Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-16

PennyMac Mortgage Investment Trust (PMT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$12,660,536
David Spector total, FY2025
71st
CEO pay percentile vs peers
CEO-to-median pay ratio
96.31%
Say-on-pay support, latest vote
Companies that benchmark against PMT
3 companies name PMT as a compensation peer

Each company listed discloses PMT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PMT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Spector$1,483,333$0$5,437,444$2,025,687$3,608,250$0$105,822$12,660,536
Chairman and Chief Executive Officer and Trustee
Doug Jones1,298,95802,568,626956,9382,547,0000116,4887,488,010
Trustee, President and Chief Mortgage Banking Officer
Daniel Perotti500,00001,499,942558,7931,251,000061,7243,871,459
Senior Managing Director and Chief Financial Officer
Derek Stark400,0000862,416321,298909,000068,5082,561,222
Senior Managing Director, Chief Legal Officer and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
David Spector$12,660,536$10,595,840$7,258,483+2,064,696
Doug Jones7,488,0106,597,6314,319,607+890,379
Daniel Perotti3,871,4593,408,1782,344,904+463,281
Derek Stark2,561,2222,225,933174,980+335,289

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Daniel PerottiRSU2025-02-2415,946$224,998
Daniel PerottiPSU2025-02-249,74419,48938,978274,990
Derek StarkPSU2025-02-244,8729,74419,488137,488
Doug JonesPSU2025-02-2415,59131,18362,366439,992
Mark ElbaumPSU2025-02-245,84611,69323,386164,988
Derek StarkRSU2025-02-247,973112,499
Doug JonesRSU2025-02-2425,513359,988
David SpectorRSU2025-02-2444,649629,997
David SpectorPSU2025-02-2427,28554,571109,142769,997
Mark ElbaumRSU2025-02-249,567134,990
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Daniel Perotti$224,998$274,990$055.0%
Derek Stark112,499137,488055.0%
Doug Jones359,988439,992055.0%
Mark Elbaum134,990164,988055.0%
David Spector629,997769,997055.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Doug JonesPSU5,569$69,891
Derek StarkRSU2,01525,288
David SpectorRSU20,892262,195
Derek StarkPSU9,744122,287
David SpectorPSU54,571684,866
Doug JonesPSU31,183391,347
Daniel PerottiRSU10,446131,097
Derek StarkRSU7,973100,061
David SpectorRSU11,512144,476
Derek StarkPSU4,46856,073
Doug JonesRSU25,513320,188
Daniel PerottiPSU19,489244,587
Daniel PerottiPSU12,767160,226
David SpectorRSU44,649560,345
Doug JonesRSU12,535157,314
Derek StarkRSU3,65645,883
Doug JonesPSU15,320192,266
Daniel PerottiPSU5,56969,891
Daniel PerottiRSU5,75672,238
Doug JonesRSU5,75672,238
Derek StarkPSU1,94924,460
David SpectorPSU25,534320,452
Daniel PerottiRSU15,946200,122
David SpectorPSU11,138139,782
05

Incentive-plan design — the Compensation Discussion & Analysis

PFSI aims to position the total compensation of its named executive officers at a level commensurate with the total compensation paid to other senior officers holding comparable positions at companies similar in industry, size, structure, scope and sophistication with which PFSI competes for executive talent.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1650,034,5441,918,452364,98796.31%Passed
20252025-06-2450,094,0653,847,363333,11992.87%Passed
20242024-06-1253,854,5151,382,624366,28697.5%Passed
20232023-06-0856,875,6541,087,738352,31798.12%Passed
20222022-06-0160,250,2931,346,681398,84797.81%Passed
20212021-05-2666,801,4381,388,244333,31897.96%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1696.31%a
20252025-06-2492.87%b
20242024-06-1297.5%c

a. Approved under the standard stated in the filing — “For the proposals to approve our executive compensation and to ratify the appointment of Deloitte & Touche LLP, abstentions and broker non-votes will have no effect on the outcome of the approval of these proposals.”.

