Form 4: Two Harbors Investment Corp. CEO Sells Shares to Cover Tax Liabilities

William Ross Greenberg, CEO of Two Harbors Investment Corp., sold 9,663 shares of common stock to cover income tax liabilities from vesting restricted stock units.

Summary

• On January 14, 2025, William Ross Greenberg, the CEO of Two Harbors Investment Corp., sold 9,663 shares of common stock at a price of $11.27 per share.
• The sale was executed to satisfy income tax liabilities resulting from the vesting of previously granted restricted stock units.
• The transaction was conducted under a pre-arranged trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, initiated on January 26, 2023.
• Following the transaction, Greenberg directly owns 399,402 shares of Two Harbors Investment Corp.
• Additionally, Greenberg's spouse holds 3,025 shares, in which Greenberg retains a pecuniary interest but disclaims beneficial ownership due to lack of dispositive or voting power.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates