0001127602-19-012197.txt : 20190319 0001127602-19-012197.hdr.sgml : 20190319 20190319160910 ACCESSION NUMBER: 0001127602-19-012197 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190315 FILED AS OF DATE: 20190319 DATE AS OF CHANGE: 20190319 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Walker David M CENTRAL INDEX KEY: 0001468934 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34416 FILM NUMBER: 19691689 MAIL ADDRESS: STREET 1: C/O PENNYMAC, 6101 CONDOR DRIVE STREET 2: UPPER LEVEL CITY: MOORPARK STATE: CA ZIP: 93021 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PennyMac Mortgage Investment Trust CENTRAL INDEX KEY: 0001464423 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 270186273 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: (818) 224-7442 MAIL ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2019-03-15 0001464423 PennyMac Mortgage Investment Trust PMT 0001468934 Walker David M C/O PENNYMAC MORTGAGE INVESTMENT TRUST 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 Chief Risk Officer Common Shares of Beneficial Interest 2019-03-15 4 M 0 2102 0 A 72560 D Common Shares of Beneficial Interest 2019-03-15 4 M 0 2743 0 A 75303 D Common Shares of Beneficial Interest 2019-03-15 4 M 0 2650 0 A 77953 D Common Shares of Beneficial Interest 2019-03-15 4 F 0 678 20.69 D 77275 D Common Shares of Beneficial Interest 2019-03-15 4 F 0 885 20.69 D 76390 D Common Shares of Beneficial Interest 2019-03-15 4 F 0 855 20.69 D 75535 D Performance-Based Restricted Share Units 0 2019-03-15 4 A 0 2102 0 A Common Shares of Beneficial Interest 2102 2102 D Performance-Based Restricted Share Units 0 2019-03-15 4 M 0 2102 0 D Common Shares of Beneficial Interest 2102 0 D Performance-Based Restricted Share Units 0 2019-03-15 4 A 0 2743 0 A Common Shares of Beneficial Interest 2743 2743 D Performance-Based Restricted Share Units 0 2019-03-15 4 M 0 2743 0 D Common Shares of Beneficial Interest 2743 0 D Performance-Based Restricted Share Units 0 2019-03-15 4 A 0 2660 0 A Common Shares of Beneficial Interest 2660 2660 D Performance-Based Restricted Share Units 0 2019-03-15 4 M 0 2650 0 D Common Shares of Beneficial Interest 2650 10 D This performance-based restricted share unit (PSU) award was granted to the Reporting Person on February 24, 2016 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending in 2016, 2017 and 2018. The PSU vested as to one-third on March 15, 2019 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2018 fiscal year was determined based on the Issuer's return on equity (ROE) of 10.10% for the period of January 1, 2018 through December 31, 2018 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 102.5%. The reported amount consists of 5,164 restricted share units and 67,396 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 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 15, 2019 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2018 fiscal year was determined based on the Issuer's return on equity (ROE) of 10.10% for the period of January 1, 2018 through December 31, 2018 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 127.5%. The reported amount consists of 5,164 restricted share units and 70,139 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 15, 2019 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2018 fiscal year was determined based on the Issuer's return on equity (ROE) of 10.10% for the period of January 1, 2018 through December 31, 2018 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 127.5%. The reported amount consists of 5,164 restricted share units and 72,789 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 24, 2016. The reported amount consists of 5,164 restricted share units and 72,111 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 5,164 restricted share units and 71,226 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 5,164 restricted share units and 70,371 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. Walker 2019-03-19