STARK DEREK 4

What Happened

• Derek Stark, Chief Legal Officer of PennyMac Mortgage Investment Trust (PMT), had 954 shares disposed (withheld) to cover taxes upon the vesting of restricted stock units. The shares were reported at $12.15 each, for a total disposition value of $11,591.
• This was a tax-withholding transaction tied to RSU vesting (routine disposition), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-24; Price per share: $12.15; Shares withheld/disposed: 954; Total value: $11,591.
• Filing date (Form 4): 2026-02-26 (filed two days after the transaction, appearing timely under Form 4 rules).
• Shares owned following transaction (reported): consists of 22,098 restricted share units and 42,398 Common Shares of beneficial interest (per filing footnote), i.e., the RSUs will convert to an equal number of common shares upon vesting.
• Footnotes: F1 = shares withheld for taxes on RSU vesting; F2 = reported beneficial ownership includes 22,098 RSUs and 42,398 common shares.

Context

• This was a withholding-for-taxes event related to RSU vesting (code F), a common administrative disposition that does not necessarily indicate a change in the insider’s view of the company.
• The RSUs are to be settled into an equal number of common shares upon vesting; only a small portion (954 shares) was withheld to satisfy tax obligations.