Company: TWO-PC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001465740-25-000090
Chunk: 49

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 49
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2023 |                                                             |         |     |                                                                   |            |     |                                                                                 |  17,211 |        |                                                                            |   $386,731 |          |
|                     |     |            |     | January 13, 2023 |                                                             |  11,474 |     |                                                                   |   $135,737 |     |                                                                                 |         |        |                                                                            |            |          |
|                     |     |            |     | February 7, 2022 |                                                             |         |     |                                                                   |            |     |                                                                                 |  14,124 |        |                                                                            |   $307,903 |          |
|                     |     |            |     | February 7, 2022 |                                                             |   4,708 |     |                                                                   |    $55,696 |     |                                                                                 |         |        |                                                                            |            |          |

(1) Mr. Dellal did not have any unvested restricted stock units or performance share units as of December 31, 2024.

(2) Represents RSUs granted pursuant to our 2021 Plan. Awards are time-based and vest in three equal annual installments beginning on the first anniversary of the grant date, so long as the officer complies with the terms and conditions of the award agreement.

(3) Values are based on the $11.83 closing market price of our common stock on the NYSE on December 31, 2024.

(4) Represents performance-based PSUs granted pursuant to our 2021 Plan. PSUs vest following a three-year performance period that begins the year of the grant date, subject to achievement of pre-established performance goals. Does not include any potential dividend equivalent rights that may accrue during the three-year performance period that are payable in additional PSUs, the vesting of which are subject to achievement of the same performance goals as the underlying PSU award.

(5) Value assumes performance achieved at 100% of the target PSUs awarded and calculated based on the $16.19, $22.47, $22.16 and $21.80 per share prices determined using a Monte Carlo simulation on the January 8, 2024 , January 13, 2023, August 15, 2022 and February 7, 2022 grant dates, respectively.

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#### Stock Vested in Fiscal Year 2024
The following table sets forth information concerning restricted stock units and performance share units held