PennyMac (PMT) CEO reports 5,791-share tax-withholding disposition on RSU vesting

Rhea-AI Filing Summary

PennyMac Mortgage Investment Trust Chairman and CEO David Spector reported a Form 4 transaction where 5,791 Common Shares of Beneficial Interest were withheld to cover taxes upon the vesting of restricted share units at $12.26 per share. This was a tax-withholding disposition rather than an open-market trade.

After this transaction, Spector’s reported holdings total 425,742 shares, consisting of 115,472 restricted share units and 310,270 Common Shares of Beneficial Interest. The restricted share units are scheduled to be settled in an equal number of common shares upon vesting.

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

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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^*

SPECTOR DAVID

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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	02/28/2026		F		5,791(1)	D	$12.26	425,742(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 share units.

2. The reported amount consists of 115,472 restricted share units and 310,270 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.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Spector	03/03/2026
	** 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.

FAQ

What did PennyMac (PMT) report in David Spector’s latest Form 4?

The Form 4 reports that David Spector, Chairman and CEO of PennyMac Mortgage Investment Trust, had 5,791 common shares withheld to satisfy taxes upon vesting of restricted share units, reflecting a tax-withholding disposition rather than an open-market transaction.

How many PennyMac (PMT) shares were withheld and at what price?

The filing shows 5,791 Common Shares of Beneficial Interest were withheld for taxes at a price of $12.26 per share. These shares were used to cover tax obligations arising when restricted share units vested, not sold in the open market.

What are David Spector’s total reported PennyMac (PMT) holdings after this transaction?

After the transaction, David Spector’s reported holdings total 425,742 shares, consisting of 310,270 Common Shares of Beneficial Interest and 115,472 restricted share units. The restricted share units are expected to be settled in an equal number of common shares upon vesting.

Are the restricted share units in PennyMac (PMT) settled in common shares?

Yes. The Form 4 explains that the 115,472 restricted share units are to be settled in an equal number of Common Shares of Beneficial Interest upon vesting, meaning each restricted share unit converts into one common share when the vesting conditions are met.

Was David Spector’s PennyMac (PMT) Form 4 transaction an open-market sale?

No. The footnote clarifies the transaction represents shares withheld for taxes upon vesting of restricted share units. This is reported with transaction code F, indicating a tax-withholding disposition rather than a voluntary open-market sale of shares.

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

Transaction code F indicates payment of tax liability or exercise price by delivering securities. In this case, 5,791 shares were withheld to satisfy tax obligations triggered when David Spector’s restricted share units vested, instead of selling shares on the market.