PennyMac (NYSE: PMT) CRO withholds 484 shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PennyMac Mortgage Investment Trust Chief Revenue Officer Abbie Tidmore reported a routine tax-related share withholding. On the vesting of restricted share units, 484 common shares of beneficial interest were withheld to cover taxes at a price of $11.89 per share. After this non-open-market disposition, Tidmore holds 40,745 common shares and restricted stock units in total, consisting of 16,669 restricted stock units and 24,076 common shares of beneficial interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tidmore Abbie
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares of Beneficial Interest | 484 | $11.89 | $6K |
Holdings After Transaction:
Common Shares of Beneficial Interest — 40,745 shares (Direct)
Footnotes (1)
- Represents shares withheld for taxes upon vesting of restricted share units. The reported amount consists of 16,669 restricted stock units and 24,076 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.
FAQ
What did PennyMac (PMT) Chief Revenue Officer Abbie Tidmore report in this Form 4?
Abbie Tidmore reported that 484 common shares of beneficial interest were withheld to cover taxes upon vesting of restricted share units. This is a non-open-market, tax-related disposition rather than a discretionary share sale.
What are Abbie Tidmore’s holdings in PennyMac (PMT) after this transaction?
Following the tax withholding, Abbie Tidmore’s reported holdings total 40,745 units. This amount consists of 16,669 restricted stock units that will settle in shares upon vesting and 24,076 common shares of beneficial interest held directly.
Was the PennyMac (PMT) Chief Revenue Officer’s transaction an open-market sale?
No, the transaction was not an open-market sale. The 484 shares were withheld by the company to pay taxes due upon restricted share unit vesting, a common administrative mechanism that does not reflect a discretionary decision to sell shares.
What do the restricted stock units in the PennyMac (PMT) filing represent?
The 16,669 restricted stock units represent a form of equity compensation. According to the filing, they will be settled in an equal number of shares of common stock upon vesting, increasing the share count as they convert over time.