Redwood Trust president converts performance units into shares
REDWOOD TRUST INC President Dashiell I. Robinson reported compensation-related stock activity involving Performance Stock Units and common stock.
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Form Type
4
Rhea-AI Filing Summary
REDWOOD TRUST INC President Dashiell I. Robinson reported compensation-related stock activity involving Performance Stock Units and common stock. He exercised 20,880 Performance Stock Units into 20,880 shares of common stock, reflecting a value of $5.97 per share based on the fair market value on the transaction date.
Separately, 24,461 Performance Stock Units were withheld as a tax-withholding disposition approved by the Compensation Committee in connection with this distribution and conversion under the Executive Deferred Compensation Plan, rather than an open-market sale. Following these transactions, Robinson holds 331,839 shares of common stock directly, and no Performance Stock Units with the same original grant date remain beneficially owned.
Insider Trade Summary
20,880 shares exercised/converted
Exercise
3 txns
Insider
Robinson Dashiell I
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Performance Stock Units | 24,461 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 20,880 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,880 | $5.97 | $125K |
Holdings After Transaction:
Performance Stock Units — 0 contracts (Direct);
Common Stock — 331,839 shares (Direct)
Footnotes (7)
- F1. This transaction relates to the distribution and/or conversion of Performance Stock Units to common stock under the Executive Deferred Compensation Plan.
- F2. Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Performance Stock Units to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date.
- F3. Represents fair value per stock unit of Performance Stock Units based on the original grant date fair value determined at such time in accordance with FASB Accounting Standards Codification Topic 718.
- F4. This disposition transaction represents a Compensation Committee approved withholding of securities incident to the payment of income tax liability relating to the distribution and/or conversion of Performance Stock Units under the Executive Deferred Compensation Plan.
- F5. Performance Stock Units were subject to a mandatory holding period and conversion and/or distribution to the Reporting Person within 45 days following April 1, 2026.
- F6. No expiration date is applicable to performance stock units.
- F7. Following these reported transactions, no other Performance Stock Units with the same original grant date are beneficially owned.
Key Figures
PSUs converted: 20,880 units
Tax-withheld units: 24,461 units
Shares received: 20,880 shares
+3 more
6 metrics
PSUs converted
20,880 units
Performance Stock Units converted to common stock on April 14, 2026
Tax-withheld units
24,461 units
Performance Stock Units withheld to cover income tax liability
Shares received
20,880 shares
Common stock received upon conversion of Performance Stock Units
Share value on transaction date
$5.97 per share
Fair market value of Redwood Trust common stock on transaction date
Original PSU fair value
$9.0917 per unit
Grant-date fair value under ASC Topic 718
Post-transaction holdings
331,839 shares
Common stock directly owned by Robinson after transactions
Key Terms
Performance Stock Units, Executive Deferred Compensation Plan, FASB Accounting Standards Codification Topic 718, tax-withholding disposition
4 terms
Performance Stock Units financial
"This transaction relates to the distribution and/or conversion of Performance Stock Units to common stock"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Executive Deferred Compensation Plan financial
"distribution and/or conversion of Performance Stock Units to common stock under the Executive Deferred Compensation Plan"
FASB Accounting Standards Codification Topic 718 financial
"original grant date fair value determined at such time in accordance with FASB Accounting Standards Codification Topic 718"
tax-withholding disposition financial
"disposition transaction represents a Compensation Committee approved withholding of securities incident to the payment of income tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did REDWOOD TRUST INC (RWT) report for Dashiell I. Robinson?
REDWOOD TRUST INC reported that President Dashiell I. Robinson exercised 20,880 Performance Stock Units into 20,880 shares of common stock. In addition, 24,461 units were withheld to cover income tax liabilities under the Executive Deferred Compensation Plan, making this a compensation-related, non-open-market transaction.
What were the Performance Stock Units involved in the RWT Form 4 filing?
The filing shows 20,880 Performance Stock Units converted into the same number of common shares and 24,461 units disposed as tax withholding. These Performance Stock Units were granted under the Executive Deferred Compensation Plan and were subject to a mandatory holding period before conversion and distribution.
Was the RWT insider transaction an open-market sale or purchase of common stock?
The RWT Form 4 does not report any open-market sale or purchase. Instead, it records a derivative exercise converting 20,880 Performance Stock Units into common stock and a Compensation Committee–approved withholding of 24,461 units to cover income tax liabilities related to that distribution and conversion.
Do any similar Performance Stock Units remain after this RWT Form 4 transaction?
According to the footnotes, following these reported transactions no other Performance Stock Units with the same original grant date remain beneficially owned. The activity reflects the distribution and conversion of those units under the Executive Deferred Compensation Plan and the associated tax-withholding disposition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
