Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 74

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 74
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-based vesting criteria).

◦ As described and illustrated above in the Executive Summary of CD&A on page 42 of this Proxy Statement with respect to Mr. Abate, performance-based vesting of the PSUs granted in December 2021 was driven by both (a) Redwood’s three-year TSR over the January 1, 2022 to December 31, 2024 period, which was significantly below target, and (b) Redwood’s bvTSR over this same period, which, as measured in accordance with the terms of these PSUs, was 27.5% of target level.

Mr. Robinson : (i) vesting and delivery of 71,265 DSUs granted in December 2020; (ii) vesting and settlement of 71,265 csDSUs granted in December 2020; (iii) vesting and settlement of 28,081 csRSUs (which was a tranche consisting of 25% of the csRSUs granted in December 2023); and (iv) performance-based vesting of 50,693 PSUs granted in December 2021, which represented 35% of the target number of PSUs granted in December 2021 (based on level of overall attainment of performance-based vesting criteria).

◦ As described and illustrated above in the Executive Summary of CD&A on page 42 of this Proxy Statement with respect to Redwood’s CEO, performance-based vesting of the PSUs granted in December 2021 was driven by both (a) Redwood’s three-year TSR over the January 1, 2022 to December 31, 2024 period, which was significantly below target, and (b) Redwood’s bvTSR over this same period, which, as measured in accordance with the terms of these PSUs, was 27.5% of target level.

Ms. Carillo : (i) vesting and settlement of 26,075 csRSUs (which was a tranche consisting of 25% of the csRSUs granted in December 2023); and (ii) performance-based vesting of 30,979 PSUs granted in December 2021, which represented 35% of the target number of PSUs granted in December 2021 (based on level of overall attainment of performance-based vesting criteria).

◦ As described and illustrated above in the Executive Summary of CD&A on page 42 of this Proxy Statement with respect to Redwood’s CEO