Form 4: Redwood Trust Director Armando Falcon Converts Deferred Stock Units to Common Stock
SEC Form 4
Director Armando Falcon converted 10,054 deferred stock units into common stock of Redwood Trust Inc. on June 5, 2024.
Summary
- On June 5, 2024, Armando Falcon, a director of Redwood Trust Inc., converted 10,054 deferred stock units into common stock.
- The conversion was executed under the Executive Deferred Compensation Plan.
- The price per share for the conversion was $6.34.
- Following the transaction, Falcon directly owns 16,810.17 shares of Redwood Trust Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This transaction is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of transaction: Conversion of Deferred Stock Units to Common Stock |
| 06/06/2024 | Date of signature for the Form 4 filing |
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