Perotti Daniel Stanley 4

What Happened

• Daniel Stanley Perotti, Chief Financial Officer of PennyMac Mortgage Investment Trust (PMT), had 2,658 shares withheld on 2026-03-12 to satisfy tax withholding related to the vesting of restricted share units (RSUs). The shares were valued at $11.89 each, totaling approximately $31,604.
• This was a tax-withholding disposition (transaction code F), not an open-market sale — a routine administrative step when RSUs vest.

Key Details

• Transaction date: 2026-03-12; withholding price: $11.89 per share; total value withheld: $31,604.
• Amount withheld/disposed: 2,658 shares (code F).
• Amount beneficially owned after the transaction: 18,905 Common Shares and 34,372 RSUs (total economic interest of 53,277 shares once RSUs vest).
• Footnote F1: Shares were withheld to cover taxes upon vesting of RSUs. Footnote F2: Reported ownership consists of 34,372 RSUs and 18,905 Common Shares; RSUs settle into an equal number of common shares upon vesting.
• Filing: Form 4 filed 2026-03-16 (covers transaction date 2026-03-12); filed within the SEC’s 2-business-day window (timely).

Context

• Tax-withholding dispositions are common when RSUs vest and do not necessarily signal insider sentiment about the stock — they’re administrative actions to satisfy tax obligations.
• For retail investors, purchases or open-market insider buys often carry more weight as potential bullish signals; routine withholdings like this are typically neutral informationally.