Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 89

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 89
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 performance stock units granted to reflect the value of any dividends paid on Redwood common stock during the vesting period. The maximum potential value of the performance stock units granted in December 2024 to Mr. Abate, Mr. Robinson, Ms. Carillo, Mr. Stone and Ms. Macomber (assuming the maximum number of units vest and calculated based on the closing price of Redwood’s common stock on the NYSE on the grant date) are $5,293,624, $3,982,672, $3,872,033, $1,659,436 and $1,659,436 respectively, assuming the Company achieves the maximum performance goals during the performance period and that there is no adjustment to the target number of units to reflect the value of any dividends paid on Redwood common stock during the vesting period. Information regarding the assumptions used to value our NEOs’ stock units is provided in Note 21 to our consolidated financial statements included in Redwood’s Annual Report on Form 10-K filed on March 3, 2025.

(7) These awards were approved by the Compensation Committee of the Board of Directors and granted pursuant to Redwood’s 2014 Incentive Plan. The value of these awards is determined in accordance with FASB Accounting Standards Codification Topic 718 based on, among other things, the closing price of Redwood’s common stock on the grant date.

#### Outstanding Equity Awards at Fiscal Year-End
The following table sets forth certain information regarding outstanding equity awards for each NEO as of December 31, 2024.

|                      | NEO | Stock Awards |      Number of 
      Shares or 
 Units of Stock 
      That Have 
     Not Vested 
         (#)(1) |     |   |   Market Value 
   of Shares or 
 Units of Stock 
      That Have 
     Not Vested 
         ($)(2) |     |     |            Equity Incentive 
                Plan Awards: 
                   Number of 
                    Unearned 
               Shares, Units 
                    or Other 
 Rights That Have Not Vested 
                      (#)(3) |     |   |             Equity Incentive 
                 Plan Awards: 
                    Market or 
                 Payout Value 
                  of Unearned 
 Shares, That Have Not Vested 
                       ($)(4) |
|:---------------------|:----|:-------------|---------------:|:----|:--|---------------:|:----|:----|----------------------------:|: