Company: TWO-PC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001465740-25-000090
Chunk: 19

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 19
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 number of restricted stock units of their award prorated to reflect the proportionate number of days served during such term. If the director’s service ends on account of death or disability, then all restricted stock units will become fully vested shares of common stock for such term. In the event the company experiences a change of control during the director’s term and, within twenty-four (24) months of the change in control the director’s service is terminated (as described in the 2021 Plan), then the director will vest in all restricted stock units awarded for such term on the date such director’s service terminates (or immediately prior to the change of control if the resulting entity in the change of control has not assumed the director’s award agreement).

#### Transitional Board Chair Compensation
In 2021, in recognition of his ongoing additional service and leadership related to the transition to self-management and enhanced efforts in connection with the transition of the company’s Chief Executive Officer role, the independent Chair of the Board of Directors was granted additional compensation of $200,000 per year for each of 2021, 2022, 2023 and 2024 in the form of restricted stock units. The 2024 award was granted as of the date of the 2024 annual meeting of stockholders. The restricted stock units granted as of the dates of the 2021, 2022, 2023 and 2024 annual stockholder meetings fully vest on the date of the following annual meeting of stockholders. The terms and conditions with respect to these restricted stock units are otherwise consistent with those described above under “ Independent Director Compensation for 2024. ”

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#### Summary of 2024 Independent Director Compensation
The following table shows the compensation of our independent directors for services in all capacities provided to us in the year ended December 31, 2024:

| Name               |     | FeesPaid in Cash (1) |     |         |     | Stock Awards (2)(3) |     |         |     | Total |     |         |
|:-------------------|:----|:---------------------|:----|--------:|:----|:--------------------|:----|--------:|:----|:------|:----|--------:|
| E. Spencer Abraham |     | $                    |     | 113,000 |     | $                   |     | 117,988 |     | $     |     | 230,988 |
| James J. Bender    |