James Follette - 06 Mar 2023 Form 4 Insider Report for PennyMac Mortgage Investment Trust (PMT)

Role
Chief Mort Fulfillment Officer
Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Follette
Issuer symbol
PMT
Transactions as of
06 Mar 2023
Net transactions value
-$42,099
Form type
4
Filing time
07 Mar 2023, 18:37:14 UTC
Previous filing
02 Mar 2023
Next filing
12 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PMT Common Shares of Beneficial Interest Options Exercise $0 +6,451 +105% $0.000000 12,585 06 Mar 2023 Direct F1
transaction PMT Common Shares of Beneficial Interest Tax liability $42,099 -3,199 -25% $13.16 9,386 06 Mar 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PMT Performance-Based Restricted Share Units Award $0 +6,451 $0.000000 6,451 06 Mar 2023 Common Shares of Beneficial Interest 6,451 Direct F4
transaction PMT Performance-Based Restricted Share Units Options Exercise $0 -6,451 -100% $0.000000* 0 06 Mar 2023 Common Shares of Beneficial Interest 6,451 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported amount consists of 3,453 restricted share units and 9,132 shares of Common Stock. The restricted share units are to be settled in an equal number of shares of Common Stock upon vesting.
F2 Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
F3 The reported amount consists of 3,453 restricted stock units and 5,933 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
F4 This performance-based restricted share unit (PSU) award was granted to the Reporting Person on May 19, 2022 and settled on March 6, 2023.