Redwood Trust (RWT) director converts 20,729 deferred stock units into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Redwood Trust director Debora D. Horvath reported compensation-related share activity involving deferred stock units and indirect holdings. She exercised or converted 20,729 Deferred Stock Units into an equal number of shares of common stock under the Executive Deferred Compensation Plan, with no open-market purchase or sale reported.
After the conversion, 149,036.19 shares of common stock were held indirectly through a trust, and 9,568.49 shares were held indirectly in an IRA. The footnotes state the deferred units were subject to a mandatory holding period and are being delivered at the time specified in the grant agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,729 shares exercised/converted
Mixed
3 txns
Insider
Debora Horvath D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 20,729 | $0.00 | -- |
| Exercise | Common Stock | 20,729 | $5.28 | $109K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 0 shares (Direct, null);
Common Stock — 149,036.19 shares (Indirect, by Trust)
Footnotes (1)
- This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan. Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Deferred Stock Units, including 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. Represents fair value of Deferred Stock Units, based on the original grant date fair market value. Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time specified in the grant agreement, according to the terms and conditions of the Executive Deferred Compensation Plan. No expiration date is applicable to deferred stock units.
Key Figures
Deferred units converted: 20,729 units/shares
Trust holdings after transaction: 149,036.19 shares
IRA holdings after transaction: 9,568.49 shares
+3 more
6 metrics
Deferred units converted
20,729 units/shares
Deferred Stock Units converted to common stock on May 26, 2026
Trust holdings after transaction
149,036.19 shares
Common stock indirectly owned by trust after conversion
IRA holdings after transaction
9,568.49 shares
Common stock indirectly owned by IRA holding entry
Conversion value per share
$5.28 per share
Fair market value of Redwood Trust common stock on transaction date
Original grant date value
$6.03 per unit
Fair value of Deferred Stock Units based on original grant date
Derivative exercises
1 transaction, 20,729 units
Exercise or conversion of derivative security (Deferred Stock Units)
Key Terms
Deferred Stock Units, Executive Deferred Compensation Plan, mandatory holding period, fair market value
4 terms
Deferred Stock Units financial
"This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock"
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.
Executive Deferred Compensation Plan financial
"under the Executive Deferred Compensation Plan"
mandatory holding period financial
"Deferred Stock Units were subject to a mandatory holding period"
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.
FAQ
What insider transaction did Debora D. Horvath report at Redwood Trust (RWT)?
Debora D. Horvath reported exercising or converting 20,729 Deferred Stock Units into common stock under Redwood Trust’s Executive Deferred Compensation Plan. This is a compensation-related conversion, not an open-market stock purchase or sale, and reflects delivery of previously deferred equity.
Were there any open-market buys or sells in this Redwood Trust (RWT) Form 4?
No open-market purchases or sales were reported. The Form 4 shows a conversion of 20,729 Deferred Stock Units into common stock under an Executive Deferred Compensation Plan, plus an updated indirect IRA holding entry, rather than discretionary market trades.
What are Deferred Stock Units in the Redwood Trust (RWT) filing for Debora Horvath?
In this filing, Deferred Stock Units represent compensation that was previously deferred into stock-based units. The footnotes explain these units were subject to a mandatory holding period and are now being delivered as common stock under the Executive Deferred Compensation Plan’s terms.
What prices are referenced for Debora Horvath’s Redwood Trust (RWT) deferred units?
The Form 4 references a $6.03 value per deferred stock unit based on original grant date fair market value and a $5.28 value per share for the conversion based on Redwood Trust’s fair market value on the transaction date, as described in the footnotes.