Form 4 for PMT PennyMac Mortgage Investment Trust
Accepted 2024-03-14 00:00:00 ET · period of report 2024-03-12 · accession 0001127602-24-010153 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-14 | 2024-03-12 | PMT | STARK DEREK | CLO | F - Tax | $14.28 | -3,508 | 43.4K | -7% | -$50.1K |
| DM | 2024-03-14 | 2024-03-12 | PMT | STARK DEREK | CLO | M - OptEx | $0.00 | +9,828 | 38.7K | +34% | $0 |
| D | 2024-03-14 | 2024-03-12 | PMT | STARK DEREK | CLO | A - Grant | $0.00 | +5,483 | 44.2K | +14% | $0 |
| DM | 2024-03-14 | 2024-03-12 | PMT | STARK DEREK | CLO | M - OptEx | $0.00 | -9,828 | 0 | -100% | $0 |
| DM | 2024-03-14 | 2024-03-12 | PMT | STARK DEREK | CLO | A - Grant | $0.00 | +9,828 | 3,693 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares of Beneficial Interest | 2024-03-12 | F | D | 1,371 | $14.28 | 42,041 | D | — | — | (F5) Represents shares withheld for taxes upon vesting of performance-based restricted stock units. |
| 2 | Common | Common Shares of Beneficial Interest | 2024-03-12 | F | D | 1,318 | $14.28 | 40,723 | D | — | — | (F5) Represents shares withheld for taxes upon vesting of performance-based restricted stock units. (F6) The reported amount consists of 11,188 restricted share units and 29,535 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. |
| 3 | Common | Common Shares of Beneficial Interest | 2024-03-12 | F | D | 819 | $14.28 | 43,412 | D | — | — | (F5) Represents shares withheld for taxes upon vesting of performance-based restricted stock units. |
| 4 | Common | Common Shares of Beneficial Interest | 2024-03-12 | M | A | 3,841 | $0.00 | 35,055 | D | — | — | (F3) This performance-based restricted share unit (PSU) award was granted on February 25, 2022 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2022, 2023 and 2024. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 187.5%. |
| 5 | Common | Common Shares of Beneficial Interest | 2024-03-12 | M | A | 2,294 | $0.00 | 31,214 | D | — | — | (F2) This performance-based restricted share unit (PSU) award was granted on February 17, 2021and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2021, 2022 and 2023. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 158.9%. |
| 6 | Common | Common Shares of Beneficial Interest | 2024-03-12 | A | A | 5,483 | $0.00 | 44,231 | D | — | — | (F1) 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. |
| 7 | Common | Common Shares of Beneficial Interest | 2024-03-12 | M | A | 3,693 | $0.00 | 38,748 | D | — | — | (F4) 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 March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 150%. |
| 8 | Derivative | Performance-Based Restricted Share Units | 2024-03-12 | M | D | 2,294 | $0.00 | 0 | D | — · — to — | 2,294 Common Shares of Beneficial Interest | (F2) This performance-based restricted share unit (PSU) award was granted on February 17, 2021and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2021, 2022 and 2023. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 158.9%. |
| 9 | Derivative | Performance-Based Restricted Share Units | 2024-03-12 | A | A | 2,294 | $0.00 | 2,294 | D | — · — to — | 2,294 Common Shares of Beneficial Interest | (F2) This performance-based restricted share unit (PSU) award was granted on February 17, 2021and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2021, 2022 and 2023. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 158.9%. |
| 10 | Derivative | Performance-Based Restricted Share Units | 2024-03-12 | A | A | 3,841 | $0.00 | 3,841 | D | — · — to — | 3,841 Common Shares of Beneficial Interest | (F3) This performance-based restricted share unit (PSU) award was granted on February 25, 2022 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2022, 2023 and 2024. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 187.5%. |
| 11 | Derivative | Performance-Based Restricted Share Units | 2024-03-12 | M | D | 3,841 | $0.00 | 0 | D | — · — to — | 3,841 Common Shares of Beneficial Interest | (F3) This performance-based restricted share unit (PSU) award was granted on February 25, 2022 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2022, 2023 and 2024. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 187.5%. |
| 12 | Derivative | Performance-Based Restricted Share Units | 2024-03-12 | A | A | 3,693 | $0.00 | 3,693 | D | — · — to — | 3,693 Common Shares of Beneficial Interest | (F4) 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 March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 150%. |
| 13 | Derivative | Performance-Based Restricted Share Units | 2024-03-12 | M | D | 3,693 | $0.00 | 0 | D | — · — to — | 3,693 Common Shares of Beneficial Interest | (F4) 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 March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 150%. |