PennyMac Mortgage (NYSE: PMT) exec equity awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PennyMac Mortgage Investment Trust director and president Doug Jones reported multiple equity award and vesting transactions tied to performance-based restricted share units and restricted stock units. Several PSU awards granted in 2023, 2024 and 2025 vested one-third on February 23, 2026 based on a 79.2% payout factor for 2025 performance metrics.
The vested PSUs were exercised into common shares of beneficial interest, and a portion of those shares was withheld to cover tax obligations at prices of $12.29 and $23.29 per share. Jones also received a new restricted stock unit grant of 37,037 common shares that will vest in three equal annual installments.
Following these transactions, Jones holds a reported total of 107,913 common shares of beneficial interest, consisting of 80,841 restricted share units and 27,072 common shares, with the restricted units settling into an equal number of common shares upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,860 shares exercised/converted
Mixed
13 txns
Insider
Jones Doug
Role
Director, President & CMBO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Share Units | 5,569 | $0.00 | -- |
| Exercise | Performance-Based Restricted Share Units | 5,569 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Share Units | 6,063 | $0.00 | -- |
| Exercise | Performance-Based Restricted Share Units | 6,063 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Share Units | 8,228 | $0.00 | -- |
| Exercise | Performance-Based Restricted Share Units | 8,228 | $0.00 | -- |
| Exercise | Common Shares of Beneficial Interest | 5,569 | $0.00 | -- |
| Exercise | Common Shares of Beneficial Interest | 6,063 | $0.00 | -- |
| Exercise | Common Shares of Beneficial Interest | 8,228 | $0.00 | -- |
| Tax Withholding | Common Shares of Beneficial Interest | 2,834 | $12.29 | $35K |
| Tax Withholding | Common Shares of Beneficial Interest | 3,085 | $23.29 | $72K |
| Tax Withholding | Common Shares of Beneficial Interest | 4,187 | $12.29 | $51K |
| Grant/Award | Common Shares of Beneficial Interest | 37,037 | $0.00 | -- |
Holdings After Transaction:
Performance-Based Restricted Share Units — 5,569 shares (Direct);
Common Shares of Beneficial Interest — 66,691 shares (Direct)
Footnotes (1)
- This performance-based restricted share unit (PSU) award was granted on February 28, 2023 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2023, 2024 and 2025. 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%. 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%. 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%. Represents shares withheld for taxes upon vesting of performance-based restricted share units. The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of grant, are to be settled in an equal number of shares of common stock upon vesting. The reported amount consists of 80,841 restricted share units and 27,072 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.
FAQ
What insider transactions did Doug Jones report at PennyMac Mortgage Investment Trust (PMT)?
Doug Jones reported PSU vesting, derivative exercises into common shares, tax-withholding dispositions, and a new restricted stock unit grant. Several performance-based PSU awards partially vested for 2025 performance, and a 37,037-share RSU award was granted, all settled or settling in common shares over time.
How were the performance-based PSU awards for PMT’s Doug Jones structured and vested?
Jones’ PSUs granted in 2023, 2024 and 2025 may vest in three equal installments, each subject to performance criteria for fiscal years 2023–2027. One-third of each award vested on February 23, 2026, with the 2025 fiscal-year payout determined at 79.2% based on return on equity and relative stockholder return.
What new restricted stock unit grant did Doug Jones receive from PennyMac Mortgage Investment Trust?
Jones was granted 37,037 restricted stock units in common shares of beneficial interest. These units vest in three equal installments beginning on the first anniversary of grant and are to be settled in an equal number of common shares upon vesting, increasing his equity-based compensation exposure to PMT’s performance.