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  4. [Form 4] REDWOOD TRUST INC Insider Trading Activity

Redwood Trust (RWT) director granted 24,809 Deferred Stock Units as compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Schwartz Faith A reported acquisition or exercise transactions in this Form 4 filing.

REDWOOD TRUST INC director Faith A. Schwartz received a grant of 24,809 Deferred Stock Units tied to the company’s common stock. The units were awarded as compensation under the 2014 Incentive Award Plan at a reference fair market value of $5.24 per share on the grant date.

These Deferred Stock Units are 100% vested immediately but are subject to a minimum mandatory holding period. The shares underlying the units will be delivered according to Schwartz’s deferral election, but not earlier than May 20, 2029. After this award, she holds 24,809 Deferred Stock Units directly.

Positive

  • None.

Negative

  • None.
Insider Schwartz Faith A
Role null
Type Security Shares Price Value
Grant/Award Deferred Stock Units 24,809 $0.00 --
Holdings After Transaction: Deferred Stock Units — 24,809 shares (Direct, null)
Footnotes (1)
  1. Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan. This transaction relates to the grant of Deferred Stock Units. 100% vested at grant. Shares are subject to a minimum mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 20, 2029. No expiration date is applicable to deferred stock units.
Deferred Stock Units granted 24,809 units Compensation grant to director Faith A. Schwartz
Fair market value per share $5.24 per share Reference value of RWT common stock on grant date
Units vested at grant 100% vested Vesting status of Deferred Stock Units on grant
Earliest delivery date May 20, 2029 Minimum date for delivery of underlying shares
Deferred units held after transaction 24,809 units Total Deferred Stock Units directly owned post-grant
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.
2014 Incentive Award Plan financial
"Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan."
Deferral Election financial
"will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 20, 2029."
fair market value financial
"Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan."
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Schwartz Faith A
(Last)(First)(Middle)
1 BELVEDERE PLACE
SUITE 300
(Street)
MILL VALLEY CALIFORNIA 94941
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
REDWOOD TRUST INC [ RWT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units$5.24(1)05/19/2026A(2)24,809(3) (4) (5)Common Stock24,809$0.024,809D
Explanation of Responses:
1. Represents fair market value RWT common stock on the grant date under the 2014 Incentive Award Plan.
2. This transaction relates to the grant of Deferred Stock Units.
3. 100% vested at grant.
4. Shares are subject to a minimum mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 20, 2029.
5. No expiration date is applicable to deferred stock units.
Attorney-In-Fact:/Andrew P. Stone05/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did REDWOOD TRUST INC (RWT) director Faith A. Schwartz report on this Form 4?

Faith A. Schwartz reported receiving 24,809 Deferred Stock Units as a compensation grant. The award relates to Redwood Trust common stock and was made under the company’s 2014 Incentive Award Plan, rather than through an open-market stock purchase or sale.

How many Deferred Stock Units did Faith A. Schwartz acquire in the latest RWT filing?

She acquired 24,809 Deferred Stock Units linked to Redwood Trust common stock. The filing shows these units were granted as a compensation award, leaving her with 24,809 Deferred Stock Units directly owned following the transaction reported on the Form 4.

At what value were Faith A. Schwartz’s Deferred Stock Units granted for RWT?

The filing notes a fair market value of $5.24 per share for Redwood Trust common stock on the grant date. This value is used for the Deferred Stock Units award under the 2014 Incentive Award Plan, even though no cash purchase price was paid.

When will the Deferred Stock Units granted to Faith A. Schwartz in RWT be delivered?

The units are subject to a minimum mandatory holding period and will be delivered according to the participant’s deferral election, but not earlier than May 20, 2029. This means share delivery is deferred for several years after the grant date.

Are Faith A. Schwartz’s Deferred Stock Units in RWT vested immediately?

Yes. The filing states that the Deferred Stock Units are 100% vested at grant. Although fully vested, the underlying shares are still subject to a minimum holding period and will not be delivered before May 20, 2029, per the deferral terms.

Do the Deferred Stock Units granted to Faith A. Schwartz in RWT have an expiration date?

No. The footnotes specify that no expiration date applies to the Deferred Stock Units. Instead of expiring, the units are governed by a deferral schedule and mandatory holding period, with delivery of shares occurring after at least May 20, 2029.