Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 71

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 71
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 underlying shares of Redwood common stock, the underlying vested award shares will have attached dividend equivalent rights, resulting in the payment of dividend equivalents each time Redwood pays a common stock dividend.

Equity-Based Award Agreements . The terms of the DSUs, csRSUs, and PSUs granted in 2024 are established under applicable equity-based award agreements and Redwood’s 2014 Incentive Plan. These terms include provisions relating to dividend equivalent rights, forfeiture, retirement, mandatory net settlement for income tax withholding purposes, and change-in-control.

NEOs’ 2024 Year-End Long-Term Equity-Based Incentive Award Values . The Committee made the following determinations with respect to the value of 2024 year-end long-term equity-based incentive awards granted to NEOs in December 2024 after consultation with its independent compensation consultant, a review of compensation peer group comparisons for the position and consideration of competitive factors, and the executive officer’s role, experience, and performance at Redwood.

◦ Mr. Abate . In December 2024, the Committee determined that the aggregate grant date fair value of year-end, long-term equity-based incentive awards granted to Mr. Abate would total $4.35 million, with this award value granted as: $2.3925 million in PSUs (55% of total value), $652,500 in DSUs (15% of total value), and $1.305 million in csRSUs (30% of total value).

◦ Mr. Robinson . In December 2024, the Committee determined that the aggregate grant date fair value of year-end, long-term equity-based incentive awards granted to Mr. Robinson would total $3.6 million, with this award value granted as: $1.8 million in PSUs (50% of total value), $612,000 in DSUs (17% of total value), and $1.188 million in csRSUs (33% of total value).

◦ Ms. Carillo . In December 2024, the Committee determined that the aggregate grant date fair value of year-end, long-term equity-based incentive awards granted to Ms. Carillo would total $3.5 million, with this award value granted as: $1.75 million in PSUs (50% of total value), $595,000 in DSUs (17% of total value), and $1.155 million in csRSUs (25% of total value).

◦ Ms. Macomber . In December