PennyMac (NYSE: PMT) CLO reports tax withholding on vested RSUs

Rhea-AI Filing Summary

PennyMac Mortgage Investment Trust Chief Legal Officer Derek Stark reported a routine tax-related share disposition. On vesting of restricted share units, 931 Common Shares of beneficial interest were withheld to cover taxes at an indicated value of $11.89 per share. Following this withholding, Stark directly holds 62,539 shares, consisting of 18,255 restricted share units and 44,284 Common Shares of beneficial interest, with the restricted units to be settled in an equal number of shares upon vesting. This event reflects compensation-related tax withholding rather than an open-market sale.

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^*

STARK DEREK

(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 Legal Officer

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		931(1)	D	$11.89	62,539(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 18,255 restricted share units and 44,284 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 Stark	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 PMT Chief Legal Officer Derek Stark report?

Derek Stark reported a tax-related share disposition, where 931 Common Shares were withheld to cover taxes upon vesting of restricted share units at an indicated value of $11.89 per share. This is a compensation-driven withholding rather than an open-market trade.

Was the PennyMac (PMT) insider transaction an open-market sale of shares?

No. The 931 shares were withheld to satisfy tax obligations upon restricted share unit vesting, not sold in the open market. This type of Form 4 transaction reflects automatic tax withholding tied to equity compensation rather than a discretionary buy or sell decision.

How many PennyMac (PMT) shares does Derek Stark hold after this Form 4 event?

After the tax withholding, Derek Stark directly holds 62,539 shares. This reported amount includes 18,255 restricted share units and 44,284 Common Shares of beneficial interest, with the restricted units scheduled to settle into an equal number of shares when they vest.

What are restricted share units (RSUs) in the context of PennyMac (PMT)?

Restricted share units are equity awards that convert into shares upon vesting. In this filing, Stark holds 18,255 restricted share units that will be settled in an equal number of Common Shares of beneficial interest at vesting, forming part of his overall equity-based compensation package.

Does this PennyMac (PMT) Form 4 indicate a change in Derek Stark’s investment stance?

The filing shows tax withholding on equity compensation rather than a discretionary trade, so it provides limited insight into investment views. Stark continues to hold 62,539 shares, combining restricted share units and Common Shares of beneficial interest after the withholding.