Form 4: PennyMac CFO Daniel Perotti Reports Changes in Beneficial Ownership
SEC Form 4
Daniel Perotti, CFO of PennyMac Mortgage Investment Trust, reports the acquisition and disposal of common shares due to tax withholding upon vesting of restricted share units.
Summary
- On February 28, 2024, Daniel Stanley Perotti, the Chief Financial Officer of PennyMac Mortgage Investment Trust, reported changes in his beneficial ownership of the company's common shares.
- Specifically, 2,054 common shares were disposed of at a price of $13.81 due to tax withholding upon the vesting of restricted share units.
- Following the transaction, Mr. Perotti directly owns 27,509 common shares, which includes 15,344 restricted share units and 12,165 common shares.
- He also indirectly owns 56,753 common shares through The Perotti Family Trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax withholding, so it has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on company stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction involving common shares. |
| 02/29/2024 | Date of signature for the report. |
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