PennyMac (PMT) CEO has 5,255 shares withheld for tax payment

Rhea-AI Filing Summary

PennyMac Mortgage Investment Trust reported that Chairman and CEO David Spector had 5,255 Common Shares of Beneficial Interest withheld on tax-withholding disposition to cover taxes due upon vesting of restricted share units. This was not an open-market sale but a mechanism to satisfy tax obligations. After this transaction, he directly owns 420,487 shares, consisting of 105,026 restricted share units and 315,461 Common Shares of Beneficial Interest, with the restricted units 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)
03/12/2026

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	03/12/2026		F		5,255(1)	D	$11.89	420,487(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 105,026 restricted share units and 315,461 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	03/16/2026
	** 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 insider transaction did PennyMac Mortgage Investment Trust (PMT) report for David Spector?

PennyMac reported that CEO David Spector had 5,255 Common Shares withheld on March 12, 2026 to cover tax obligations upon vesting of restricted share units. This disposition was coded as F, a tax-withholding event, not an open-market sale.

Was the PMT CEO’s Form 4 transaction an open-market sale of shares?

No, the Form 4 shows no open-market sale. Instead, 5,255 shares were withheld by the company to pay taxes due on vesting restricted share units. This is a routine, non-market tax-settlement transaction, not a discretionary sale of stock into the market.

How many PMT shares does CEO David Spector hold after the reported tax withholding?

After the transaction, David Spector holds 420,487 shares directly. This total includes 105,026 restricted share units and 315,461 Common Shares of Beneficial Interest, with the restricted units to be settled in an equal number of common shares as they vest.

What does transaction code F mean in the PMT CEO’s Form 4 filing?

Transaction code F indicates a tax-withholding disposition, where shares are delivered to the issuer to pay exercise price or tax liabilities. In this case, 5,255 shares were withheld to satisfy taxes upon vesting of restricted share units, not sold on the open market.

How are the PMT CEO’s restricted share units treated according to the filing?

The filing states that 105,026 restricted share units will be settled in an equal number of Common Shares of Beneficial Interest upon vesting. These units are part of David Spector’s total 420,487-share direct holding following the reported tax-withholding transaction.

What ownership type is reported for David Spector’s PMT shares after the transaction?

The Form 4 lists David Spector’s holdings as direct ownership, coded as D. After withholding 5,255 shares for taxes tied to restricted share unit vesting, he directly owns 420,487 shares of PennyMac Mortgage Investment Trust securities.