b. Approved under the standard stated in the filing — “For the proposals to approve our executive compensation and to ratify the appointment of Deloitte & Touche LLP, abstentions and broker non-votes will have no effect on the outcome of the approval of these proposals.”.

c. Approved under the standard stated in the filing — “For the proposals to approve our executive compensation and to ratify the appointment of Deloitte & Touche LLP, abstentions and broker non-votes will have no effect on the outcome of the approval of these proposals.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Preston DuFauchardIndependent · Lead Independent Director · Audit · Nominating and Corporate Governance · Related Party Matters · Risk$158,033$109,987$0$0$0$268,020
Catherine A. LynchIndependent · Audit (Chair) · Nominating and Corporate Governance · Related Party Matters · Not standing for re-election · Departed during FY133,511109,987000243,498
Nancy McAllisterIndependent · Compensation · Finance · Risk (Chair)133,511109,987000243,498
Scott W. CarnahanIndependent · Audit · Finance · Related Party Matters (Chair)132,261109,987000242,248
Renee R. SchultzIndependent · Compensation (Chair) · Finance · Related Party Matters132,261109,987000242,248
Stacey D. StewartIndependent · Compensation · Nominating and Corporate Governance (Chair)124,511109,987000234,498
Donna M. CorleyIndependent · Finance (Chair) · Nominating and Corporate Governance · Risk124,511109,987000234,498
Setareh (SiSi) PouraghabagherIndependent · Audit (Chair) · Related Party Matters113,761109,987000223,748
David A. SpectorEmployee director · Board Chair00000
Doug JonesEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$105,000
Annual equity retainer$110,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)12,000 / 10,750 / 10,750
Stock ownership guideline$525,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,052,360
Equity awards (grant-date value)$879,896
All other compensation$0
Total cost of the board$1,932,256

