Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 113

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 113
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 TSR of a comparator group of companies or the group of companies that comprise a stock index, the Compensation Committee believes that return-on-equity based measures, including Adjusted ROE, Adjusted EAD ROE, and book value total stockholder return, are highly relevant metrics for determining annual bonuses and measuring Redwood’s longer-term performance because, among other things, these financial performance measures should correlate with Redwood’s ability to increase book value and pay attractive levels of sustainable and growing dividends and, over the long-term, strong results under these performance measures should correlate with strong TSR.

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A described within the Compensation Discussion and Analysis section of this Proxy Statement, Adjusted ROE and Adjusted EAD ROE are each non-GAAP performance measures that are defined and described on pages 58-62 within this CD&A under the heading “2024 Performance-Based Annual Bonus Compensation.” Adjusted ROE and Adjusted EAD ROE should not be considered as alternatives to GAAP net income, GAAP ROE or other measurements of results of operations computed in accordance with GAAP or for federal income tax purposes. See Annex B to this Proxy Statement for additional discussion, disclosure and details regarding these non-GAAP financial performance metrics.

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### SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The following table provides information, as of December 31, 2024, with respect to compensation plans under which equity securities of the registrant are authorized for issuance.

| Plan Category                                              |     | Plan Name                              |     | (a)              
 Number of        
 Securities to Be 
 Issued Upon      
 Exercise of      
 Outstanding      
 Options,         
 Warrants and     
 Rights           |     |            |     |       |     | (b)          
 Weighted-    
 Average      
 Exercise     
 Price of     
 Outstanding  
 Options,     
 Warrants and 
 Rights       |     |   |     |    |     | -c)              
 Number of        
 Securities       
 Remaining        
 Available for    
 Future Issuance  
 under Equity     
 Compensation     
 Plans (excluding 
 securities       
 reflected in     
 column (a)       |           |
| Equity compensation plans approved by security holders:    |     | 2014 Incentive                         
 Award Plan                             |     |                  |     |  9,972,476 |     | -1)(2 |     |              |     | — |     | -3 |     |                  | 7