ELBAUM MARK 4

4 · PennyMac Mortgage Investment Trust · Filed Feb 25, 2026

Form 4

Period: 2026-02-23

Chief Capital Markets Officer

Transactions

Exercise/Conversion
Common Shares of Beneficial Interest
[F1]
2026-02-23+3,085→ 12,652 total
Tax Payment
Common Shares of Beneficial Interest
[F2]
2026-02-23$12.29/sh−1,208$14,846→ 11,444 total
Award
Common Shares of Beneficial Interest
[F3][F4]
2026-02-23+18,518→ 29,962 total
Award
Performance-Based Restricted Share Units
[F1]
2026-02-23+3,085→ 3,085 total
→ Common Shares of Beneficial Interest (3,085 underlying)
Exercise/Conversion
Performance-Based Restricted Share Units
[F1]
2026-02-23−3,085→ 0 total
→ Common Shares of Beneficial Interest (3,085 underlying)

Footnotes (4)

[F1]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%.
[F2]Represents shares withheld for taxes upon vesting of performance-based restricted stock units.
[F3]The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of the grant, are to be settled in an equal number of shares of Common Stock upon vesting.
[F4]The reported amount consists of 28,085 restricted stock units and 1,877 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.

Signature

/s/ Derek W. Stark, attorney-in-fact for Mr. Elbaum|2026-02-25

Documents

1 file