PMT - PennyMac chief operating officer to leave company at year-end

Andrew S. Chang will step down from his roles of senior managing director and chief operating officer of both PennyMac Financial Services (NYSE:PFSI) and PennyMac Mortgage Investment Trust (NYSE:PMT), on Dec. 31, 2021 to pursue other interests. PennyMac Financial Services (PFSI) also disclosed that it repurchased 225,000 shares of its common stock from Kurland Family Investments LLC  for ~$14M. After the transaction, KFI beneficially owns less than 35,00 shares of PFSI stock that KFI intends to use for a charitable donation. PennyMac Financial (PFSI) was founded by Stan Kurland in 2008. He died in January 2021 from COVID complications.

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PennyMac chief operating officer to leave company at year-end