Daniel Stanley Perotti - 24 Feb 2025 Form 4 Insider Report for PennyMac Mortgage Investment Trust (PMT)

Role: Chief Financial Officer
Signature: /s/ Derek W. Stark, attorney-in-fact for Mr. Perotti
Issuer symbol: PMT
Transactions as of: 24 Feb 2025
Net transactions value: -$99,404
Form type: 4
Filing time: 26 Feb 2025, 21:59:59 UTC
Previous filing: 25 Feb 2025
Next filing: 04 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PMT	Common Shares of Beneficial Interest	Award	$0	+15,946	+29%	$0.000000	70,920	24 Feb 2025	Direct	F1
transaction	PMT	Common Shares of Beneficial Interest	Options Exercise	$0	+5,160	+7.3%	$0.000000	76,080	24 Feb 2025	Direct
transaction	PMT	Common Shares of Beneficial Interest	Options Exercise	$0	+5,634	+7.4%	$0.000000	81,714	24 Feb 2025	Direct
transaction	PMT	Common Shares of Beneficial Interest	Options Exercise	$0	+5,112	+6.3%	$0.000000	86,826	24 Feb 2025	Direct
transaction	PMT	Common Shares of Beneficial Interest	Tax liability	$25,932	-1,847	-2.1%	$14.04	84,979	24 Feb 2025	Direct
transaction	PMT	Common Shares of Beneficial Interest	Tax liability	$28,365	-2,016	-2.4%	$14.07	82,963	24 Feb 2025	Direct
transaction	PMT	Common Shares of Beneficial Interest	Tax liability	$25,748	-1,830	-2.2%	$14.07	81,133	24 Feb 2025	Direct
transaction	PMT	Common Shares of Beneficial Interest	Tax liability	$19,359	-1,372	-1.7%	$14.11	79,761	25 Feb 2025	Direct
holding	PMT	Common Shares of Beneficial Interest						56,753	24 Feb 2025	The Perotti Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PMT	Performance-Based Restricted Share Units	Award	$0	+5,160		$0.000000	5,160	24 Feb 2025	Common Shares of Beneficial Interest	5,160		Direct	F2
transaction	PMT	Performance-Based Restricted Share Units	Options Exercise	$0	-5,160	-100%	$0.000000	0	24 Feb 2025	Common Shares of Beneficial Interest	5,160		Direct	F2
transaction	PMT	Performance-Based Restricted Share Units	Award	$0	+5,634		$0.000000	5,634	24 Feb 2025	Common Shares of Beneficial Interest	5,634		Direct	F3
transaction	PMT	Performance-Based Restricted Share Units	Options Exercise	$0	-5,634	-100%	$0.000000	0	24 Feb 2025	Common Shares of Beneficial Interest	5,634		Direct	F3
transaction	PMT	Performance-Based Restricted Share Units	Award	$0	+5,112		$0.000000	5,112	24 Feb 2025	Common Shares of Beneficial Interest	5,112		Direct	F4
transaction	PMT	Performance-Based Restricted Share Units	Options Exercise	$0	-5,112	-100%	$0.000000	0	24 Feb 2025	Common Shares of Beneficial Interest	5,112		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the grant date, are to be settled in an equal number of shares of common stock upon vesting.
F2	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 February 24, 2025 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2024 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2024 through December 31, 2024 resulting in a payout of 110.2%.
F3	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 February 24, 2025 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2024 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2024 through December 31, 2024 resulting in a payout of 80.1%.
F4	This performance-based restricted share unit (PSU) award was granted on March 12, 2024 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2024, 2025 and 2026. The PSU vested as to one-third on February 24, 2025 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2024 fiscal year was determined based on a return on equity and relative total stockholder return for the period of January 1, 2024 through December 31, 2024 resulting in a payout of 80.1%.