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies PennyMac Mortgage Investment Trust names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including PennyMac Mortgage Investment Trust.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Rithm Capital Corp.2025Michael Nierenberg$1,000,000$12,000,007$0$7,440,000$20,450,903
2Annaly Capital Management, Inc.2025David Finkelstein1,000,0009,483,6290019,270,629
3AGNC Investment Corp.2025Peter Federico900,0005,750,000014,208,500
4Ladder Capital Corp2025Brian Harris1,000,0008,816,83304,124,70013,944,233
5PennyMac Mortgage Investment Trust2025David Spector1,483,3335,437,4442,025,6873,608,25012,660,536
6Arbor Realty Trust, Inc.2025Ivan Kaufman1,200,0005,259,1520011,785,559
7Adamas Trust, Inc.2025Jason Serrano920,0004,102,96202,992,5008,175,252
8Dynex Capital, Inc.2025Byron Boston900,0003,122,24803,192,4807,771,011
9MFA Financial, Inc.2025Craig Knutson825,0004,080,0111,605,1237,079,634
10Chimera Investment Corporation2025Phillip Kardis II900,0003,890,78101,356,1806,167,961
11Redwood Trust, Inc.2025Christopher Abate975,0003,262,48101,808,0166,131,948
12Two Harbors Investment Corp.2024William Greenberg919,0383,066,56101,799,6805,785,279
13Blackstone Mortgage Trust, Inc.2025Timothy Johnson01,130,503001,130,503
14Apollo Commercial Real Estate Finance, Inc.2025Stuart Rothstein01,085,764001,085,764
15KKR Real Estate Finance Trust Inc.2025Matthew Salem0688,18800688,188
16Starwood Property Trust, Inc.2025Barry Sternlicht00000
17ARMOUR Residential REIT, Inc.2025Scott Ulm00000
Invesco Mortgage Capital Inc.not in coverage universe
Ellington Financial Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
PennyMac Mortgage Investment Trustnot disclosedPSU 55 · RSU 45NoPearl Meyer
Adamas Trust, Inc.130%PSU 60 · RSU 40YesPearl Meyer
AGNC Investment Corp.not disclosedPSU 67 · RSU 33NoFW Cook
Annaly Capital Management, Inc.142%PSU 60 · RSU 40NoSemler Brossy
Apollo Commercial Real Estate Finance, Inc.not disclosedRSU 100not disclosednot disclosed
Arbor Realty Trust, Inc.not disclosedRSU 100Yes — Total Shareholder Return (TSR)not disclosed
ARMOUR Residential REIT, Inc.not disclosedRSU 100not disclosednot disclosed
Blackstone Mortgage Trust, Inc.not disclosedRSU 100not disclosedFPL Associates, L.P.
Chimera Investment Corporation65%RSU 50 · PSU 50Yes — Relative TSRFrederic W. Cook & Co.
Dynex Capital, Inc.355%PSU 60 · RSU 40NoFPC
Ellington Financial Inc.not disclosedLTIP Units 100not disclosednot disclosed
Invesco Mortgage Capital Inc.not disclosedOther 100not disclosedFerguson Partners Consulting L.P.
KKR Real Estate Finance Trust Inc.not disclosedRSU 100not disclosedFerguson Partners Consulting, L.P. (FPL)
Ladder Capital Corpnot disclosedRSU 100not disclosedFTI Consulting, Inc.
MFA Financial, Inc.107.0%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc. (FW Cook)
Redwood Trust, Inc.86%PSU 55 · RSU 45Yes — relative TSR (rTSR)Semler Brossy Consulting Group LLC
Rithm Capital Corp.186%PSU 75 · RSU 25NoFW Cook
Starwood Property Trust, Inc.not disclosedRSU 100not disclosedMeridian Compensation Partners
Two Harbors Investment Corp.94.7%PSU 50 · RSU 50Yes — Three-year Absolute TSRPay Governance LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, David SpectorDEF 14A2026-04-210001193125-26-166976Section “2025 Summary Compensation Paid by PFSI (1)”. As printed: 12,660,536. Filing ↗machine: r2 · c27 · span 614120–614130
2Section 01, Doug JonesDEF 14A2026-04-210001193125-26-166976Section “2025 Summary Compensation Paid by PFSI (1)”. As printed: 7,488,010. Filing ↗machine: r3 · c27 · span 617066–617075
3Section 01, Daniel PerottiDEF 14A2026-04-210001193125-26-166976Section “2025 Summary Compensation Paid by PFSI (1)”. As printed: 3,871,459. Filing ↗machine: r4 · c27 · span 620040–620049
4Section 01, Derek StarkDEF 14A2026-04-210001193125-26-166976Section “2025 Summary Compensation Paid by PFSI (1)”. As printed: 2,561,222. Filing ↗machine: r5 · c27 · span 622982–622991
5Section 03, Daniel Perotti RSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t174 · r7 · c4 · span 705611–705618
6Section 03, Daniel Perotti PSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t170 · r4 · c7 · span 685852–685859
7Section 03, Derek Stark PSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t170 · r6 · c7 · span 688873–688880
8Section 03, Doug Jones PSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t170 · r3 · c7 · span 684465–684472
