Form 4: PennyMac Mortgage Investment Trust: Doug Jones Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Doug Jones, Director, President & CMBO of PennyMac Mortgage Investment Trust, reports changes in beneficial ownership of common shares due to tax withholding upon vesting of restricted share units.
Summary
- On February 28, 2024, Doug Jones, a Director, President & CMBO of PennyMac Mortgage Investment Trust (PMT), reported a transaction involving common shares of beneficial interest.
- 2,782 shares were disposed of to cover taxes upon the vesting of restricted share units at a price of $13.81 per share.
- Following the transaction, Mr. Jones beneficially owns 61,121 common shares, including 16,301 restricted share units and 44,820 common shares.
- The restricted share units will be settled in an equal number of common shares upon vesting.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: shares withheld for taxes upon vesting of restricted share units |
| 02/29/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.