Derek Stark - 12 Mar 2024 Form 4 Insider Report for PennyMac Mortgage Investment Trust (PMT)

Role
Chief Legal Officer
Signature
/s/ Derek Stark
Issuer symbol
PMT
Transactions as of
12 Mar 2024
Net transactions value
-$50,094
Form type
4
Filing time
14 Mar 2024, 17:37:29 UTC
Previous filing
04 Mar 2024
Next filing
26 Mar 2024
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 Award $0 +5,483 +14% $0.000000 44,231 12 Mar 2024 Direct F1
transaction PMT Common Shares of Beneficial Interest Options Exercise $0 +2,294 +7.9% $0.000000 31,214 12 Mar 2024 Direct F2
transaction PMT Common Shares of Beneficial Interest Options Exercise $0 +3,841 +12% $0.000000 35,055 12 Mar 2024 Direct F3
transaction PMT Common Shares of Beneficial Interest Options Exercise $0 +3,693 +11% $0.000000 38,748 12 Mar 2024 Direct F4
transaction PMT Common Shares of Beneficial Interest Tax liability $11,695 -819 -1.9% $14.28 43,412 12 Mar 2024 Direct F5
transaction PMT Common Shares of Beneficial Interest Tax liability $19,578 -1,371 -3.2% $14.28 42,041 12 Mar 2024 Direct F5
transaction PMT Common Shares of Beneficial Interest Tax liability $18,821 -1,318 -3.1% $14.28 40,723 12 Mar 2024 Direct F5, F6

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 +2,294 $0.000000 2,294 12 Mar 2024 Common Shares of Beneficial Interest 2,294 Direct F2
transaction PMT Performance-Based Restricted Share Units Options Exercise $0 -2,294 -100% $0.000000* 0 12 Mar 2024 Common Shares of Beneficial Interest 2,294 Direct F2
transaction PMT Performance-Based Restricted Share Units Award $0 +3,841 $0.000000 3,841 12 Mar 2024 Common Shares of Beneficial Interest 3,841 Direct F3
transaction PMT Performance-Based Restricted Share Units Options Exercise $0 -3,841 -100% $0.000000* 0 12 Mar 2024 Common Shares of Beneficial Interest 3,841 Direct F3
transaction PMT Performance-Based Restricted Share Units Award $0 +3,693 $0.000000 3,693 12 Mar 2024 Common Shares of Beneficial Interest 3,693 Direct F4
transaction PMT Performance-Based Restricted Share Units Options Exercise $0 -3,693 -100% $0.000000* 0 12 Mar 2024 Common Shares of Beneficial Interest 3,693 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of grant, are to be settled in an equal number of shares of common stock upon vesting.
F2 This performance-based restricted share unit (PSU) award was granted on February 17, 2021and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2021, 2022 and 2023. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 158.9%.
F3 This performance-based restricted share unit (PSU) award was granted on February 25, 2022 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2022, 2023 and 2024. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 187.5%.
F4 This performance-based restricted share unit (PSU) award was granted on February 28, 2023 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2023, 2024 and 2025. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 150%.
F5 Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
F6 The reported amount consists of 11,188 restricted share units and 29,535 Common Shares of beneficial interest. The restricted share units are to be settled in an equal number of Common Shares of beneficial interest upon vesting.