Redwood Trust (NYSE: RWT) CHRO converts PSUs and updates share holdings
Rhea-AI Filing Summary
REDWOOD TRUST INC Chief Human Resource Officer Sasha G. Macomber converted Performance Stock Units into common stock as part of compensation. Macomber exercised 8,031 Performance Stock Units into 8,031 shares of common stock under the Executive Deferred Compensation Plan, based on the fair market value on the transaction date.
To cover income tax obligations related to this distribution and conversion, 9,407 Performance Stock Units were withheld in a Compensation Committee–approved tax-withholding transaction, rather than sold in the open market. After these events, Macomber directly holds 90,403 shares of common stock, and no Performance Stock Units from the same original grant date remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,031 shares
Net Buy
3 txns
Insider
Macomber Sasha G.
Role
Chief Human Resource Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Performance Stock Units | 9,407 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 8,031 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,031 | $5.97 | $48K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Common Stock — 90,403 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 exercised: 8,031 units
Common shares received: 8,031 shares
Tax withholding units: 9,407 units
+3 more
6 metrics
PSUs exercised
8,031 units
Performance Stock Units converted to common stock on 2026-04-14
Common shares received
8,031 shares
Shares of common stock underlying exercised Performance Stock Units
Tax withholding units
9,407 units
Performance Stock Units withheld to cover income tax liability
Common shares held after
90,403 shares
Direct common stock ownership following transactions
PSU conversion price reference
$9.0917 per unit
Original grant-date fair value per Performance Stock Unit
Common stock fair value
$5.97 per share
Fair market value used for conversion/distribution on transaction date
Key Terms
Performance Stock Units, Executive Deferred Compensation Plan, FASB Accounting Standards Codification Topic 718, Compensation Committee, +1 more
5 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"
Compensation Committee financial
"disposition transaction represents a Compensation Committee approved withholding of securities"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
fair market value financial
"based on the fair market value of Redwood Trust, Inc. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did RWT executive Sasha G. Macomber report in this Form 4?
Sasha G. Macomber reported a conversion of Performance Stock Units into common stock under Redwood Trust’s Executive Deferred Compensation Plan. The filing also shows compensation-related tax withholding in stock units and updated direct ownership of common shares following these transactions.
How many Redwood Trust (RWT) Performance Stock Units did Macomber convert?
Macomber exercised 8,031 Performance Stock Units into 8,031 shares of common stock. The conversion was part of a distribution and/or conversion under the Executive Deferred Compensation Plan and used the fair market value of Redwood Trust common stock on the transaction date.
How many Redwood Trust (RWT) units were withheld for taxes in this filing?
9,407 Performance Stock Units were withheld to cover income tax liability related to the distribution and/or conversion of units. The Compensation Committee approved this withholding of securities as a non-market disposition tied directly to the compensation event, not an open-market sale.
What is Sasha G. Macomber’s common stock holding in RWT after these transactions?
After the reported transactions, Macomber directly holds 90,403 shares of Redwood Trust common stock. This figure reflects the new ownership position following the Performance Stock Unit conversion and the associated tax-withholding disposition of additional units.
Were any Performance Stock Units remaining after the reported RWT transactions?
No Performance Stock Units with the same original grant date remain beneficially owned after these transactions. The filing notes that, following the conversion and tax withholding, all such units from that grant have been fully distributed, converted, or withheld.
How was the value of RWT Performance Stock Units determined in this Form 4?
The value per unit was based on fair market value and original grant-date fair value. One footnote ties unit value to Redwood Trust’s fair market stock price on the transaction date, while another references grant-date fair value under FASB ASC Topic 718.