0001127602-24-010155.txt : 20240314
0001127602-24-010155.hdr.sgml : 20240314
20240314174003
ACCESSION NUMBER: 0001127602-24-010155
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: Jones Doug
CENTRAL INDEX KEY: 0001544302
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34416
FILM NUMBER: 24751470
MAIL ADDRESS:
STREET 1: C/O PENNYMAC
STREET 2: 6101 CONDOR DRIVE, UPPER LEVEL
CITY: MOORPARK
STATE: CA
ZIP: 93021
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
0001544302
Jones Doug
C/O PENNYMAC MORTGAGE INVESTMENT TRUST
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE
CA
91361
1
1
Director, President & CMBO
0
Common Shares of Beneficial Interest
2024-03-12
4
A
0
18802
0
A
100523
D
Common Shares of Beneficial Interest
2024-03-12
4
M
0
6884
0
A
60195
D
Common Shares of Beneficial Interest
2024-03-12
4
M
0
10974
0
A
71169
D
Common Shares of Beneficial Interest
2024-03-12
4
M
0
10552
0
A
81721
D
Common Shares of Beneficial Interest
2024-03-12
4
F
0
3489
14.28
D
97034
D
Common Shares of Beneficial Interest
2024-03-12
4
F
0
5562
14.28
D
91472
D
Common Shares of Beneficial Interest
2024-03-12
4
F
0
5348
14.28
D
86124
D
Performance-Based Restricted Share Units
2024-03-12
4
A
0
6884
0
A
Common Shares of Beneficial Interest
6884
6884
D
Performance-Based Restricted Share Units
2024-03-12
4
M
0
6884
0
D
Common Shares of Beneficial Interest
6884
0
D
Performance-Based Restricted Share Units
2024-03-12
4
A
0
10974
0
A
Common Shares of Beneficial Interest
10974
10974
D
Performance-Based Restricted Share Units
2024-03-12
4
M
0
10974
0
D
Common Shares of Beneficial Interest
10974
0
D
Performance-Based Restricted Share Units
2024-03-12
4
A
0
10552
0
A
Common Shares of Beneficial Interest
10552
10552
D
Performance-Based Restricted Share Units
2024-03-12
4
M
0
10552
0
D
Common Shares of Beneficial Interest
10552
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 share units.
The reported amount consists of 35,103 restricted share units and 51,021 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 W. Stark, attorney-in-fact for Mr. Jones
2024-03-14