Redwood Trust Inc SEC Filings

REDWOOD TRUST INC President Dashiell I. Robinson reported compensation-related stock activity involving Performance Stock Units and common stock. He exercised 20,880 Performance Stock Units into 20,880 shares of common stock, reflecting a value of $5.97 per share based on the fair market value on the transaction date.

Separately, 24,461 Performance Stock Units were withheld as a tax-withholding disposition approved by the Compensation Committee in connection with this distribution and conversion under the Executive Deferred Compensation Plan, rather than an open-market sale. Following these transactions, Robinson holds 331,839 shares of common stock directly, and no Performance Stock Units with the same original grant date remain beneficially owned.

Redwood Trust CEO Christopher J. Abate reported routine compensation-related transactions involving Performance Stock Units under an Executive Deferred Compensation Plan. On April 14, 2026, 51,396 Performance Stock Units were exercised and converted into 51,396 shares of common stock.

To cover income tax obligations from this distribution and/or conversion, 60,212 underlying shares were disposed of through a Compensation Committee–approved tax-withholding transaction. The remaining 51,396 common shares were credited to an indirect holding "by Trust," bringing that trust’s common stock position to 579,283 shares. Following these transactions, no Performance Stock Units from the same original grant date remain outstanding.

Redwood Trust CEO Christopher J. Abate reported routine compensation-related transactions involving Performance Stock Units under an Executive Deferred Compensation Plan. On April 14, 2026, 51,396 Performance Stock Units were exercised and converted into 51,396 shares of common stock.

To cover income tax obligations from this distribution and/or conversion, 60,212 underlying shares were disposed of through a Compensation Committee–approved tax-withholding transaction. The remaining 51,396 common shares were credited to an indirect holding "by Trust," bringing that trust’s common stock position to 579,283 shares. Following these transactions, no Performance Stock Units from the same original grant date remain outstanding.

Redwood Trust Inc. director Greg H. Kubicek received 18,529.880 deferred stock units as part of his director compensation deferral. The award was granted on March 31, 2026 under Redwood Trust’s Amended and Restated Executive Deferred Compensation Plan, is 100% vested at grant, and represents an equivalent number of underlying common shares at a conversion price of $5.38 per share. The filing shows Kubicek directly holds 18,529.880 deferred stock units after this transaction.

Redwood Trust Inc. director Greg H. Kubicek received 18,529.880 deferred stock units as part of his director compensation deferral. The award was granted on March 31, 2026 under Redwood Trust’s Amended and Restated Executive Deferred Compensation Plan, is 100% vested at grant, and represents an equivalent number of underlying common shares at a conversion price of $5.38 per share. The filing shows Kubicek directly holds 18,529.880 deferred stock units after this transaction.

REDWOOD TRUST INC director Debora Horvath received a grant of deferred stock units as part of director compensation. She was awarded 10,961.73 Deferred Stock Units relating to a deferral election for director compensation and/or dividend equivalent rights under the company’s Amended and Restated Executive Deferred Compensation Plan.

The units are 100% vested at grant and have no expiration date. They are tied to an underlying 10,961.73 shares of Common Stock at a conversion price of $5.38 per share, providing equity-based compensation without an immediate cash transaction.

REDWOOD TRUST INC director Debora Horvath received a grant of deferred stock units as part of director compensation. She was awarded 10,961.73 Deferred Stock Units relating to a deferral election for director compensation and/or dividend equivalent rights under the company’s Amended and Restated Executive Deferred Compensation Plan.

The units are 100% vested at grant and have no expiration date. They are tied to an underlying 10,961.73 shares of Common Stock at a conversion price of $5.38 per share, providing equity-based compensation without an immediate cash transaction.

Redwood Trust, Inc. announced that its Board of Directors declared first quarter 2026 dividends on both common and preferred stock. The regular common stock dividend is $0.18 per share, unchanged from the fourth quarter of 2025, marking the company’s 107th consecutive quarterly common dividend. It will be paid on March 31, 2026 to stockholders of record on March 24, 2026.

