Form 4: PennyMac Mortgage Investment Trust: Chief Digital Officer Follette Reports Share Transaction
SEC Form 4 Filing
James Follette, Chief Digital Officer of PennyMac Mortgage Investment Trust, reports the withholding of 411 shares for taxes upon vesting of restricted stock units on February 28, 2024, leaving him with 8,975 shares.
Summary
- On February 28, 2024, James Follette, the Chief Digital Officer of PennyMac Mortgage Investment Trust, reported a transaction involving the company's common shares.
- 411 shares were withheld for taxes upon the vesting of restricted stock units at a price of $13.81 per share.
- Following the transaction, Follette beneficially owns 8,975 shares, consisting of 2,302 restricted stock units and 6,673 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding an insider transaction, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It is a standard practice for executives to have shares withheld to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: shares withheld for taxes upon vesting of restricted stock units |
| 02/29/2024 | Date of signature by attorney-in-fact |
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