9Section 03, Mark Elbaum PSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t170 · r5 · c7 · span 687208–687215
10Section 03, Derek Stark RSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t174 · r11 · c4 · span 707341–707348
11Section 03, Doug Jones RSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t174 · r5 · c4 · span 704804–704811
12Section 03, David Spector RSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t174 · r3 · c4 · span 704054–704061
13Section 03, David Spector PSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t170 · r2 · c7 · span 683110–683117
14Section 03, Mark Elbaum RSUDEF 14A2026-04-210001193125-26-166976Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t174 · r9 · c4 · span 706361–706368
15Section 07, pay ratioDEF 14A2026-04-210001193125-26-166976Section “CEO Pay Ratio”. As printed: —. Filing ↗
16Section 08, Preston DuFauchardDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 268,020. Filing ↗machine: t90 · r8 · c11 · span 421005–421012
17Section 08, Catherine A. LynchDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 243,498. Filing ↗machine: t90 · r10 · c11 · span 422342–422349
18Section 08, Nancy McAllisterDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 243,498. Filing ↗machine: t90 · r12 · c11 · span 423727–423734
19Section 08, Scott W. CarnahanDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 242,248. Filing ↗machine: t90 · r4 · c11 · span 418284–418291
20Section 08, Renee R. SchultzDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 242,248. Filing ↗machine: t90 · r16 · c11 · span 426460–426467
21Section 08, Stacey D. StewartDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 234,498. Filing ↗machine: t90 · r18 · c11 · span 428818–428825
22Section 08, Donna M. CorleyDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 234,498. Filing ↗machine: t90 · r6 · c11 · span 419618–419625
23Section 08, Setareh (SiSi) PouraghabagherDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 223,748. Filing ↗machine: t90 · r14 · c11 · span 425075–425082
24Section 08, David A. SpectorDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Doug JonesDEF 14A2026-04-210001193125-26-166976Section “Director Compensation”. As printed: 0. Filing ↗
26Section 06, 2026 voteForm 8-K2026-06-160001193125-26-272861Item 5.07 · say-on-pay result. As reported: 96.31% (votes for as printed: 50,034,544). Filing ↗
27Section 06, 2025 voteForm 8-K2025-06-250001193125-25-146958Item 5.07 · say-on-pay result. As reported: 92.87% (votes for as printed: 50,094,065). Filing ↗
28Section 06, 2024 voteForm 8-K2024-06-130001193125-24-160261Item 5.07 · say-on-pay result. As reported: 97.5% (votes for as printed: 53,854,515). Filing ↗
29Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
31Section 09b board cost (computed)ComputedcomputedCash 1,052,360 + equity 879,896 + all other 0 = 1,932,256, summed across the director compensation table rows.machine: formula: Σ = 1,932,256
32Rithm Capital Corp., Section 10b CEO totalDEF 14A2026-04-090001104659-26-041536CEO total compensation as printed in Rithm Capital Corp.'s own proxy. As printed: 20,450,903. Filing ↗machine: span 416665–416675
33Annaly Capital Management, Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-052954CEO total compensation as printed in Annaly Capital Management, Inc.'s own proxy. As printed: 19,270,629. Filing ↗machine: t91 · r1 · c36 · span 1399922–1399932
34AGNC Investment Corp., Section 10b CEO totalDEF 14A2026-03-060001423689-26-000058CEO total compensation as printed in AGNC Investment Corp.'s own proxy. As printed: 14,208,500. Filing ↗machine: r2 · c18 · span 710764–710774
35Ladder Capital Corp, Section 10b CEO totalDEF 14A2026-04-210001577670-26-000018CEO total compensation as printed in Ladder Capital Corp's own proxy. As printed: 13,944,233. Filing ↗machine: r3 · c36 · span 603013–603023
36PennyMac Mortgage Investment Trust (subject), Section 10b CEO totalDEF 14A2026-04-210001193125-26-166976CEO total compensation as printed in PennyMac Mortgage Investment Trust's own proxy. As printed: 12,660,536. Filing ↗machine: r2 · c27 · span 614120–614130
37Arbor Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-160001253986-26-000027CEO total compensation as printed in Arbor Realty Trust, Inc.'s own proxy. As printed: 11,785,559. Filing ↗machine: span 343111–343121
