X0303 4 2011-03-08 0001464423 PennyMac Mortgage Investment Trust PMT 0001469174 Stewart Stacey D. C/O PENNYMAC MORTGAGE INVESTMENT TRUST 27001 AGOURA ROAD, THIRD FLOOR CALABASAS CA 91301 1 Common Shares of Beneficial Interest 2011-03-08 4 A 0 2250 0 A 4500 D Ms. Stewart was granted 2,250 restricted share units. The restricted share units, which vest in three equal annual installments beginning on the first anniversary of the grant date, are to be settled in an equal number of common shares of beneficial interest upon vesting. /s/ Stacey D. Stewart 2011-03-11