home · filing · 0001564590-23-004329
8-K/A filed March 24, 2023, 7:59 PM ET
ticker PMT
CIK 0001464423
leadership
confidence high
sentiment neutral
materiality 0.65
PMT enters separation agreement with ex-CIO Fartaj: $1.525M severance, continued equity vesting
PennyMac Mortgage Investment Trust
Vandad Fartaj ceased as Senior Managing Director and CIO on March 3, 2023; separation agreement signed March 21, 2023.
Severance payment of $1,525,000 in two installments: $975,000 within 5 days post-revocation, $550,000 on September 15, 2023.
Certain 2021 and 2022 RSU/PSU awards continue vesting per original schedule without continued service; 2023 awards forfeited.
Agreement includes non-disparagement clause and release of claims, with no non-compete or non-solicitation restrictions.
The separation agreement covers both PFSI and PMT entities; Fartaj held officer roles at both.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2023-03-03
Filed March 24, 2023, 7:59 PM ET
Vandad Fartaj ceased serving as the Company’s Senior Managing Director and Chief Investment Officer on March 3, 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Vandad Fartaj departed as Senior Managing Director and Chief Investment Officer at PennyMac Mortgage Investment Trust.
Action ceased serving
Role Senior Managing Director and Chief Investment Officer
Exact text from the filing
Vandad Fartaj ceased serving as the Company’s Senior Managing Director and Chief Investment Officer on March 3, 2023.
View on SEC.gov
Source: SEC EDGAR
accession 0001564590-23-004329
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