Company: TWO-PC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001465740-25-000090
Chunk: 63

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 63
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performance measures may not align with Compensation Actually Paid. As required by Item 402(v) of Regulation S-K, we are providing the following supplemental information to assist with understanding certain information in the Pay Versus Performance table as it relates to Compensation Actually Paid and our executive compensation program.

Reconciliation of Summary Compensation to Compensation Actually Paid

The following reconciliation tables are included in order to illustrate the calculation of Compensation Actually Paid in the Pay Versus Performance table above on page 50 . Specifically, the following reconciliations show the amounts that were deducted from and added to the Summary Compensation Table total compensation shown on page 40 for the current CEO, the prior CEO, and the average of the other non-CEO named executive officers for each of the years reported.

|                                                                                                                                                                    |     |                            |     | Year 2024   |     |              |           |     |   |                          |     |            |
| Reconciliation of Summary Compensation Table Totals to Compensation Actually Paid                                                                                  |     |                            |     | Current CEO |     |              | Prior CEO |     |   | Average for Non-CEO NEOs |     |            |
| Summary Compensation Table Total                                                                                                                                   |     |                            |     |             |     |   $5,785,279 |           |     | — |                          |     | $1,562,416 |
| Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table                                                                     |     |                            |     |             |     | $(3,066,561) |           |     | — |                          |     | $(806,981) |
| Increase for year-end fair value of any awards granted during the year that remain outstanding and unvested as of year-end                                         |     |                            |     |             |     |   $2,183,333 |           |     | — |                          |     |   $574,555 |
| Increase (decrease) for change in value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of year-end |     |                            |     |             |     |   $(694,525) |           |     | — |                          |     | $(267,825) |
| Increase (decrease) for change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year                      |     |                            |     |             |     |    $(50,272) |           |     | — |