Form 4: Two Harbors CEO Disposes Shares for Tax Obligations
Statement of Changes in Beneficial Ownership
Two Harbors Investment Corp. CEO William Greenberg disposed of 154,593 common shares to cover tax liabilities related to a restricted stock grant.
Summary
- William Ross Greenberg, Chief Executive Officer and Director of Two Harbors Investment Corp., reported a change in beneficial ownership.
- On December 30, 2025, Greenberg disposed of 154,593 shares of common stock, par value $0.01 per share.
- The disposition was made to satisfy applicable tax obligations in connection with an election under Section 83(b) of the Internal Revenue Code.
- This tax-related transaction was linked to a grant of restricted common stock received on December 18, 2025.
- The reported price for the shares disposed was $11.32, which was the closing price of the Issuer's common stock on the grant date of December 18, 2025.
- Following this transaction, Greenberg directly beneficially owns 546,106 shares of common stock.
- Additionally, 3,025 shares are held indirectly by his spouse, in which he retains a pecuniary interest but disclaims dispositive or voting power.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction by an insider to cover tax obligations related to compensation, rather than a discretionary sale or purchase.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing details a routine insider transaction for tax purposes, common across all industries when restricted stock awards vest or are granted with a Section 83(b) election. It does not provide specific insights into broader industry trends or competitive positioning.
Related Party Transactions
- The transaction involves the disposition of shares by the CEO to the company to satisfy tax obligations related to a restricted stock grant, which is an internal compensation-related dealing.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary tax-related transaction by an executive, not indicative of a change in management's view of the company's prospects.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 12/18/2025 | Date of grant of restricted common stock to William Ross Greenberg. |
| 12/30/2025 | Date of transaction where shares were disposed to cover tax liabilities. |
| 12/31/2025 | Date the Form 4 was signed by William Ross Greenberg. |
Keywords
Two Harbors Investment Corp, TWO, SEC Form 4, insider transaction, common stock, tax withholding, restricted stock, CEO, Director, beneficial ownership
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