PennyMac officer uses 1,314 shares for tax withholding

PennyMac Mortgage Investment Trust insider Mark Elbaum, Chief Capital Markets Officer, reported a tax-withholding disposition related to equity compensation.

Accepted by SEC EDGAR 02/26/2026 - 08:37 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

PennyMac Mortgage Investment Trust insider Mark Elbaum, Chief Capital Markets Officer, reported a tax-withholding disposition related to equity compensation. On this Form 4, 1,314 Common Shares of Beneficial Interest were withheld at $12.15 per share to cover taxes upon vesting of restricted share units.

After this withholding, Elbaum directly holds a total of 28,648 shares, consisting of 24,896 restricted stock units and 3,752 common shares, with the restricted stock units settling in an equal number of common shares upon vesting.

Insider Trade Summary

Exercise Price or Tax Liability: 1,314 shares

Exercise Price or Tax Liability 1 txn

Insider ELBAUM MARK

Role Chief Capital Markets Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares of Beneficial Interest	1,314	$12.15	$16K

Holdings After Transaction: Common Shares of Beneficial Interest — 28,648 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld for taxes upon vesting of restricted share units.
2. F2. The reported amount consists of 24,896 restricted stock units and 3,752 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.

FAQ

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What insider transaction did PMT executive Mark Elbaum report on this Form 4?

Mark Elbaum reported a tax-withholding disposition of 1,314 PennyMac Mortgage Investment Trust shares. These shares were withheld to cover taxes triggered by the vesting of restricted share units, rather than sold in an open-market transaction, and reflect routine equity compensation administration.

At what price were the 1,314 PMT shares withheld for Mark Elbaum’s taxes?

The 1,314 PennyMac Mortgage Investment Trust shares were withheld at $12.15 per share. This price is used solely for calculating the value of shares applied toward Elbaum’s tax obligation arising from restricted share unit vesting, not for an open-market sale execution.

How many PMT shares does Mark Elbaum hold after the reported Form 4 transaction?

After the tax-withholding disposition, Mark Elbaum holds 28,648 PMT shares. This total comprises 24,896 restricted stock units and 3,752 common shares, with the restricted stock units scheduled to settle in an equal number of common shares when they vest in the future.

Does Mark Elbaum’s Form 4 show an open-market sale of PMT shares?

The Form 4 does not show an open-market sale of PMT shares. It reports shares withheld to satisfy tax obligations upon vesting of restricted share units, a non-discretionary transaction coded as a tax-withholding disposition rather than a voluntary sale on the market.

What equity awards are included in Mark Elbaum’s PMT holdings after this transaction?

Elbaum’s holdings include 24,896 restricted stock units and 3,752 common shares of PennyMac Mortgage Investment Trust. According to the filing, each restricted stock unit will settle into one share of common stock when it vests, increasing his directly held common shares over time.

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

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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^*

ELBAUM MARK

(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 Capital Markets 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		1,314(1)	D	$12.15	28,648(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 24,896 restricted stock units and 3,752 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.

	/s/ Derek W. Stark, attorney-in-fact for Mr. Elbaum	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.
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