Form 4: Redwood Trust Director Damon Doneene K Converts Deferred Stock Units to Common Stock

Director Damon Doneene K converted 2,480 Deferred Stock Units to common stock at Redwood Trust Inc. on May 2, 2025, according to a Form 4 filing.

Summary

• On May 2, 2025, Damon Doneene K, a director at Redwood Trust Inc., converted 2,480 Deferred Stock Units into common stock.
• The conversion occurred under the Executive Deferred Compensation Plan.
• The value per stock unit or share of common stock was $5.83 on the transaction date.
• The fair value of the Deferred Stock Units was originally $7.56 based on the grant date fair market value.
• The Deferred Stock Units were subject to a mandatory holding period and are now being delivered to the participant.

Sentiment

Score: 5

Explanation: The document reports a routine transaction related to executive compensation, with no indication of positive or negative sentiment.

Industry Context

This transaction is a routine execution of an executive compensation plan, reflecting the standard practice of granting and vesting deferred stock units as part of executive remuneration.

Stakeholder Impact

• The conversion of deferred stock units to common stock may have a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Form 4, Redwood Trust Inc, RWT, Damon Doneene K, Deferred Stock Units, Common Stock, Executive Deferred Compensation Plan, Director, Conversion