Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 47

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 47
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 engages with a broad base of investors throughout the year to discuss the Company’s business and strategy, as well as other key topics of stockholder focus, including, corporate governance and risk management matters that are relevant to the Company’s business.

▪ Outreach to Stockholders in 2024 . In connection with the May 2024 annual meeting, Redwood undertook an outreach effort reaching institutional stockholders holding 90% of our common shares held by institutions. (These stockholders represented 72% of all outstanding shares of common stock.)

▪ Response/Direct Engagement . Over the course of these outreach efforts, Redwood received responses from and/or directly engaged with institutional stockholders holding 46% of our common shares held by institutions. (These stockholders represented 37% of all outstanding shares of common stock.) Based on the extensive stockholder outreach conducted over the prior two years, many of the stockholders that were contacted responded that engagement in prior years had supported their understanding and support for the compensation program, without the need for direct engagement in 2024.

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▪ “Say on Pay Support” in 2024 and Over the Long-Term . At Redwood’s May 2024 annual meeting, stockholders representing approximately 91.3% of shares voted were in support of “Say-on-Pay”. This high level of “Say-on-Pay” support is reflective of the generally positive feedback that stockholders have provided following the May 2022 “Say-on-Pay” vote.

▪ Excluding the low level of support received in May 2022, stockholders have provided an average of approximately 90% support since the inception of “Say-on-Pay” voting at Redwood in 2011.

The Committee believes that this ongoing stockholder outreach process results in a more detailed understanding of recent “Say-on-Pay” voting results and provides a forum for valuable feedback from stockholders regarding their views on Redwood’s executive compensation philosophy, practices and disclosures.

#### Stockholder Feedback
As described above, in 2024 the Committee Chair and Redwood’s outreach team continued its practice of engaging with stockholders regarding executive compensation. Engagement was focused primarily on continuing to gather feedback and perspectives on the changes to the design and structure of the executive compensation program that had been implemented by the Committee following the May 2022 annual meeting of stockholders.

▪ As mentioned above, based on the extensive stockholder outreach conducted over the prior two years, many of the stockholders