38Adamas Trust, Inc., Section 10b CEO totalDEF 14A2026-04-240001273685-26-000038CEO total compensation as printed in Adamas Trust, Inc.'s own proxy. As printed: 8,175,252. Filing ↗machine: span 827801–827810
39Dynex Capital, Inc., Section 10b CEO totalDEF 14A2026-04-070001104659-26-040189CEO total compensation as printed in Dynex Capital, Inc.'s own proxy. As printed: 7,771,011. Filing ↗machine: t104 · r2 · c19 · span 1099489–1099498
40MFA Financial, Inc., Section 10b CEO totalDEF 14A2026-04-170001140361-26-015388CEO total compensation as printed in MFA Financial, Inc.'s own proxy. As printed: 7,079,634. Filing ↗machine: r2 · c22 · span 815805–815814
41Chimera Investment Corporation, Section 10b CEO totalDEF 14A2026-04-230001206774-26-000238CEO total compensation as printed in Chimera Investment Corporation's own proxy. As printed: 6,167,961. Filing ↗machine: t63 · r1 · c7 · span 507844–507854
42Redwood Trust, Inc., Section 10b CEO totalDEF 14A2026-03-310000930236-26-000011CEO total compensation as printed in Redwood Trust, Inc.'s own proxy. As printed: 6,131,948. Filing ↗machine: span 755087–755096
43Two Harbors Investment Corp., Section 10b CEO totalDEF 14A2025-04-020001465740-25-000090CEO total compensation as printed in Two Harbors Investment Corp.'s own proxy. As printed: 5,785,279. Filing ↗machine: r2 · c42 · span 566941–566950
44Blackstone Mortgage Trust, Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191913CEO total compensation as printed in Blackstone Mortgage Trust, Inc.'s own proxy. As printed: 1,130,503. Filing ↗machine: r4 · c27 · span 349508–349517
45Apollo Commercial Real Estate Finance, Inc., Section 10b CEO totalDEF 14A2026-05-290001193125-26-248362CEO total compensation as printed in Apollo Commercial Real Estate Finance, Inc.'s own proxy. As printed: 1,085,764. Filing ↗machine: r2 · c23 · span 262498–262507
46KKR Real Estate Finance Trust Inc., Section 10b CEO totalDEF 14A2026-03-030001140361-26-007573CEO total compensation as printed in KKR Real Estate Finance Trust Inc.'s own proxy. As printed: 688,188. Filing ↗machine: r2 · c27 · span 361601–361608
47Starwood Property Trust, Inc., Section 10b CEO totalDEF 14A2026-03-130001140361-26-009388CEO total compensation as printed in Starwood Property Trust, Inc.'s own proxy. As printed: 0. Filing ↗
48ARMOUR Residential REIT, Inc., Section 10b CEO totalDEF 14A2026-03-190001428205-26-000040CEO total compensation as printed in ARMOUR Residential REIT, Inc.'s own proxy. As printed: 0. Filing ↗
49Section 10a, Redwood Trust, Inc. reciprocityDEF 14A0000930236-26-000011Redwood Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗
50Section 10a, Starwood Property Trust, Inc. reciprocityDEF 14A0001140361-26-009388Starwood Property Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗
51Section 10a, Dynex Capital, Inc. reciprocityDEF 14A0001104659-26-040189Dynex Capital, Inc. names PennyMac Mortgage Investment Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗
52Section 10a, Annaly Capital Management, Inc. reciprocityDEF 14A0001104659-26-052954Annaly Capital Management, Inc.'s most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗
53Section 10a, Two Harbors Investment Corp. reciprocityDEF 14A0001465740-25-000090Two Harbors Investment Corp. names PennyMac Mortgage Investment Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗
54Section 10a, Adamas Trust, Inc. reciprocityDEF 14A0001273685-26-000038Adamas Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗
55Section 10a, AGNC Investment Corp. reciprocityDEF 14A0001423689-26-000058AGNC Investment Corp.'s most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗
56Section 10a, Chimera Investment Corporation reciprocityDEF 14A0001206774-26-000238Chimera Investment Corporation's most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗
57Section 10a, Ellington Financial Inc. reciprocityDEF 14A0001411342-25-000036Ellington Financial Inc.'s most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗
58Section 10a, ARMOUR Residential REIT, Inc. reciprocityDEF 14A0001428205-26-000040ARMOUR Residential REIT, Inc.'s most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗
59Section 10a, MFA Financial, Inc. reciprocityDEF 14A0001140361-26-015388MFA Financial, Inc. names PennyMac Mortgage Investment Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Ladder Capital Corp reciprocityDEF 14A0001577670-26-000018Ladder Capital Corp's most recent proxy was read; its disclosed peer group does not include PennyMac Mortgage Investment Trust. Filing ↗