Form 4: PennyMac Mortgage Investment Trust: Chief Legal Officer Reports Share Transaction
SEC Form 4 Filing
Derek Stark, Chief Legal Officer of PennyMac Mortgage Investment Trust, reports the withholding of 719 common shares for taxes upon vesting of restricted share units on February 28, 2024, leaving him with 28,920 shares.
Summary
- On February 28, 2024, Derek Stark, the Chief Legal Officer of PennyMac Mortgage Investment Trust, had 719 common shares withheld for taxes.
- This was due to the vesting of restricted share units.
- The price per share was $13.81.
- Following this transaction, Stark beneficially owns 28,920 common shares, which includes 5,705 restricted share units and 23,215 common shares of beneficial interest.
- The restricted share units will be settled in an equal number of common shares upon vesting.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to the vesting of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction where 719 shares were withheld for taxes. |
| 02/29/2024 | Date of signature for the SEC Form 4 filing. |
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