings

$27.00M

T

William Greenberg

CEO of Two Harbors Investment Corporation

2021 Compensation

Stock

$0.00

Salary

$829.12K

Bonus

$0.00

Other

$130.76K

Total Holdings

$5.56M

Holdings

See how much did Stanford L. Kurland make over time.

Kurland's stock holdings in PennyMac have seen major growth over time. Starting from around $267.86 million in September 2019, his portfolio grew significantly, hitting approximately $672.83 million in January 2024. This growth shows an increasing confidence in the company's potential....

Kurland's stock holdings in PennyMac have seen major growth over time. Starting from around $267.86 million in September 2019, his portfolio grew significantly, hitting approximately $672.83 million in January 2024. This growth shows an increasing confidence in the company's potential. Interestingly, there were fluctuations, with his holdings dipping below $400 million during the pandemic in 2020, but they rebounded sharply, peaking at over $800 million. This reflects the dynamic nature of the real estate market and Kurland's strategic decisions.

Mar 18, 2025

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shares

PFSI @ $99.02

Total Stock Sold

$52.43M

PFSI

$52.43M

1,352,832 PFSI shares

What if they kept their stock?

If Stanford L. Kurland didn't sell their stock, today they would have:
Extra PFSI1,352,832 shares worth $33.97M.
This is -35.21% and $18.46M less than what they got when they sold the stock.

Charitable Transactions

PFSI

81,849 shares

PFSI

Recent Charitable Transactions

PFSI

81,849 shares

PFSI

Apr 14, 2020

Charity

Insider Trading

See recent insider trades of Stanford L. Kurland.

PFSI

$1.88M

PFSI at $60.51/share

Jan 20, 2021

Sale

PFSI

$1.85M

PFSI at $59.72/share

Jan 5, 2021

Sale

PFSI

$2.10M

PFSI at $67.67/share

Dec 21, 2020

Sale

PFSI

$1.84M

PFSI at $59.40/share

Dec 9, 2020

Sale

PFSI

$1.77M

PFSI at $57.05/share

Nov 20, 2020

Sale

PFSI

$1.67M

PFSI at $53.85/share

Nov 9, 2020

Sale

PFSI

$1.64M

PFSI at $53.03/share

Oct 27, 2020

Sale

PFSI

$2.06M

PFSI at $66.41/share

Oct 13, 2020

Sale

PFSI

$1.76M

PFSI at $56.62/share

Sep 24, 2020

Sale

PFSI

$1.66M

PFSI at $53.05/share

Sep 9, 2020

Sale

Compensation History

See how much did Stanford L. Kurland make over time.

In 2017, Stanford L. Kurland's total compensation was about $10 million. This included a $1 million salary and $4.25 million in bonuses tied to performance metrics. His pay fluctuated significantly in previous years, peaking over $7.8 million in 2014, driven primarily by performance-based cash bonuses and vested stock units. His compensation package aligns with the company's pay-for-performance philosophy, ensuring that his interests match those of shareholders. Aside from base salary and bonuses, he has also received options and other compensations, indicating a strong emphasis on rewarding leadership that drives company growth. All of this reflects a well-structured compensation strategy designed to motivate and retain top executive talent.

Year

2017

Total Compensation

$9.18M

Salary

$1.00M

Board Justification

The compensation program aims to create a pay-for-performance culture that rewards executives for high company and individual performance, aligning their interests with those of stockholders.

Bonus

$4.25M

Board Justification

Annual performance-based cash bonuses based on the achievement of actual earnings per share and pretax income performance goals.

Other

$218.06K

Board Justification

Includes insurance premiums, gross-up payments for self-employment tax liabilities, and other benefits.

Restricted Stock

$3.71M(166.2K Performance-Based RSUs)

Board Justification

Performance-based RSUs that vested based on the achievement of target level performance as of December 31, 2017.

Performance Metrics

Annual performance-based cash bonuses are based on the achievement of actual earnings per share and pretax income performance goals.

Other PennyMac Mortgage Investment Trust CEOs

Here are other CEOs of PennyMac Mortgage Investment Trust

David A. Spector

CEO of PennyMac Mortgage Investment Trust

January 2017 - Present