Form 4: Redwood Trust Director Acquires Deferred Stock Units

Redwood Trust Director Greg H. Kubicek acquired 17,551.19 Deferred Stock Units as part of his compensation, increasing his beneficial ownership to 41,187.19 units.

Summary

• Greg H. Kubicek, a Director of Redwood Trust Inc. (RWT), acquired 17,551.19 Deferred Stock Units (DSUs).
• The transaction occurred on December 30, 2025.
• These DSUs were acquired in accordance with a deferral election related to director compensation and/or dividend equivalent rights under the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan.
• The acquired DSUs are 100% vested at grant and have no expiration date.
• Each DSU represents one share of Redwood Trust Inc. Common Stock.
• Following this transaction, Mr. Kubicek beneficially owns a total of 41,187.19 Deferred Stock Units.

Sentiment

Score: 6

Explanation: The acquisition of deferred stock units by a director, even as compensation, generally indicates continued alignment of management interests with shareholders and can be viewed as a minor positive signal.

Positives

• A director increasing their beneficial ownership, even through compensation, can signal alignment with shareholder interests and confidence in the company's future.

Future Outlook

N/A

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The increased beneficial ownership by a director may be viewed positively as it aligns management's interests with those of shareholders.

Key Dates

Keywords

Redwood Trust, RWT, Form 4, Insider Transaction, Deferred Stock Units, Director Compensation, Equity Compensation