0001127602-24-010153.txt : 20240314 0001127602-24-010153.hdr.sgml : 20240314 20240314173729 ACCESSION NUMBER: 0001127602-24-010153 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240312 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STARK DEREK CENTRAL INDEX KEY: 0001198631 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34416 FILM NUMBER: 24751439 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PennyMac Mortgage Investment Trust CENTRAL INDEX KEY: 0001464423 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 270186273 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: (818) 224-7442 MAIL ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 4 1 form4.xml PRIMARY DOCUMENT X0508 4 2024-03-12 0001464423 PennyMac Mortgage Investment Trust PMT 0001198631 STARK DEREK C/O PENNYMAC MORTGAGE INVESTMENT TRUST 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 Chief Legal Officer 0 Common Shares of Beneficial Interest 2024-03-12 4 A 0 5483 0 A 44231 D Common Shares of Beneficial Interest 2024-03-12 4 M 0 2294 0 A 31214 D Common Shares of Beneficial Interest 2024-03-12 4 M 0 3841 0 A 35055 D Common Shares of Beneficial Interest 2024-03-12 4 M 0 3693 0 A 38748 D Common Shares of Beneficial Interest 2024-03-12 4 F 0 819 14.28 D 43412 D Common Shares of Beneficial Interest 2024-03-12 4 F 0 1371 14.28 D 42041 D Common Shares of Beneficial Interest 2024-03-12 4 F 0 1318 14.28 D 40723 D Performance-Based Restricted Share Units 2024-03-12 4 A 0 2294 0 A Common Shares of Beneficial Interest 2294 2294 D Performance-Based Restricted Share Units 2024-03-12 4 M 0 2294 0 D Common Shares of Beneficial Interest 2294 0 D Performance-Based Restricted Share Units 2024-03-12 4 A 0 3841 0 A Common Shares of Beneficial Interest 3841 3841 D Performance-Based Restricted Share Units 2024-03-12 4 M 0 3841 0 D Common Shares of Beneficial Interest 3841 0 D Performance-Based Restricted Share Units 2024-03-12 4 A 0 3693 0 A Common Shares of Beneficial Interest 3693 3693 D Performance-Based Restricted Share Units 2024-03-12 4 M 0 3693 0 D Common Shares of Beneficial Interest 3693 0 D The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of grant, are to be settled in an equal number of shares of common stock upon vesting. This performance-based restricted share unit (PSU) award was granted on February 17, 2021and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2021, 2022 and 2023. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 158.9%. This performance-based restricted share unit (PSU) award was granted on February 25, 2022 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2022, 2023 and 2024. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 187.5%. This performance-based restricted share unit (PSU) award was granted on February 28, 2023 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2023, 2024 and 2025. The PSU vested as to one-third on March 12, 2024 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2023 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2023 through December 31, 2023 resulting in a payout of 150%. Represents shares withheld for taxes upon vesting of performance-based restricted stock units. The reported amount consists of 11,188 restricted share units and 29,535 Common Shares of beneficial interest. The restricted share units are to be settled in an equal number of Common Shares of beneficial interest upon vesting. /s/ Derek Stark 2024-03-14