| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TWO | Common stock, par value $0.01 per share | Award | $0 | +101K | +59.31% | $0.00 | 270K | Jan 8, 2024 | Direct | F1 |
| transaction | TWO | Common stock, par value $0.01 per share | Award | $0 | +20.7K | +7.65% | $0.00 | 291K | Jan 8, 2024 | Direct | F2 |
| transaction | TWO | Common stock, par value $0.01 per share | Sale | -$139K | -9.88K | -3.4% | $14.05 | 281K | Jan 9, 2024 | Direct | F3 |
| holding | TWO | Common stock, par value $0.01 per share | 3.03K | Jan 8, 2024 | By Spouse | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan (the "Plan"). The RSUs were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 8, 2025, 2026 and 2027. |
| F2 | Represents shares of common stock received by the reporting person in connection with the vesting of performance share units ("PSUs") previously granted to the reporting person under the Plan. |
| F3 | The reporting person sold shares to satisfy income tax liabilities incurred as a result of the vesting of the PSUs. The sale reported on this Form 4 was effected pursuant to trading instructions given by the reporting person on January 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. |
| F4 | Includes 3,025 shares held by the Reporting Person's spouse. While the Reporting Person retains a pecuniary interest in these shares, he does not have dispositive or voting power with respect thereto and he disclaims any beneficial ownership interest therein. |