Form 4: Two Harbors Investment Corp. Officer Matthew Keen Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Matthew Keen, Chief Technology Officer of Two Harbors Investment Corp., sold 1,891 shares of common stock to cover income tax liabilities resulting from the vesting of restricted stock units.
Summary
- On February 27, 2024, Matthew Keen, the Chief Technology Officer of Two Harbors Investment Corp., sold 1,891 shares of the company's common stock.
- The sale was executed at a price of $12.6002 per share.
- This transaction was conducted to satisfy income tax liabilities incurred from the vesting of previously granted restricted stock units.
- The sale was executed under a pre-arranged trading plan (Rule 10b5-1) established on May 10, 2023.
- Following the transaction, Matthew Keen directly owns 29,718 shares of Two Harbors Investment Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations after vesting of restricted stock units are a common practice among corporate executives and are generally viewed as a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/10/2023 | Date of trading instructions given by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. |
| 02/27/2024 | Date of the transaction: Matthew Keen sold 1,891 shares of Two Harbors Investment Corp. common stock. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
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