Vandad Fartaj

2021 - PennyMac Financial Services

In 2021, Vandad Fartaj earned a total compensation of $5M as Senior Managing Director and Chief Investment Officer at PennyMac Financial Services, a 1% decrease compared to previous year.

Compensation breakdown

Non-Equity Incentive Plan$3,389,250
Option Awards$349,350
Salary$425,000
Stock Awards$804,951
Other$64,697
Total$5,033,248

Fartaj received $3.4M in non-equity incentive plan, accounting for 67% of the total pay in 2021.

Fartaj also received $349.4K in option awards, $425K in salary, $805K in stock awards and $64.7K in other compensation.

Rankings

In 2021, Vandad Fartaj's compensation ranked 2,603rd out of 12,415 executives tracked by ExecPay. In other words, Fartaj earned more than 79.0% of executives.

ClassificationRankingPercentile
All
2,603
out of 12,415
79th
Division
Finance, Insurance, And Real Estate
404
out of 2,280
82nd
Major group
Non-depository Credit Institutions
16
out of 70
77th
Industry group
Mortgage Bankers And Brokers
7
out of 16
56th
Industry
Mortgage Bankers and Loan Correspondents
7
out of 16
56th

Pay ratio

Vandad Fartaj's Pay$5,033,248
Median Employee's Pay$70,939
Pay Ratio

71

to 1

In 2021, the annual total compensation of Vandad Fartaj was $5,033,248.

The annual total compensation of the median employee at PennyMac Financial Services was $70,939.

The ratio of Vandad Fartaj's pay to the pay of median employee was therefore 71 to one.

Source: SEC filing on April 13, 2022.

Fartaj's colleagues

We found four more compensation records of executives who worked with Vandad Fartaj at PennyMac Financial Services in 2021.

2021

David Spector

PennyMac Financial Services

Chief Executive Officer

2021

Doug Jones

PennyMac Financial Services

President and Chief Mortgage Banking Officer

2021

Andrew Chang

PennyMac Financial Services

Chief Operating Officer

2021

Daniel Perotti

PennyMac Financial Services

Chief Financial Officer

News

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