William Herbert Chang - 12 Mar 2024 Form 4 Insider Report for PennyMac Mortgage Investment Trust (PMT)

Role
Chief Investment Officer
Signature
/s/ Derek W. Stark, attorney-in-fact for Mr. Chang
Issuer symbol
PMT
Transactions as of
12 Mar 2024
Net transactions value
-$107,343
Form type
4
Filing time
14 Mar 2024, 17:45:35 UTC
Previous filing
04 Mar 2024
Next filing
20 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 +15,668 +35% $0.000000 59,984 12 Mar 2024 Direct F1
transaction PMT Common Shares of Beneficial Interest Options Exercise $0 +4,389 +15% $0.000000 32,946 12 Mar 2024 Direct F2
transaction PMT Common Shares of Beneficial Interest Options Exercise $0 +4,221 +13% $0.000000 37,167 12 Mar 2024 Direct F3
transaction PMT Common Shares of Beneficial Interest Options Exercise $0 +7,149 +19% $0.000000 44,316 12 Mar 2024 Direct F4
transaction PMT Common Shares of Beneficial Interest Tax liability $25,033 -1,753 -2.9% $14.28 58,231 12 Mar 2024 Direct F5
transaction PMT Common Shares of Beneficial Interest Tax liability $30,559 -2,140 -3.7% $14.28 56,091 12 Mar 2024 Direct F5
transaction PMT Common Shares of Beneficial Interest Tax liability $51,751 -3,624 -6.5% $14.28 52,467 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 +4,389 $0.000000 4,389 12 Mar 2024 Common Shares of Beneficial Interest 4,389 Direct F2
transaction PMT Performance-Based Restricted Share Units Options Exercise $0 -4,389 -100% $0.000000* 0 12 Mar 2024 Common Shares of Beneficial Interest 4,389 Direct F2
transaction PMT Performance-Based Restricted Share Units Award $0 +4,221 $0.000000 4,221 12 Mar 2024 Common Shares of Beneficial Interest 4,221 Direct F3
transaction PMT Performance-Based Restricted Share Units Options Exercise $0 -4,221 -100% $0.000000* 0 12 Mar 2024 Common Shares of Beneficial Interest 4,221 Direct F3
transaction PMT Performance-Based Restricted Share Units Award $0 +7,149 $0.000000 7,149 12 Mar 2024 Common Shares of Beneficial Interest 7,149 Direct F4
transaction PMT Performance-Based Restricted Share Units Options Exercise $0 -7,149 -100% $0.000000* 0 12 Mar 2024 Common Shares of Beneficial Interest 7,149 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 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%.
F3 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%.
F4 This performance-based restricted share unit (PSU) award was granted on March 20, 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 share units.
F6 The reported amount consists of 33,887 restricted share units and 18,580 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.