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

William Greenberg, CEO of Two Harbors Investment Corp., sold 8,170 shares of common stock on May 21, 2024, to satisfy income tax liabilities from vesting restricted stock units.

Summary

• On May 21, 2024, William Greenberg, the CEO of Two Harbors Investment Corp., sold 8,170 shares of common stock at a price of $12.6816 per share.
• The sale was executed to cover income tax liabilities resulting from the vesting of previously granted restricted stock units.
• The transaction was conducted under a Rule 10b5-1 trading plan established on January 26, 2023.
• Following the transaction, Greenberg directly owns 255,909 shares of Two Harbors Investment Corp.
• Greenberg's spouse also holds 3,025 shares, in which Greenberg disclaims beneficial ownership.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale to cover taxes) by an executive, which is neither particularly positive nor negative. The use of a 10b5-1 plan suggests pre-planning and compliance.

Industry Context

Insider sales are a common occurrence, especially when executives exercise stock options or restricted stock units. These sales are often planned in advance to comply with insider trading regulations and manage personal finances.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates potential concerns.

Key Dates