Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 42

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 42
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This CD&A is focused on the compensation of Redwood’s named executive officers in 2024, although it also provides a description of key updates to Redwood’s executive compensation program that will apply going forward in 2025, as well as some general discussion and analysis of aspects of Redwood’s compensation programs, plans, and practices that apply to all of Redwood’s officers and employees.

#### Named Executive Officers
Under SEC regulations, Redwood had five “Named Executive Officers” (“NEOs”) for 2024, who are listed below.

▪ Christopher J. Abate, Chief Executive Officer

▪ Dashiell I. Robinson, President

▪ Brooke E. Carillo, Chief Financial Officer

▪ Sasha G. Macomber, Chief Human Resource Officer

▪ Andrew P. Stone, Executive Vice President, Chief Legal Officer, and Secretary

#### Compensation Committee
The Compensation Committee (the “Committee”) is committed to providing disclosure within this CD&A that gives insight into the process by which it arrives at executive compensation determinations and the underlying rationales. Among other things, this CD&A describes:

▪ The Committee’s process for reviewing and determining the elements of the compensation of the Chief Executive Officer (“CEO”) and of the other executive officers.

▪ The rationale for the different elements of the executive officers’ compensation and Redwood’s compensation philosophy, objectives, and methodology for peer comparisons.

▪ The metrics and goals used for performance-based compensation and factors taken into account in the Committee’s determination of whether those metrics and goals were satisfied.

▪ The severance and change of control payments that executive officers may become entitled to receive under certain circumstances.

▪ The role of the Committee’s independent compensation consultant.

The Committee generally meets at least four times annually and, over the course of an annual period, reviews Redwood’s compensation philosophy and its executive compensation plans and programs. After taking into account various factors and analyses, including those described in this CD&A, input from its independent compensation consultant, feedback from stockholders obtained during ongoing outreach efforts, and the outcome of recent stockholder advisory votes on executive compensation (commonly referred to as

<div align='center'>47</div>

“Say-on-Pay” votes), the Committee makes compensation determinations it believes are appropriate in light of its executive compensation objectives.

### Redwood’s Business Model and Internal Management Structure
Redwood is a specialty finance company focused on several distinct areas of housing credit where we provide liquidity to growing segments of the