Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 147

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 147
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 were available for grant under our Incentive Plan. The unamortized compensation cost of awards issued under the Incentive Plan, which are settled by delivery of shares of common stock, and purchases under the Employee Stock Purchase Plan, totaled $40 million at December 31, 2024, as shown in the following table.Table 21.1 – Activities of Equity Compensation Costs by Award TypeYear Ended December 31, 2024(In Thousands)Restricted Stock UnitsDeferred Stock UnitsPerformance Stock UnitsEmployee Stock Purchase PlanTotalUnrecognized compensation cost at beginning of year$3,166 $18,920 $15,519 $— $37,605 Equity grants7,047 10,559 7,942 207 25,755 Performance-based valuation adjustment— — (1,626)— (1,626)Equity grant forfeitures(781)(1,147)— — (1,928)Equity compensation expense(2,448)(10,702)(5,995)(207)(19,352)Unrecognized Compensation Cost at End of Year$6,984 $17,630 $15,840 $— $40,454 At December 31, 2024, the weighted average amortization period remaining for all of our equity awards was less than two years.Restricted Stock Awards ("RSAs")As of December 31, 2024, there were no restricted stock awards outstanding or any remaining unrecognized compensation costs related to these awards. The expenses recorded for RSAs were zero, zero, and $0.1 million for the years ended December 31, 2024, 2023 and 2022, respectively. 

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 21. Equity Compensation Plans - (continued)

Restricted Stock Units ("RSUs")The following table summarizes the activities related to RSUs for the years ended December 31, 2024, 2023, and 2022.Table 21.2 – Restricted Stock Units Activities Years Ended December 31, 202420232022 SharesWeightedAverageGrant DateFair ValueSharesWeightedAverageGrant DateFair ValueSharesWeightedAverageGrant DateFair ValueOutstanding at beginning of year593,570 $8.79 806,119 $9.22