Andrew P. Stone - Apr 16, 2024 Form 4 Insider Report for REDWOOD TRUST INC (RWT)

Role
Chief Legal Officer
Signature
/s/Andrew P. Stone
Stock symbol
RWT
Transactions as of
Apr 16, 2024
Transactions value $
$155,313
Form type
4
Date filed
4/18/2024, 05:03 PM
Previous filing
Dec 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RWT Common Stock Options Exercise $155K +27.8K +22.79% $5.59 150K Apr 16, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RWT Performance Stock Units Options Exercise $0 -27.8K -46.25% $0.00 32.3K Apr 16, 2024 Common Stock 27.8K $10.42 Direct F1, F3, F4, F5
transaction RWT Performance Stock Units Tax liability $0 -32.3K -100% $0.00* 0 Apr 16, 2024 Common Stock 32.3K $10.42 Direct F3, F4, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction relates to the distribution and/or conversion of Performance Stock Units to common stock under the Executive Deferred Compensation Plan.
F2 Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Performance Stock Units to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date.
F3 Represents fair value per stock unit of Performance Stock Units based on the original grant date fair value determined at such time in accordance with FASB Accounting Standards Codification Topic 718.
F4 Performance Stock Units were subject to a mandatory holding period and conversion and/or distribution to the Reporting Person within 45 days following April 1, 2024.
F5 No expiration date is applicable to performance stock units.
F6 This disposition transaction represents a Compensation Committee approved withholding of securities incident to the payment of income tax liability relating to the distribution and/or conversion of Performance Stock Units under the Executive Deferred Compensation Plan.
F7 Following these reported transactions, no other Performance Stock Units with the same original grant date are beneficially owned.