Redwood Trust president buys 63K shares at $3.98
Redwood Trust’s president and director reported an open-market purchase of over 63,000 RWT shares and detailed several long-dated Deferred Stock Unit awards.
Rhea-AI Filing Summary
REDWOOD TRUST INC (RWT) reports that President and director Dashiell I. Robinson purchased 63,211.13 shares of common stock on September 16, 2026 at $3.98 per share in an open-market or private transaction, bringing his direct common stock holdings to 395,050.13 shares.
He also holds multiple Deferred Stock Unit (DSU) awards under the 2014 Incentive Award Plan, including positions tied to common stock at grant-date fair values of $5.63, $6.64, $7.44 and $7.79 per underlying share, with vesting schedules running through December 2029 and no stated expiration for the DSUs.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 63,211.13 shares
Net Buy
5 txns
Insider
Robinson Dashiell I
Role
President
Bought
63,211.13 shs ($252K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 63,211.13 | $3.98 | $252K |
| holding | Deferred Stock Units F1, F4, F2, F3 | -- | -- | -- |
| holding | Deferred Stock Units F1, F4, F5, F3 | -- | -- | -- |
| holding | Deferred Stock Units F1, F4, F6, F3 | -- | -- | -- |
| holding | Deferred Stock Units F1, F4, F7, F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 395,050.13 shares (Direct);
Deferred Stock Units — 409,611 contracts (Direct)
Footnotes (7)
- F1. This transaction relates to the grant of Deferred Stock Units.
- F2. 25% vests 1/31/2027, 6.25% every quarter thereafter (beginning with 4/1/2027). Fully vested 12/11/2029
- F3. No expiration date is applicable to deferred stock units.
- F4. Represents grant date fair value of the DSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan.
- F5. 25% vests 1/31/2026, 6.25% every quarter thereafter (beginning with 4/1/2026). Fully vested 12/18/2028
- F6. 25% vests 1/31/2024, 6.25% every quarter thereafter (beginning with 4/1/2024). Fully vested 12/14/2026
- F7. 25% vests 1/31/2025, 6.25% every quarter thereafter (beginning with 4/1/2025). Fully vested 12/14/2027
Key Figures
Common shares purchased: 63,211.13 shares
Purchase price per common share: $3.98 per share
Common shares held after transaction: 395,050.13 shares
+4 more
7 metrics
Common shares purchased
63,211.13 shares
Open-market or private purchase on September 16, 2026
Purchase price per common share
$3.98 per share
Price paid for common stock on September 16, 2026
Common shares held after transaction
395,050.13 shares
Direct ownership following September 16, 2026 purchase
DSU underlying shares at $5.63 grant-date fair value
95,914 shares
Deferred Stock Units tied to common stock at $5.63 per share
DSU underlying shares at $6.64 grant-date fair value
92,168 shares
Deferred Stock Units tied to common stock at $6.64 per share
DSU underlying shares at $7.44 grant-date fair value
109,206 shares
Deferred Stock Units tied to common stock at $7.44 per share
DSU underlying shares at $7.79 grant-date fair value
112,323 shares
Deferred Stock Units tied to common stock at $7.79 per share
Key Terms
Deferred Stock Units, grant date fair value, vests, Incentive Award Plan, +1 more
5 terms
Deferred Stock Units financial
"This transaction relates to the grant of Deferred Stock Units."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
grant date fair value financial
"Represents grant date fair value of the DSUs issued, based on the fair"
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.
vests financial
"25% vests 1/31/2027, 6.25% every quarter thereafter"
Incentive Award Plan financial
"under the 2014 Incentive Award Plan."
An incentive award plan is a formal program that rewards employees, executives, or directors with cash, stock, options, or other pay when the company meets set goals or performance targets. Like a sales commission or a loyalty program that pays out when you hit milestones, it’s designed to align staff behavior with company objectives; investors care because it affects a company’s costs, share count (dilution), leadership incentives, and long-term value creation.
fair market value financial
"based on the fair market value of RWT common stock on the"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Redwood Trust (RWT) President Dashiell Robinson buy in this Form 4?
He purchased 63,211.13 shares of Redwood Trust common stock on September 16, 2026 at a price of $3.98 per share in an open-market or private transaction, as reported in the Form 4 filing.
What are the grant-date fair values for Robinson’s RWT Deferred Stock Units?
The DSU grants carry grant-date fair values of $5.63, $6.64, $7.44 and $7.79 per underlying Redwood Trust common share, based on the fair market value of RWT stock on the respective transaction dates under the 2014 Incentive Award Plan.
How do Robinson’s RWT Deferred Stock Units vest and when are they fully vested?
Footnotes state that each DSU grant vests 25% on a stated January 31 date and then 6.25% quarterly beginning the following April 1, with different grants fully vesting on December 14, 2026, December 14, 2027, December 18, 2028 and December 11, 2029.
Do Redwood Trust (RWT) Deferred Stock Units reported here have an expiration date?
No. A footnote specifies that no expiration date is applicable to the Deferred Stock Units reported, even though they each have defined vesting schedules and underlying share amounts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
