PennyMac Mortgage (PMT) officer reports tax-withheld share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PennyMac Mortgage Investment Trust director and president Doug Jones reported a tax-related share withholding tied to equity compensation. On this Form 4, 4,017 Common Shares of beneficial interest were disposed of at $12.15 per share to satisfy tax obligations upon vesting of restricted share units.
After this withholding, Jones beneficially owns a total of 103,896 shares, consisting of 72,337 restricted share units and 31,559 Common Shares of beneficial interest. The restricted share units will be settled in an equal number of common shares as they vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jones Doug
Role
Director, President & CMBO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares of Beneficial Interest | 4,017 | $12.15 | $49K |
Holdings After Transaction:
Common Shares of Beneficial Interest — 103,896 shares (Direct)
Footnotes (1)
- Represents shares withheld for taxes upon vesting of restricted share units. The reported amount consists of 72,337 restricted share units and 31,559 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.
FAQ
What insider transaction did PMT’s Doug Jones report on this Form 4?
Doug Jones reported a tax-withholding disposition of 4,017 PennyMac Mortgage Investment Trust common shares. The shares were withheld at $12.15 each to cover taxes owed when his restricted share units vested.