Catherine A. Lynch, a member of the board at PennyMac Mortgage Investment Trust (NYSE: PMT), purchased a total of 1,450.9361 common shares of beneficial interest on January 23, 2026. The acquisitions occurred in two transactions executed under brokers' automatic dividend reinvestment plans.
Transaction detail shows Lynch acquired 766.0407 shares at a price of $13.20 per share and 684.8954 shares at $13.28 per share. The combined consideration for the two purchases amounted to $19,207.
After these reinvestment purchases, Lynch's direct holdings in PennyMac Mortgage Investment Trust total 57,646.802 shares. That total comprises 7,795 restricted stock units slated to convert into the same number of common shares upon vesting, and 49,851.8020 common shares held outright.
In related corporate finance activity, PennyMac Mortgage Investment Trust announced that an indirect, wholly owned subsidiary, PennyMac Corp., completed a direct placement of an additional $75 million in 8.5% Exchangeable Senior Notes due 2029. The placement was registered under the Securities Act of 1933 and represents a reopening of the same series that was initially issued in May 2024 and later in December 2025.
With this latest issuance, the total outstanding principal amount of that series now stands at $366.5 million. The offering expands the outstanding balance of the exchangeable senior notes tied to the 8.5% coupon and 2029 maturity.
The disclosures in this report are limited to the transactions and capital-raising activity described above. The share purchases were executed via dividend reinvestment plans and the notes were issued through a registered direct placement by PennyMac Corp.
Key points
- Catherine A. Lynch purchased 1,450.9361 common shares on January 23, 2026, for a total of $19,207.
- Lynch's reported direct holdings are 57,646.802 shares, including 7,795 restricted stock units that will convert to an equal number of common shares upon vesting.
- PennyMac Corp. issued an additional $75 million of 8.5% Exchangeable Senior Notes due 2029, lifting the series' outstanding principal to $366.5 million.
Risks and uncertainties
- Restricted stock units in Lynch's holdings are subject to future vesting and will increase the count of common shares when settled.
- The new issuance increases the outstanding principal of the exchangeable senior notes series, which reflects continuing capital-raising activity by the company.
- The insider purchases were made through automatic dividend reinvestment plans, which differ from open-market purchases and may reflect reinvested dividends rather than discretionary buy decisions.
The items above reflect the specific transactions and financing actions disclosed and do not include any additional interpretation beyond the reported facts.