Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 96

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 96
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 shares of common stock underlying deferred stock units and performance stock units awarded in 2020. Mr. Robinson also received $508,119 related to the settlement of cash-settled deferred stock units awarded in 2020.

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(5) Ms. Carillo’s contribution included $76,000 in voluntary cash deferrals from her 2024 compensation (reported as compensation in the “Summary Compensation” table above) and $960,030 as a result of vesting of previously awarded deferred stock units and cash-settled deferred stock units (reported as compensation in previous years).

(6) Mr. Stone’s contribution included $37,000 in voluntary cash deferrals from his 2024 compensation (reported as compensation in the “Summary Compensation” table above) and $1,006,941 as a result of vesting of previously awarded deferred stock units, cash-settled deferred stock units and performance stock units (reported as compensation in previous years). Mr. Stone received a distribution of 90,004 shares of common stock underlying deferred stock units and performance stock units awarded in 2020. Mr. Stone also received $213,408 related to the settlement of cash-settled deferred stock units awarded in 2020.

(7) Ms. Macomber’s contribution included $884,342 as a result of vesting of previously awarded deferred stock units, cash-settled deferred stock units and performance stock units. Ms. Macomber received a distribution of 85,571 shares of common stock underlying deferred stock units and performance stock units awarded in 2020. Ms. Macomber also received $162,600 related to the settlement of cash-settled deferred stock units awarded in 2020.

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Potential Payments upon Termination or Change of Control

In 2024, each of Mr. Abate, Mr. Robinson, Ms. Carillo, Mr. Stone, and Ms. Macomber had an employment agreement in place with Redwood that provides for cash severance payments, vesting of long-term equity-based incentive awards and other long-term incentive awards, and other benefits in the event the executive is terminated without “cause” or the executive terminates employment for “good reason,” each as defined in the applicable agreement. As compensation for employment prior to the date of any such termination, these employment agreements also provide for payment of base salary through the date of any such termination, as well as, in the event of a