Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 103

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 103
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  3,655,567 |
| Sasha G. Macomber    |     | $ |     |           | 1,906,250 |     | $ |     |                                                 | — |     | $ |     |                            | 1,712,323 |     | $ |     |             | 110,661 |     | $ |     |             |  3,729,234 |

(1) None of the NEOs had a long-term cash award outstanding at December 31, 2024. The value of acceleration of deferred stock units, cash-settled deferred stock units, and cash-settled restricted stock units assumes a common stock price of $6.53 per share (the closing price of Redwood’s common stock on the NYSE on December 31, 2024). Although unvested performance stock units are not forfeited following a termination without “cause” (or following a voluntary termination for “good reason”), no value for unvested performance stock units was included due to the fact that under the applicable award agreements the performance stock units would vest, if at all, only at the end of the performance period and only to the extent the performance vesting threshold is met at the end of the performance period.

<div align='center'>90</div>

(2) Each of the NEOs is entitled to a continuation of health insurance, life insurance, and long-term disability insurance for the respective periods specified in their employment agreement (ranging from nine to 18 months depending on the individual executive) following a termination without “cause” or a voluntary termination for “good reason.”

#### Termination (Change of Control)
If a “change of control” occurred on December 31, 2024 and any of Mr. Abate, Mr. Robinson, Ms. Carillo, Mr. Stone, or Ms. Macomber had been terminated as of December 31, 2024 without “cause” or, in certain circumstances, had terminated his or her employment as of that date for “good reason,” the approximate value of the severance benefits payable to him or her would have been as reported in the table below, as calculated in accordance with the terms of the respective agreements in place on December 31, 2024.

| NEOs                 |     |   |     | Cash       
 Severance  
 Payment(1) |           |     |   |     | Accelerated Vesting of Long-Term Cash Awards(2) |   |