Company: TWO-PC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001465740-25-000090
Chunk: 29

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 29
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 base salary increased from $600,000 to $650,000.

#### Annual Incentive Compensation
To help ensure that we achieve our compensation program principle of linking pay to performance, our Compensation Committee has established an annual incentive component that provides the opportunity for our executive officers to earn an annual cash incentive award. The annual incentive is designed to motivate and reward our named executive officers for achieving pre-established annual financial and strategic and operational goals and objectives.

At the beginning of each fiscal year, the Compensation Committee approves target annual incentive compensation, expressed as a percentage of base salary, for each executive officer. The specific performance measures, weightings, and goals and objectives that must be attained in order to receive compensation under the annual incentive framework are also established. For each financial performance measure, a threshold, target and maximum level of performance is defined, which have corresponding payout percentages. Following the end of the fiscal year, the Compensation Committee reviews the company’s actual performance against each of the pre-established performance measures and determines the level of performance achieved along with a corresponding payout percentage and approves the actual award payouts for each of the named executive officers.

Target Awards . When determining the target annual incentive award for each executive officer, the Compensation Committee reviews the available market data for the executive’s position, as well as the executive’s role and responsibilities, scope and complexity of the position, experience level, tenure with the company, and individual contributions and performance.

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The following table sets forth the target annual incentives that were established for the 2024 performance year:

|                     |     | 2024 Target Annual Incentive |     |            |             |     |      |
| Name                |     | Target                       
 Award                        |     |            | % of        
 Base Salary |     |      |
| William Greenberg   |     |                              |     | $1,900,000 |             |     | 200% |
| Nicholas Letica     |     |                              |     | $1,140,000 |             |     | 190% |
| Rebecca B. Sandberg |     |                              |     |   $675,000 |             |     | 135% |
| Robert Rush         |     |                              |     |   $425,000 |             |     | 85%  |
| Mary Riskey         |     |                              |     |   $550,000 |             |     | 110% |

Performance Measures and Weightings . For each performance year, the Compensation Committee establishes the