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PennyMac Financial Services Chairman and CEO Sells 10,000 Shares for $880,000
The Motley Fool·
David Spector, Chairman and CEO of PennyMac Financial Services, sold 10,000 shares valued at approximately $880,000 on May 12, 2026, under a prearranged Rule 10b5-1 trading plan. The sale occurred amid the company's declining stock performance (down 40% year-to-date as of June 8), weak Q1 2026 earnings with declining loan servicing revenue, macroeconomic headwinds, and ongoing securities law investigations regarding false statements about borrower retention.
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