PennyMac CDO logs tax-withholding share disposition

PennyMac Mortgage Investment Trust Chief Digital Officer James Follette reported a small tax-related share disposition.

Rhea-AI Filing Summary

PennyMac Mortgage Investment Trust Chief Digital Officer James Follette reported a small tax-related share disposition. On the vesting of restricted stock units, 382 Common Shares of Beneficial Interest were withheld at a price of $12.15 per share to cover taxes, a non-open-market transaction.

After this withholding, Follette’s direct holdings total 22,113 common shares, consisting of 9,069 restricted stock units and 13,044 shares of common stock that together represent his current equity position in the company.

Insider Trade Summary

Exercise Price or Tax Liability: 382 shares

Exercise Price or Tax Liability 1 txn

Insider Follette James

Role Chief Digital Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares of Beneficial Interest	382	$12.15	$5K

Holdings After Transaction: Common Shares of Beneficial Interest — 22,113 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld for taxes upon vesting of restricted stock units.
2. F2. The reported amount consists of 9,069 restricted stock units and 13,044 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PennyMac (PMT) report for James Follette?

PennyMac reported that Chief Digital Officer James Follette had 382 common shares withheld to satisfy tax obligations upon vesting of restricted stock units. This was a Form 4 transaction coded “F,” indicating payment of tax liability using shares rather than an open-market sale.

Was the PennyMac (PMT) Form 4 transaction an open-market sale?

No, the Form 4 for PennyMac shows a tax-withholding disposition, not an open-market sale. 382 shares were withheld at $12.15 per share to cover taxes triggered by the vesting of restricted stock units awarded to Chief Digital Officer James Follette.

How many PennyMac (PMT) shares were involved in the tax-withholding event?

The filing shows 382 Common Shares of Beneficial Interest were withheld. These shares were used to satisfy tax obligations upon vesting of restricted stock units, as indicated by transaction code “F” and a footnote describing them as shares withheld for taxes.

What is James Follette’s PennyMac (PMT) equity position after this Form 4?

After the tax-withholding transaction, James Follette directly holds 22,113 PennyMac shares. A footnote explains this consists of 9,069 restricted stock units and 13,044 common shares, with the restricted stock units settling in an equal number of shares upon vesting.

What does transaction code “F” mean in the PennyMac (PMT) Form 4?

Transaction code “F” indicates payment of an exercise price or tax liability using securities. In this case, 382 PennyMac common shares were withheld to cover taxes when restricted stock units vested, rather than being sold on the open market by the insider.

Does the PennyMac (PMT) Form 4 suggest a change in insider sentiment?

The filing reflects a routine tax-withholding disposition tied to vesting of restricted stock units, not a discretionary open-market sale. Such transactions are generally administrative, helping insiders meet tax obligations automatically when equity awards vest, without signaling a change in outlook.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/26/2026 - 08:27 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Follette James

(Last) (First) (Middle)

C/O PENNYMAC MORTGAGE INVESTMENT TRUST

3043 TOWNSGATE ROAD

(Street)

WESTLAKE VILLAGE CA 91361

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PennyMac Mortgage Investment Trust [ PMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Digital Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	02/24/2026		F		382(1)	D	$12.15	22,113(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld for taxes upon vesting of restricted stock units.

2. The reported amount consists of 9,069 restricted stock units and 13,044 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Follette	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.