Trustee at PennyMac (NYSE: PMT) awarded 10,699 restricted share units

Rhea-AI Filing Summary

Stewart Stacey D. reported acquisition or exercise transactions in this Form 4 filing.

PennyMac Mortgage Investment Trust director Stacey D. Stewart received an equity award rather than buying shares on the market. She was granted 10,699 restricted share units on February 23, 2026 in connection with her service as a Trustee, at no cash cost per unit.

The restricted share units vest in full on the first anniversary of the grant date and will be settled in an equal number of common shares of beneficial interest upon vesting. After this grant, her reported holdings total 70,282 common shares of beneficial interest, consisting of 18,494 restricted share units and 51,788 common shares.

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
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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^*

Stewart Stacey D.

(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
	Officer (give title below)		Other (specify below)

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		A		10,699(1)	A	$0	70,282(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. The Reporting Person was granted restricted share units in connection with her service as a Trustee. The restricted share units, which vest in full on the first anniversary of the grant date, are to be settled in an equal number of common shares of beneficial interest upon vesting.

2. The reported amount consists of 18,494 restricted share units and 51,788 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 Stacey D. Stewart	02/25/2026
	** 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 PMT director Stacey D. Stewart report on this Form 4?

Stacey D. Stewart reported receiving 10,699 restricted share units in PennyMac Mortgage Investment Trust. The grant was made in connection with her service as a Trustee and involved no cash payment, reflecting stock-based compensation rather than an open-market purchase of PMT shares.

How many PennyMac (PMT) shares does Stacey D. Stewart hold after this award?

After the award, Stacey D. Stewart is reported to hold 70,282 common shares of beneficial interest in PennyMac. This total consists of 18,494 restricted share units that will convert into shares at vesting and 51,788 already-issued common shares of beneficial interest.

What are the vesting terms of Stacey D. Stewart’s new PMT restricted share units?

The 10,699 restricted share units granted to Stacey D. Stewart vest in full on the first anniversary of the grant date. Once vested, each restricted share unit will be settled in one common share of beneficial interest in PennyMac Mortgage Investment Trust.

Was cash paid for the 10,699 restricted share units granted to the PMT director?

No cash was paid for this award. The 10,699 restricted share units were granted at a reported price of $0.0000 per unit, indicating stock-based compensation provided to Stacey D. Stewart for her service as a Trustee of PennyMac Mortgage Investment Trust.

How are restricted share units treated in PennyMac (PMT) insider holdings?

In this filing, restricted share units are included in the total reported holdings. Stacey D. Stewart’s 70,282 total shares consist of 18,494 restricted share units plus 51,788 common shares, with the units converting into an equal number of common shares when they vest.