MARK ELBAUM - 23 Feb 2026 Form 4 Insider Report for PennyMac Mortgage Investment Trust (PMT)

Role: Chief Capital Markets Officer
Signature: /s/ Derek W. Stark, attorney-in-fact for Mr. Elbaum
Issuer symbol: PMT
Transactions as of: 23 Feb 2026
Net transactions value: -$14,846
Form type: 4
Filing time: 25 Feb 2026, 20:10:35 UTC
Previous filing: 18 Feb 2026
Next filing: 26 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
ELBAUM MARK	Chief Capital Markets Officer	C/O PENNYMAC MORTGAGE INVESTMENT TRUST, 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE	/s/ Derek W. Stark, attorney-in-fact for Mr. Elbaum	25 Feb 2026	0001025424

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	+3,085	+32%	$0.000000	12,652	23 Feb 2026	Direct	F1
transaction	PMT	Common Shares of Beneficial Interest	Tax liability	$14,846	-1,208	-9.5%	$12.29	11,444	23 Feb 2026	Direct	F2
transaction	PMT	Common Shares of Beneficial Interest	Award	$0	+18,518	+162%	$0.000000	29,962	23 Feb 2026	Direct	F3, F4

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	+3,085		$0.000000	3,085	23 Feb 2026	Common Shares of Beneficial Interest	3,085		Direct	F1
transaction	PMT	Performance-Based Restricted Share Units	Options Exercise	$0	-3,085	-100%	$0.000000	0	23 Feb 2026	Common Shares of Beneficial Interest	3,085		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This performance-based restricted share unit (PSU) award was granted on February 24, 2025 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2025, 2026 and 2027. The PSU vested as to one-third on February 23, 2026 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2025 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2025 through December 31, 2025 resulting in a payout of 79.2%.
F2	Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
F3	The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of the grant, are to be settled in an equal number of shares of Common Stock upon vesting.
F4	The reported amount consists of 28,085 restricted stock units and 1,877 shares of Common Shares of Beneficial Interest. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.