David Spector

PFSI CEO David Spector sold 10,000 shares, continuing a pattern of only selling—never buying—despite company profitability and valuation well below 52-week highs.

David Spector, the Chairman and CEO of PennyMac, disposed of 10,000 shares on a single trading day, representing his eighth open-market sale at this ticker in the past three years and his 92nd open-market sale across his holdings. This sale is part of an unbroken pattern: the insider has never made a single open-market purchase, despite 89 prior open-market sales in the tracking window. The stock currently trades roughly 45% below its 52-week high, presenting what many would call a pullback opportunity, yet the CEO continues to reduce his stake. Looking back, Spector's prior sales at this ticker show mixed timing: three of his five previous exits were poorly timed, with the stock rising afterward, while two were well-timed as shares declined following the sale. The company itself remains solidly profitable with meaningful revenue growth, but the CEO's consistent selling pattern—especially his unwillingness to buy despite lower prices and strong fundamentals—suggests he views the risk-reward unfavorably at current levels.

PFSI Chairman & CEO Spector sells 10,000 shares for $928.3K at $92.83 avg; stock down 42.5% from 52-week high

David Spector, Chairman & CEO of PennyMac Financial Services, executed 2 separate sales totaling 10,000 shares for $928,279.39 at a blended average price of $92.83 on 2026-04-14, reducing his holdings from 80.6K to 70.6K shares (-12.4%). The transaction occurred when PFSI stock trades at $91.74, down 42.5% from its 52-week high of $159.46, representing a significant drawdown period for the company. His prior 5 trades at PFSI (all sells on 2026-03-06) showed positive 30-day returns (+3.6% to +5.7%), suggesting a pattern of selling ahead of short-term strength rather than weakness. Notably, his cross-ticker track record shows a 100% well-timed sell rate across 19 prior sales with an average 90-day return of -33.6%, yet at PFSI specifically, 0 of 0 measurable same-ticker sales have demonstrated well-timed outcomes. The company itself reports strong fundamentals—$632.9M quarterly revenue, +28.4% annual growth, and a 6.95 P/E ratio—leaving the motivation for this sale in a depressed valuation environment unclear.

PFSI Chairman/CEO SPECTOR DAVID sold 22,436 shares (22.4K) for $1,938,197.55 ($1.9M) at blended avg $86.39 on 2026-03-06.

SPECTOR DAVID, Chairman & CEO of PennyMac Financial Services, Inc., executed 6 separate sales on 2026-03-06 totaling 22,436 shares for $1,938,197.55, reducing his holdings from 551,837 to 529,401 shares (-4.1%). The sales occurred at prices ranging from $85.26 to $86.93, with a blended average of $86.39, occurring as PFSI trades -45.4% below its 52-week high and -9.0% over the past 30 days. The CEO's cross-ticker track record across all tickers shows 19 prior sells with an average 90-day return of +3.5% and a 28.57% well-timed rate; his prior 5 trades at PFSI (all sells on 2026-02-19) have not yet reached measurable outcomes. Against fundamentals showing P/E of 6.59, annual revenue growth of +28.4%, and net income of $181,503,000.00, the sale pattern warrants attention to whether this reflects portfolio management or forward-looking signals about capital deployment at the company.

CEO David Spector sold 13.0K shares at blended avg $94.51; stock now -42.2% from high; 5 prior PFSI sells in past 3 months all declined 30–37% within 30 days

David Spector, Chairman & CEO of PennyMac Financial Services, executed 6 separate sales totaling 12,950 shares for $1,223,855.26 at a blended average price of $94.51 on 2026-02-19, reducing his holdings by 2.3%. The stock has since fallen to $92.23, currently -42.2% from its 52-week high and -39.4% over the past 30 days. His prior sale activity at PFSI is notable: four consecutive selling transactions on 2026-01-13 and 2025-12-16 all showed sharp 30-day declines (ranging from -36.8% to -37.5% for the January sales), establishing a pattern of sales preceding near-term weakness. While the company shows solid fundamentals (P/E of 6.99, net income $181.5M on $632.9M quarterly revenue, and 28.4% annual revenue growth), the repeated insider liquidation during a period of significant price deterioration warrants investor attention to what may be driving these sequential dispositions.

PFSI Chair & CEO David Spector sold 10,000 shares for $1.5M at $145.19 blended average on 2026-01-13; holds 100.6K shares post-sale.

David Spector, as Chair & CEO, executed 3 separate sales totaling 10,000 shares for $1,451,879.68 at prices ranging from $144.81 to $146.30. The sale reduced his holdings by 9.0% from 110.6K to 100.6K shares, representing a material but not controlling reduction in equity stake. His cross-ticker track record shows 19 prior sells with an average 90-day return of +13.0% and a well-timed rate of 0.00%, indicating his past sales have frequently preceded stock gains rather than declines. At PFSI specifically, his 5 prior trades show mixed near-term outcomes (30-day returns of +0.5% to +1.0% on measurable sells, with 3 most recent trades from December lacking measurable outcomes), with a 0% well-timed rate at the 90-day mark. The stock currently trades at $147.37, near its 52-week high, up 12.9% over 30 days and 25.5% over 90 days—suggesting the timing of this sale relative to recent momentum may merit observation as the position matures.

