Follette James 4
4 · PennyMac Mortgage Investment Trust · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
PennyMac (PMT) Chief Digital Officer James Follette Sells 382 Shares
What Happened
James Follette, Chief Digital Officer of PennyMac Mortgage Investment Trust (PMT), had 382 shares withheld to cover tax withholding related to the vesting of restricted stock units (RSUs). The withheld shares were valued at $12.15 each, for a total of $4,641. This was a tax-withholding disposal (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-24; Filing date: 2026-02-26 (timely Form 4, filed within the typical two-business-day window).
- Action: Shares withheld to satisfy tax liability on RSU vesting (F).
- Quantity withheld/disposed: 382 shares at $12.15 per share; total value ~$4,641.
- Holdings after transaction (per filing footnote): 13,044 shares of Common Stock and 9,069 RSUs (the RSUs will convert to an equal number of shares upon vesting).
- Footnotes: F1 = shares withheld for taxes on RSU vesting; F2 = reported holdings split between 9,069 RSUs and 13,044 common shares.
Context
Tax-withholding disposals upon RSU vesting are routine administrative transactions and do not necessarily signal any change in an insider's view of the company. The RSUs reported will be settled 1:1 into common shares upon vesting; only a small portion (382 shares) was retained by the company to cover taxes.
Insider Transaction Report
- Tax Payment
Common Shares of Beneficial Interest
[F1][F2]2026-02-24$12.15/sh−382$4,641→ 22,113 total
Footnotes (2)
- [F1]Represents shares withheld for taxes upon vesting of restricted stock units.
- [F2]The reported amount consists of 9,069 restricted stock units and 13,044 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.