Redwood Trust legal chief buys 5,000 shares
Redwood Trust’s chief legal officer made an open‑market share purchase and continues to hold multiple tranches of deferred stock units tied to RWT common stock.
Rhea-AI Filing Summary
REDWOOD TRUST INC (RWT) reports that Chief Legal Officer Andrew P. Stone purchased 5,000 shares of Common Stock on September 21, 2026 at $4.1187 per share, bringing his direct holdings to 183,631 shares. He also holds several grants of Deferred Stock Units that are settled in Common Stock, with grant date fair values ranging from $5.63 to $7.79 per underlying share and long-term vesting schedules; these DSUs have no expiration date. No Rule 10b5-1 trading plan is reported for this purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
6 txns
Insider
Stone Andrew P
Role
Chief Legal Officer
Bought
5,000 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $4.1187 | $21K |
| 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 | -- | -- | -- |
| holding | Deferred Stock Units F8, F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 183,631 shares (Direct);
Deferred Stock Units — 168,507 contracts (Direct)
Footnotes (8)
- 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
- F8. No exercise price is applicable to deferred stock units.
Key Figures
Common shares purchased: 5,000 shares
Purchase price per share: $4.1187 per share
Direct holdings after transaction: 183,631 shares
+4 more
7 metrics
Common shares purchased
5,000 shares
Open-market or private purchase on September 21, 2026
Purchase price per share
$4.1187 per share
Common Stock purchase on September 21, 2026
Direct holdings after transaction
183,631 shares
Common Stock directly owned by Andrew P. Stone after the purchase
Deferred Stock Units underlying shares (tranche 1)
39,964 shares
Deferred Stock Units with $5.63 grant date fair value, settled in Common Stock
Deferred Stock Units underlying shares (tranche 2)
38,403 shares
Deferred Stock Units with $6.64 grant date fair value, settled in Common Stock
Deferred Stock Units underlying shares (tranche 3)
42,002 shares
Deferred Stock Units with $7.44 grant date fair value, settled in Common Stock
Deferred Stock Units underlying shares (tranche 4)
48,138 shares
Deferred Stock Units with $7.79 grant date fair value, settled in Common Stock
Key Terms
Deferred Stock Units, grant date fair value, 2014 Incentive Award Plan, fair market value
4 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.
2014 Incentive Award Plan financial
"based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan."
fair market value financial
"based on the fair market value of RWT common stock on the transaction date"
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) disclose about Andrew P. Stone’s recent stock transaction?
Andrew P. Stone, Chief Legal Officer of REDWOOD TRUST INC, purchased 5,000 shares of Common Stock on September 21, 2026 at $4.1187 per share. After this transaction, he directly holds 183,631 shares of Redwood Trust common stock.
Was Andrew P. Stone’s RWT stock purchase made under a Rule 10b5-1 plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with Andrew P. Stone’s September 21, 2026 purchase of Redwood Trust common stock.
What Deferred Stock Units linked to RWT common stock does Andrew P. Stone hold?
Andrew P. Stone holds multiple Deferred Stock Units, each tied to Redwood Trust common stock, including tranches with 39,964, 38,403, 42,002, and 48,138 underlying shares. These DSUs vest over several years and have no expiration date.
What are the grant date fair values of Andrew P. Stone’s Deferred Stock Units in RWT?
The filing reports grant date fair values for the Deferred Stock Units based on Redwood Trust’s stock price at grant, including $5.63, $6.64, $7.44, and $7.79 per underlying share, issued under the company’s 2014 Incentive Award Plan.
How do Andrew P. Stone’s Deferred Stock Units in RWT vest over time?
Each Deferred Stock Unit grant vests over several years, typically with 25% vesting on a stated January 31 date and 6.25% vesting each quarter thereafter until fully vested on specified December dates between 2026 and 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
