{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-23-004329","form_type":"8-K/A","ticker":"PMT","cik":"0001464423","company_name":"PennyMac Mortgage Investment Trust","filed_at":"2023-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.097336+00:00","generated_at":"2026-06-17T16:28:18.535990+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PMT enters separation agreement with ex-CIO Fartaj: $1.525M severance, continued equity vesting","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-23-004329","json":"https://secwatch.observer/filing/0001564590-23-004329.json","markdown":"https://secwatch.observer/filing/0001564590-23-004329.md","text":"https://secwatch.observer/filing/0001564590-23-004329.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464423/000156459023004329/0001564590-23-004329-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464423/000156459023004329/pmt-8ka_20230303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T16:28:18.535990+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6754a4d2c7","claim":"Vandad Fartaj departed as Senior Managing Director and Chief Investment Officer at PennyMac Mortgage Investment Trust.","evidence_excerpt":"Vandad Fartaj ceased serving as the Company’s Senior Managing Director and Chief Investment Officer on March 3, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464423/000156459023004329/0001564590-23-004329-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Senior Managing Director and Chief Investment Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}