PennyMac Mortgage Investment Trust filed a Form 8-K on October 29, 2026, disclosing Q3 2026 financial results, a CFO transition effective January 1, 2027, and an expanded share repurchase authorization approved by its Board of Trustees on October 26, 2026.

Key Highlights

  • CFO resignation: Daniel S. Perotti will resign as Chief Financial Officer effective December 31, 2026, and will remain with the company in an advisory role.
  • New CFO appointment: Kevin Ryan, age 55 and currently Executive Managing Director and Chief Strategy Officer, will become Chief Financial Officer on January 1, 2027.
  • Ryan's prior role: Before joining the company in October 2025, Mr. Ryan served as President and Chief Financial Officer at Better Home and Finance Holding Company from October 2020 to October 2025.
  • Repurchase authorization increased: The Board of Trustees raised the common share repurchase authorization from $500 million to $630 million on October 26, 2026.
  • No expiration on buyback: The repurchase authorization carries no expiration date but may be suspended, modified, or discontinued at any time without prior notice.
  • Q3 results announced: A press release and slide presentation covering the fiscal quarter ended September 30, 2026 were furnished as Exhibit 99.1 and Exhibit 99.2, respectively.

PennyMac Mortgage Investment Trust Discloses Leadership Change and Expanded Buyback

According to the filing, PennyMac Mortgage Investment Trust (NYSE:PMT) reported that Daniel S. Perotti, the company's Senior Managing Director and Chief Financial Officer, will resign from that role as of December 31, 2026. The filing states he "will continue with the Company in an advisory role." Kevin Ryan, currently the company's Executive Managing Director and Chief Strategy Officer, is set to assume the CFO title on January 1, 2027.

The filing provides background on Mr. Ryan, noting that prior to joining the company in October 2025, he served as President and Chief Financial Officer at Better Home and Finance Holding Company from October 2020 to October 2025, where "he managed all of the finance, accounting, markets and risk functions." Before that, the filing states he held executive positions during more than two decades at Morgan Stanley, most recently as a Managing Director in the Investment Banking division serving as Co-Head of Banks and Diversified Finance. Mr. Ryan holds a B.A. from Rutgers University and a J.D. from the University of Virginia, according to the filing. The filing discloses that there are no family relationships, outside arrangements, or related person transactions under Item 404(a) of Regulation S-K between Mr. Ryan and the company.

Separately, the filing discloses that on October 26, 2026, the company's Board of Trustees approved an increase to its common share repurchase authorization from $500 million to $630 million. The filing notes the authorization "does not require the Company to purchase a specific number of common shares," and that repurchases may be conducted through privately negotiated transactions or open market purchases. Supplemental financial information for the fiscal quarter ended September 30, 2026 was also made available on the company's website at pmt.pennymac.com, according to the filing.

What Was Disclosed

This 8-K covers three items: Q3 2026 financial results furnished via press release and slide presentation, a CFO transition from Daniel S. Perotti to Kevin Ryan effective January 1, 2027, and an increase in the common share repurchase authorization from $500 million to $630 million.