X0306 4 2020-03-17 0001464423 PennyMac Mortgage Investment Trust PMT 0001440697 Grogin Jeffrey C/O PENNYMAC MORTGAGE INVESTMENT TRUST 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 Chief Enterprise Ops Officer Common Shares of Beneficial Interest 2020-03-17 4 M 0 3228 0 A 37888 D Common Shares of Beneficial Interest 2020-03-17 4 M 0 3120 0 A 41008 D Common Shares of Beneficial Interest 2020-03-17 4 F 0 1312 10.88 D 39696 D Common Shares of Beneficial Interest 2020-03-17 4 F 0 1547 10.88 D 38149 D Performance-Based Restricted Share Units 0 2020-03-17 4 A 0 3228 0 A Common Shares of Beneficial Interest 3228 3228 D Performance-Based Restricted Share Units 0 2020-03-17 4 M 0 3228 0 D Common Shares of Beneficial Interest 3228 0 D Performance-Based Restricted Share Units 0 2020-03-17 4 A 0 3120 0 A Common Shares of Beneficial Interest 3120 3120 D Performance-Based Restricted Share Units 0 2020-03-17 4 M 0 3120 0 D Common Shares of Beneficial Interest 3120 0 D This performance-based restricted share unit (PSU) award was granted to the Reporting Person on February 23, 2017 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2017, 2018 and 2019. The PSU vested as to one-third on March 17, 2020 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2019 fiscal year was determined based on the Issuer's return on equity (ROE) of 12.02% for the period of January 1, 2019 through December 31, 2019 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 150%. The reported amount consists of 1,702 restricted share units and 36,186 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. This performance-based restricted share unit (PSU) award was granted to the Reporting Person on March 12, 2018 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2018, 2019 and 2020. The PSU vested as to one-third on March 17, 2020 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2019 fiscal year was determined based on the Issuer's return on equity (ROE) of 12.02% for the period of January 1, 2019 through December 31, 2019 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 150%. The reported amount consists of 1,702 restricted share units and 39,306 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. Represents shares withheld for taxes upon vesting of performance-based restricted share units granted on February 23, 2017. The reported amount consists of 1,702 restricted share units and 37,994 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. Represents shares withheld for taxes upon vesting of performance-based restricted share units granted on March 12, 2018. The reported amount consists of 1,702 restricted share units and 36,447 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. /s/ Kisha Parker, attorney-in-fact for Mr. Grogin 2020-03-19