{"url_path":"/sec/pmtw/8-k/2026-06-16/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-16","source_url":"https://www.sec.gov/Archives/edgar/data/1464423/0001193125-26-272861-index.html","accession_number":"0001193125-26-272861","cik":"0001464423","ticker":"PMT","issuer_name":"PennyMac Mortgage Investment Trust","edgar_url":"https://www.sec.gov/Archives/edgar/data/1464423/0001193125-26-272861-index.html","primary_entity_key":"0001464423","primary_entity_name":"PennyMac Mortgage Investment Trust"},"word_count":283,"has_tables":true,"body_markdown":"Item 5.02\n\nDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\nElection of Trustee. On June 15, 2026, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Scott Sauer as a Class III Trustee. Mr. Sauer will serve until the Company’s 2027 Annual Meeting of Shareholders and until his successor is duly elected and qualified or until his earlier death, resignation or removal. Mr. Sauer will also serve as a member on the Risk Committee.\n\nIn consideration for his services as a trustee, Mr. Sauer will be entitled to receive compensation on the same terms and in the same amounts as the Company’s other non-management trustees. Accordingly, Mr. Sauer will receive an annual base retainer of $105,000 and an annual committee retainer of $7,750 for serving on the Risk Committee.\n\nIn connection with his election to the Board, Mr. Sauer will receive a one-time equity grant of $130,000 in restricted share units under the Company’s 2019 Equity Incentive Plan with such amount to be prorated based on days of service on the Board during the annual equity award cycle. The restricted share units shall vest annually on the first anniversary of the grant date, subject to continued service through such vesting date, and are entitled to dividend equivalents throughout the vesting period. In addition, Mr. Sauer will enter into an indemnification agreement with the Company in the same form that the Company has entered into with its other trustees. There are no other arrangements or understandings pursuant to which Mr. Sauer was elected as a trustee, and there are no related party transactions between the Company and Mr. Sauer."}