Tidmore Abbie 4
Research Summary
AI-generated summary
PennyMac (PMT) CRO Abbie Tidmore Withholds 484 Shares for Taxes
What Happened
- Abbie Tidmore, Chief Revenue Officer of PennyMac Mortgage Investment Trust (PMT), had 484 shares withheld to satisfy tax withholding upon vesting of restricted stock units. The withholding was reported as a disposition of 484 shares at $11.89 per share, totaling approximately $5,755. This is a routine tax-withholding transaction (code F), not an open-market sale motivated by an investment decision.
Key Details
- Transaction date: 2026-03-12; Price: $11.89 per share; Total value withheld: ~$5,755.
- Amount of securities reported after the transaction: 24,076 common shares and 16,669 restricted stock units (RSUs) — the RSUs will convert to the same number of shares upon vesting. (See footnote F2.)
- Footnote F1 clarifies the 484 shares were withheld to cover taxes upon RSU vesting. Footnote F2 explains the reported holdings include both outstanding common shares and RSUs pending settlement.
- Filing date: 2026-03-16. The Form 4 was filed within the standard two-business-day window following the March 12 transaction, so it was timely.
Context
- This was a tax-withholding disposition tied to RSU vesting (transaction code F). Such withholdings are common and generally reflect tax obligations rather than a signal about the insider’s view of the stock.