Jones Doug 4

What Happened
Doug Jones, President & Chief Mortgage Banking Officer (and director) of PennyMac Mortgage Investment Trust (PMT), had 4,017 shares withheld to satisfy tax withholding obligations upon vesting of restricted share units. The withholding was recorded at $12.15 per share, a total value of approximately $48,807. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (appears timely).
• Withheld/disposed: 4,017 shares at $12.15 each; total ~$48,807.
• Shares owned after the transaction (as reported): 72,337 restricted share units and 31,559 common shares of beneficial interest (total 103,896 instruments reported).
• Footnote: F1 indicates shares were withheld for taxes upon RSU vesting. F2 clarifies the reported amount consists of 72,337 RSUs (to be settled 1:1 into common shares upon vesting) and 31,559 common shares.
• Transaction code F = tax withholding on vesting (routine administrative disposition).

Context
Withholding shares to cover taxes on vested RSUs is a common, administrative action and not the same as an insider selling shares on the open market. The reported RSUs will convert to common shares upon vesting; the withheld shares represent the portion used to satisfy tax obligations rather than a directional bet on the stock.