Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 108

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 108
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 and promulgated to, among other things, require the disclosure of information about the relationship between: (i) “Compensation Actually Paid” (as defined in Item 402(v) of Regulation S-K) to executives by a company over a specified period, and (ii) certain measures of the financial performance of the company over that period.

During 2024 and early 2025, when the Compensation Committee made certain executive compensation determinations related to 2024 and 2025, the Compensation Committee did not directly consider the table, the related footnotes, and the other disclosures set forth below in this “Pay vs. Performance Comparison” section. Amounts designated as “Compensation Actually Paid” in the table, the related footnotes, and the other disclosures set forth below are calculated in accordance with Item 402(v) of Regulation S-K and do not necessarily represent amounts actually earned or realized by Redwood’s CEO or other executive officers in the periods presented or in any other period. In accordance with SEC regulations, within this “Pay vs. Performance Comparison” section the term “NEOs” refers to Redwood’s five Named Executive Officers.

#### Pay vs. Performance Table
|      | Year |   | Summary Compensation Table Total for PEO(1) |     |   | Compensation Actually Paid to PEO(1)(3) |     |   | Average Summary Compensation Table Total for Non-PEO NEOs(2) |     |   | Average Compensation Actually Paid to Non-PEO NEOs(2)(3) |     | Value of Initial Fixed $100 Investment Based on: | Total Shareholder Return(4) |     |   | Peer Group Total Shareholder Return(5) |     |   | Net Income (Loss) 
     (in millions) |     |     | Adjusted ROE(6) |   |
|:-----|:-----|:--|--------------------------------------------:|:----|:--|----------------------------------------:|:----|:--|-------------------------------------------------------------:|:----|:--|---------------------------------------------------------:|:----|:-------------------------------------------------|----------------------------:|:----|:--|---------------------------------------:|:----|:--|------------------:|:----|:----|----------------:|:--|
| 2024 |      | $ |                                   6,968,607 |     | $ |                               5,798,938 |     | $ |                                                    4,301,468 |     | $ |