Form 4: Redwood Trust President Dashiell Robinson Reports Stock Transactions
SEC Form 4
Dashiell Robinson, President of Redwood Trust, reports the conversion and distribution of Performance Stock Units to common stock, along with related tax withholding.
Summary
- On April 16, 2024, Dashiell I. Robinson, President of Redwood Trust Inc., engaged in transactions involving Performance Stock Units (PSUs) and common stock.
- Robinson converted 66,153 Performance Stock Units into common stock at a price of $5.59 per share, resulting in 215,211 shares beneficially owned following the transaction.
- Additionally, 76,879 Performance Stock Units were disposed of to cover income tax liabilities related to the conversion.
- Following these transactions, Robinson no longer beneficially owns Performance Stock Units with the same original grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of transaction involving Performance Stock Units and common stock. |
| 04/17/2024 | Date of signature for the report. |
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