Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 87

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 87
---
                                                       | — |     |           |   875,000 |     | 2,625,000 |     |            |     |                                                                   | — |     |       — |     |       — |     |           |       — |     |            |         — |
|                      |     | DSU(2)       |     | 12/19/2024 |   |     |                                                       | — |     |           |         — |     |         — |     |            |     |                                                                   | — |     |       — |     |       — |     |           |  38,403 |     |            |   254,996 |
|                      |     | csRSU(2)     |     | 12/19/2024 |   |     |                                                       | — |     |           |         — |     |         — |     |            |     |                                                                   | — |     |       — |     |       — |     |           |  74,548 |     |            |   494,999 |
|                      |     | PSU(3)       |     | 12/19/2024 |   |     |                                                       | — |     |           |         — |     |         — |     |            |     |                                                                   | — |     |  99,966 |     | 249,915 |     |           |       — |     |            |   749,995 |

(1) DSU refers to deferred stock units, csDSU refers to cash-settled deferred stock units, csRSU refers to cash-settled restricted stock units, and PSU refers to performance stock units.

(2) Mr. Abate received a 2024 annual long-term equity-based award in December 2024 and received 15% of that award value in the form of deferred stock units and 30% cash-settled restricted stock units on December 19, 2024. Each of Mr. Robinson, Ms. Carillo, Mr. Stone and Ms. Macomber also received a 2024 annual long-term equity-based award in December 2024 and received 17% of that award value in the form of deferred stock units and 33% in cash-settled restricted

<div align='center'>80</div>

stock units on December 19, 2024. Deferred stock units and cash-settled restricted stock units were granted with a grant date fair value