PennyMac (PMT) CRO logs PSU vesting, RSU grant and tax share disposals

Rhea-AI Filing Summary

PennyMac Mortgage Investment Trust’s Chief Revenue Officer Abbie Tidmore reported multiple equity award transactions. On February 23, 2026, 1,263 and 2,056 performance-based restricted share units (PSUs) vested and were exercised into the same number of common shares at a stated price of $0.00 per share, reflecting equity compensation rather than an open-market purchase.

The filing also shows 809 common shares (308 and 501) disposed of at $12.29 per share to cover tax withholding obligations tied to these vestings, not discretionary selling. In addition, Tidmore received a grant of 11,111 restricted stock units, which will vest in three equal installments and settle in common shares. Following these transactions, Tidmore’s reported holdings consist of 20,101 restricted stock units and 21,596 common shares of beneficial interest, all held directly.

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^*

Tidmore Abbie

(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 Revenue Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		M		1,263(1)	A	$0	29,339	D
Common Shares of Beneficial Interest	02/23/2026		M		2,056(2)	A	$0	31,395	D
Common Shares of Beneficial Interest	02/23/2026		F		308(3)	D	$12.29	31,087	D
Common Shares of Beneficial Interest	02/23/2026		F		501(3)	D	$12.29	30,586	D
Common Shares of Beneficial Interest	02/23/2026		A		11,111(4)	A	$0	41,697(5)	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
Performance-Based Restricted Share Units	(1)	02/23/2026		A		1,263		(1)	(1)	Common Shares of Beneficial Interest	1,263	$0	1,263	D
Performance-Based Restricted Share Units	(1)	02/23/2026		M			1,263	(1)	(1)	Common Shares of Beneficial Interest	1,263	$0	0	D
Performance-Based Restricted Share Units	(2)	02/23/2026		A		2,056		(2)	(2)	Common Shares of Beneficial Interest	2,056	$0	2,056	D
Performance-Based Restricted Share Units	(2)	02/23/2026		M			2,056	(2)	(2)	Common Shares of Beneficial Interest	2,056	$0	0	D

Explanation of Responses:

1. This performance-based restricted share unit (PSU) award was granted on March 12, 2024 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2024, 2025 and 2026. 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%.

2. 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%.

3. Represents shares withheld for taxes upon vesting of performance-based restricted stock units.

4. 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.

5. The reported amount consists of 20,101 restricted stock units and 21,596 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 Ms. Tidmore	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did PennyMac (PMT) executive Abbie Tidmore report?

Abbie Tidmore reported performance-based equity awards vesting and conversion into common shares, plus a new restricted stock unit grant. The filing also shows shares withheld for taxes, resulting in a mix of acquisitions and tax-related dispositions while increasing overall equity-based exposure.

How many PennyMac (PMT) shares were acquired through PSU vesting?

Tidmore’s PSUs vested into 1,263 and 2,056 common shares, matching the units exercised. These awards were granted earlier and vested after meeting performance criteria based on return on equity and relative total stockholder return for the 2025 fiscal year.

Were any PennyMac (PMT) shares sold on the open market in this Form 4?

The filing shows 308 and 501 common shares disposed of at $12.29 per share, but footnotes state these were withheld to satisfy tax obligations on vesting. They are not described as discretionary open-market sales by the reporting person.

What new equity award did Abbie Tidmore receive from PennyMac (PMT)?

Tidmore received 11,111 restricted stock units that vest in three equal installments beginning on the first anniversary of grant. Each unit is scheduled to settle in one common share upon vesting, further aligning compensation with future company performance and share value.

What are Tidmore’s total reported PennyMac (PMT) holdings after these transactions?

After the reported transactions, Tidmore holds 20,101 restricted stock units and 21,596 common shares of beneficial interest, all directly. The restricted stock units are expected to settle in an equal number of common shares as they vest over the specified schedule.

How were PennyMac (PMT) performance goals reflected in the PSU payout?

The PSU awards for the 2025 fiscal year paid out at 79.2%, based on return on equity and relative total stockholder return from January 1, 2025 through December 31, 2025. This percentage determined how many common shares were delivered upon vesting.