PFSI CEO David Spector sold 5,000 shares at $129.10–$130.68 on 2025-12-16 ($649,030.15), retaining 110.6K shares.

David Spector, Chairman & CEO of PennyMac Financial Services, executed 3 separate sales totaling 5,000 shares for $649,030.15 on 2025-12-16, at prices ranging from $129.10 to $130.68 (blended average $129.81). He retains 110.6K shares post-transaction, representing a -4.3% reduction in holdings. His cross-ticker track record shows 19 prior sells with a 90-day well-timed rate of 16.67% (90-day avg return +17.0%), yet at PFSI specifically, his 5 prior trades show 0 of 0 well-timed outcomes at the 90-day mark, with recent 30-day results mixed (ranging -1.9% to +1.0%). The stock currently trades at $132.41, near its 52-week high of $136.06, and has gained +6.0% over the past 30 days and +5.9% over 90 days—suggesting he sold into a period of strength rather than during weakness. The company's fundamentals are solid: $632.9M in latest-quarter revenue, $181.5M net income, +13.7% annual revenue growth, and a P/E of 13.79.

PMT: David Spector buys 10,000 shares at $12.40; stock -16.3% from 52-week high but +5.5% in 30 days.

SPECTOR DAVID, Chairman and CEO, purchased 10,000 shares at $12.40, increasing his holdings from 347,794 to 357,794 shares. The stock is currently $12.36, near the transaction price, and has recovered +5.5% over the past 30 days despite trading -16.3% below its 52-week high of $14.77. At the fundamentals level, PMT shows compressed metrics: annual revenue declined -22.1% year-over-year ($99.2M latest quarter), though net income remains solid at $58.3M, and the P/E of 8.83 reflects a compressed valuation typical of mortgage REITs in higher-rate environments. Across his open-market history spanning multiple tickers, Spector's 20 prior sales averaged +14.2% 90-day returns with a well-timed rate of 28.57%, suggesting his historical exit timing has been below average, though no FLAGS or prior transaction details are provided for PMT specifically. This purchase occurs within the context of significant revenue pressure and modest recent share price recovery.

PFSI Chairman David Spector sells 5,000 shares for $646,321.52 at $129.26 blended price

David Spector (Chairman & CEO) executed 2 separate sales totaling 5,000 shares for $646,321.52, reducing his holdings from 120.6K to 115.6K shares (a -4.1% reduction). The sales occurred at prices of $129.24 and $129.86 on 2025-11-12, near the stock's 52-week high of $132.96 (currently -4.4% from that peak). His prior sales at PFSI have shown mixed timing: two recent October trades posted positive 30-day returns (+4.2% and +7.0%), though 90-day measurability is incomplete. Across his broader cross-ticker transaction history, his 57.14% 90-day well-timed rate on 20 prior sells suggests slightly better-than-random timing, but the company's strong fundamentals—$632.9M quarterly revenue, $181.5M net income, 13.7% annual growth, and a 13.23 P/E—do not suggest distress. The timing of the sale relative to near-peak prices warrants observation, but the scale (4.1% of holdings) and the company's solid financial position limit the immediate significance of the move.

PFSI CEO David Spector sold 71,161 shares for $9,113,457.18 across 3 sales on Oct 23; stock at 52-week high

David Spector, Chairman & CEO of PennyMac Financial Services, executed 3 separate sales totaling 71,161 shares for $9,113,457.18 at an average price of $128.07, reducing his holdings by 11.0% to 577,859 shares. The sales occurred on 2025-10-23, with per-transaction prices ranging from $127.07 to $128.66. PFSI stock is currently at $132.96, representing the 52-week high (+0.0% from peak, +7.2% over 30 days, +40.0% over 90 days). Spector's cross-ticker track record shows 20 prior sells with a 70% well-timed rate (90-day negative returns), but his same-ticker history at PFSI includes 5 prior sells on 2025-10-06 with no measurable outcomes yet. The timing of this sale near the 52-week high, combined with strong recent price momentum and the company's solid fundamentals (P/E 17.78, +13.7% annual revenue growth, $444.7M latest quarterly revenue), warrants attention to whether further insider activity or market developments follow.

Chairman & CEO David Spector sells 5,000 PFSI shares for $592,104.52 on 2025-10-06 at $118.42 blended average.

David Spector, Chairman & CEO of PennyMac Financial Services, executed 5 separate sales totaling 5,000 shares for $592,104.52 on 2025-10-06, reducing his holdings from 125.6K to 120.6K shares (-4.0% of pre-transaction holdings). The sales occurred at prices ranging from $116.89 to $120.89, with a blended average of $118.42, versus the current price of $116.57 (down 0.8% over 30 days but up 14.0% over 90 days). The company's fundamentals remain solid with P/E of 15.58, annual revenue growth of +13.7%, and net income of $136.5M on quarterly revenue of $444.7M. Notably, Spector has conducted three additional sell transactions at PFSI on 2025-09-23 with outcomes not yet measurable; his cross-ticker sell timing history shows a 90-day well-timed rate of 80.00%, though at this specific ticker, prior 30-day outcomes from August sales were positive (+18.5% to +19.5%), indicating the stock rose after his prior sales rather than falling.