Form 4: Two Harbors Investment Corp. Chief Legal Officer Sells Shares to Cover Tax Obligations

Rebecca B. Sandberg, Chief Legal Officer of Two Harbors Investment Corp., sold 3,014 shares of common stock on January 14, 2025, to cover income tax liabilities related to vesting restricted stock units.

Summary

• On January 14, 2025, Rebecca B. Sandberg, the Chief Legal Officer of Two Harbors Investment Corp., sold 3,014 shares of the company's common stock.
• The sale was executed at a weighted average price of $11.2375 per share, with individual transactions occurring between $11.24 and $11.25.
• This transaction was conducted under a pre-arranged trading plan (Rule 10b5-1) established on February 6, 2024.
• The purpose of the sale was to satisfy income tax obligations arising from the vesting of previously granted restricted stock units.
• Following the transaction, Sandberg directly owns 149,364 shares of Two Harbors Investment Corp.
• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote, upon request.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. This filing indicates a sale of shares by the Chief Legal Officer to cover tax obligations, which is a common practice.

Key Dates