Company: TWO-PC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001465740-25-000090
Chunk: 61

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 61
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     | 81.38 |            |     | -1,630,135,126 |                                                                  |     | 9.6%  |

(1) As described in the “ Summary Compensation Table ” on page 40 and elsewhere in this Proxy Statement, prior to August 15, 2020, we were an externally managed company and did not pay any cash compensation to our named executive officers. Accordingly, cash compensation amounts for fiscal year 2020 reflect amounts paid to our NEOs beginning August 15, 2020.

(2) Mr. Greenbergwas appointed as Chief Executive Officer in June 2020. We did not pay cash compensation to our former CEO, Thomas Siering, in 2020 and, accordingly, compensation information for Mr. Siering is limited to “Other Compensation” and equity awards.

(3) As required by Item 402(v) of Regulation S-K, reconciliation tables illustrating the calculation of Compensation Actually Paid are presented under “ Pay Versus Performance Supplemental Information — Reconciliation of Summary Compensation to Compensation Actually Paid ” below on page 51 .

(4) Individuals comprising the non-principal executive officers (non-PEOs) in columns (d) and (e) are: for 2024, Mr. Dellal, Mr. Letica, Ms. Sandberg, Mr. Rush and, until her departure in August 2024, Ms. Riskey; for 2023 and 2022, Ms. Riskey, Mr. Letica, Ms. Sandberg, and Mr. Rush; and for 2021, Ms. Riskey, Ms. Sandberg and Mr. Rush and, until his departure in June 2021, Matthew Koeppen; and for 2020, Ms. Riskey, Mr. Koeppen and Ms. Sandberg. As noted in the Summary Compensation Table, Mr. Letica was appointed as Chief Investment Officer in 2022, and Mr. Rush was not a named executive officer in 2020.

(5) Total Stockholder Return and Peer Group Total Stockholder Return assume $100 invested at December 31, 2020.

(6) As permitted by SEC rules, the Peer Group referenced for the purpose of the Peer Group Total Stockholder Return is the FTSE Nareit Mortgage REITs Index.

(7) Represents GAAP Net Income as reported in our Annual Report on Form 10-K for the year ended December 31 for each of the