Redwood Trust CFO buys 26K shares at $3.85
Redwood Trust’s CFO reported an open-market purchase of common stock, increasing her direct ownership alongside existing deferred stock unit awards.
Rhea-AI Filing Summary
REDWOOD TRUST INC (RWT) reported that Chief Financial Officer Brooke Carillo purchased 26,065 shares of common stock on September 15, 2026 at $3.8457 per share in an open‑market or private transaction. Following this purchase, Carillo directly holds 140,481 common shares, plus multiple outstanding Deferred Stock Unit awards tied to additional common shares with various vesting schedules. No Rule 10b5-1 trading plan is reported for this transaction.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 26,065 shares
Net Buy
6 txns
Insider
Carillo Brooke
Role
Chief Financial Officer
Bought
26,065 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 26,065 | $3.8457 | $100K |
| 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, F10, F9, F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 140,481 shares (Direct);
Deferred Stock Units — 866,432 contracts (Direct)
Footnotes (10)
- 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. This transaction relates to the grant of deferred stock units approved by the Compensation Committee of the Board of Directors to Ms. Carillo on January 31, 2023.
- F9. 50% of this award of deferred stock units will vest on January 31, 2025, and the remainder 50% will vest on January 31, 2027. The award will be delivered to Ms. Carillo within 30 days of the January 31, 2027.
- F10. Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan.
Key Figures
Common shares purchased: 26,065 shares
Purchase price per share: $3.8457 per share
Direct common shares held after transaction: 140,481 shares
+4 more
7 metrics
Common shares purchased
26,065 shares
Open-market or private purchase on September 15, 2026
Purchase price per share
$3.8457 per share
Common stock transaction on September 15, 2026
Direct common shares held after transaction
140,481 shares
Post-transaction holdings of CFO Brooke Carillo
Deferred Stock Units underlying shares (award example 1)
93,250 shares
Deferred Stock Units with $5.63 grant-date fair value per share
Deferred Stock Units underlying shares (award example 2)
478,468 shares
Deferred Stock Units with $8.36 grant-date fair value per share
Grant-date fair value per share (DSU example 1)
$5.63 per share
Based on fair market value of RWT common stock on grant date
Grant-date fair value per share (DSU example 2)
$8.36 per share
Based on fair market value of RWT common stock on grant date
Key Terms
Deferred Stock Units, grant date fair value, fair market value, 2014 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 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.
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.
2014 Incentive Award Plan financial
"under the 2014 Incentive Award Plan."
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RWT’s CFO report buying in this Form 4?
The Chief Financial Officer, Brooke Carillo, reported purchasing 26,065 shares of Redwood Trust common stock on September 15, 2026 at $3.8457 per share in an open‑market or private transaction.
Was the RWT CFO’s September 15, 2026 trade under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for the September 15, 2026 common stock purchase by the Redwood Trust CFO.
What exercise or conversion prices apply to the CFO’s Deferred Stock Units at RWT?
The reported Deferred Stock Units reference grant-date fair values of $5.63, $6.64, $7.44, $7.79, and $8.36 per underlying share, based on the fair market value of Redwood Trust common stock on their respective grant dates.
How do the RWT CFO’s Deferred Stock Units vest over time?
Footnotes state vesting schedules such as 25% on January 31 of a given year with 6.25% each quarter thereafter, and an award where 50% vests on January 31, 2025 and the remaining 50% on January 31, 2027, with delivery within 30 days after January 31, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
