STARK DEREK 4
4 · PennyMac Mortgage Investment Trust · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
PennyMac (PMT) CLO Derek Stark Withholds 931 Shares for Taxes
What Happened
Derek Stark, Chief Legal Officer of PennyMac Mortgage Investment Trust (PMT), had 931 shares withheld on March 12, 2026 to satisfy tax withholding associated with the vesting of restricted share units (RSUs). The withheld shares were valued at $11.89 each for a total of $11,070. This transaction is a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-12; reported on Form 4 filed 2026-03-16 (timely filing).
- Withheld: 931 shares at $11.89 per share — total value ≈ $11,070.
- Shares owned after transaction (reported): 62,539 total beneficially owned, consisting of 18,255 RSUs and 44,284 common shares. The RSUs settle into an equal number of common shares upon vesting. (Footnotes F1, F2.)
- Transaction code: F — payment of tax liability/tax withholding on vesting of RSUs.
Context
This was a routine tax-withholding action tied to RSU vesting (cashless/share-withholding), not a directional buy or sell in the open market. Such withholdings are common and generally do not signal insider sentiment about the company’s outlook.
Insider Transaction Report
- Tax Payment
Common Shares of Beneficial Interest
[F1][F2]2026-03-12$11.89/sh−931$11,070→ 62,539 total
Footnotes (2)
- [F1]Represents shares withheld for taxes upon vesting of restricted share units.
- [F2]The reported amount consists of 18,255 restricted share units and 44,284 Common Shares of beneficial interest. The restricted share units are to be settled in an equal number of Common Shares of beneficial interest upon vesting.