Form 4: Two Harbors CAO Reports Stock Transactions

Two Harbors Investment Corp.'s Chief Administrative Officer, Alecia Hanson, reported the acquisition of shares from vested performance units and subsequent sale to cover tax liabilities.

Summary

• Alecia Hanson, Chief Administrative Officer of Two Harbors Investment Corp. (TWO), reported transactions involving the company's common stock.
• On December 17, 2025, Ms. Hanson acquired 12,342 shares of common stock at a price of $0, resulting from the vesting of performance share units under the 2021 Equity Incentive Plan.
• Following this acquisition, Ms. Hanson beneficially owned 56,056 shares of common stock.
• On December 19, 2025, Ms. Hanson sold 10,768 shares of common stock at a weighted average price of $11.4147 per share.
• The sale was conducted to satisfy income tax liabilities incurred due to the accelerated vesting of restricted stock units and performance share units.
• This sale was executed pursuant to trading instructions given on November 13, 2022, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• After the sale, Ms. Hanson's beneficial ownership stands at 45,288 shares of common stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and tax obligations, which are generally neutral in sentiment for the company's overall prospects.

Positives

• The vesting of performance share units indicates the achievement of previously set performance goals, which is a positive for the executive and potentially reflects positively on company performance.

Negatives

• The sale of 10,768 shares by a key executive, even for tax purposes, reduces their direct ownership stake in the company.

Future Outlook

This filing is a report of insider transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details a routine insider transaction involving an executive's equity compensation and subsequent tax-related sale, which is a common occurrence across publicly traded companies and does not inherently reflect broader industry trends.

Stakeholder Impact

• Shareholders: The reduction in direct ownership by a key executive, even for tax purposes, is a minor data point. The pre-planned nature under Rule 10b5-1 suggests it's not based on new material non-public information.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Two Harbors Investment Corp., TWO, Alecia Hanson, Insider Transaction, Form 4, Stock Sale, Performance Share Units, Equity Incentive Plan, Rule 10b5-1, Executive Compensation