Form 4: Redwood Trust Director Douglas Hansen Converts Deferred Stock Units to Common Stock
SEC Form 4 Filing
Director Douglas Hansen converted deferred stock units to common stock in a transaction dated June 5, 2024.
Summary
- On June 5, 2024, Douglas Hansen, 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, Hansen directly owns 13,418 shares of common stock and indirectly owns 382,989 shares through a trust and 3,000 shares through an IRA.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director's holdings.
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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