Company: TWO-PC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001465740-25-000090
Chunk: 23

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 23
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 interests of our stockholders. Prior to our internalization, as an externally managed company with no employees, we utilized a hybrid approach to compensation whereby our external manager was responsible for all cash compensation paid to our named executive officers and equity incentive compensation was the responsibility of the company. As such, compensation information reported for periods prior to our internalization did not include all of the components of our current program.

The 2024 performance year marks the fourth full year in which the new compensation program was in effect. Importantly, the Compensation Committee believes the program operated to ensure that the total compensation of our executive officers recognized their important individual contributions, skills and leadership critical to the long-term success of the company while reflecting the company’s financial performance across changing market environments, which included an extremely volatile period for interest rates and mortgage spreads that began in March of 2020 and has persisted through 2024.

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#### 2024 Named Executive Officers
For 2024, our named executive officers were:

| Name                |     | 2024 Title                                         |
| William Greenberg   |     | President and Chief Executive Officer              |
| William Dellal      |     | Vice President and Interim Chief Financial Officer |
| Nicholas Letica     |     | Vice President and Chief Investment Officer        |
| Rebecca B. Sandberg |     | Vice President, Chief Legal Officer and Secretary  |
| Robert Rush         |     | Vice President and Chief Risk Officer              |
| Mary Riskey         |     | Former Vice President and Chief Financial Officer  |

On August 1, 2024, consistent with her previously announced plan to retire, Ms. Riskey resigned from her role as Vice President and Chief Financial Officer of the company. As of the same date, the company appointed Mr. Dellal as its Vice President and Interim Chief Financial Officer.

#### 2024 Company Performance Summary

### Overview of Our Business
TWO is a real estate investment trust, or REIT, that invests in, finances and manages mortgage servicing rights, or MSR, and Agency residential mortgage backed securities, or Agency RMBS, and through our operational platform, RoundPoint, we are one of the largest servicers of conventional loans in the country. We seek to leverage our core competencies of understanding and managing interest rate and prepayment risk to invest our portfolio of MSR and Agency RMBS. Our objective is to deliver more stable performance, relative to RMBS portfolios without MSR, across changing market environments. We are acutely