For its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, the Board declared a first quarter 2026 dividend of $0.625 per share, payable on April 15, 2026 to stockholders of record on April 1, 2026. These actions underscore Redwood’s focus on delivering earnings and dividends within its housing credit-focused REIT model.

Redwood Trust, Inc. announced that its Board of Directors declared first quarter 2026 dividends on both common and preferred stock. The regular common stock dividend is $0.18 per share, unchanged from the fourth quarter of 2025, marking the company’s 107th consecutive quarterly common dividend. It will be paid on March 31, 2026 to stockholders of record on March 24, 2026.

For its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, the Board declared a first quarter 2026 dividend of $0.625 per share, payable on April 15, 2026 to stockholders of record on April 1, 2026. These actions underscore Redwood’s focus on delivering earnings and dividends within its housing credit-focused REIT model.

Redwood Trust, Inc. is a specialty finance company focused on housing credit, operating as a REIT and aiming to deliver returns through earnings, dividends, and capital appreciation. It runs four segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments.

Sequoia and Aspire buy residential consumer mortgages for sale, securitization, or portfolio investment, while CoreVest originates residential investor term and bridge loans, often securitized through CAFL® or joint ventures. Redwood Investments concentrates on retained interests from its own securitizations, and Legacy Investments holds non-core assets being run off or sold.

The company highlights significant risks from interest-rate volatility, credit losses, regulation (including evolving treatment of Home Equity Investments), competition from government-backed entities, leverage and margin calls, cybersecurity, and changing economic and housing conditions. As of June 30, 2025, non‑affiliate common equity market value was $767,882,919, and 124,989,447 common shares were outstanding on February 27, 2026.

Redwood Trust, Inc. is a specialty finance company focused on housing credit, operating as a REIT and aiming to deliver returns through earnings, dividends, and capital appreciation. It runs four segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments.

Sequoia and Aspire buy residential consumer mortgages for sale, securitization, or portfolio investment, while CoreVest originates residential investor term and bridge loans, often securitized through CAFL® or joint ventures. Redwood Investments concentrates on retained interests from its own securitizations, and Legacy Investments holds non-core assets being run off or sold.

The company highlights significant risks from interest-rate volatility, credit losses, regulation (including evolving treatment of Home Equity Investments), competition from government-backed entities, leverage and margin calls, cybersecurity, and changing economic and housing conditions. As of June 30, 2025, non‑affiliate common equity market value was $767,882,919, and 124,989,447 common shares were outstanding on February 27, 2026.

Redwood Trust, Inc. reported stronger results for the quarter and year ended December 31, 2025, driven by record mortgage banking activity. Fourth-quarter GAAP net income was $18.3 million, or $0.13 per share, compared with a loss of $0.08 per share in the prior quarter. Core segments non-GAAP Earnings Available for Distribution were $43.2 million, or $0.33 per basic share, reflecting a 23.8% annualized Core Segments EAD return on equity. Mortgage banking production reached a record $7.3 billion in the quarter and $23 billion for 2025, a 111% year-over-year increase, supporting a 26% full-year mortgage banking return on capital. GAAP book value per common share was $7.36 at year-end, after paying a $0.18 quarterly dividend, and the company repurchased 9.2 million shares for $53 million during 2025 while continuing to wind down its Legacy Investments portfolio.

Redwood Trust, Inc. reported stronger results for the quarter and year ended December 31, 2025, driven by record mortgage banking activity. Fourth-quarter GAAP net income was $18.3 million, or $0.13 per share, compared with a loss of $0.08 per share in the prior quarter. Core segments non-GAAP Earnings Available for Distribution were $43.2 million, or $0.33 per basic share, reflecting a 23.8% annualized Core Segments EAD return on equity. Mortgage banking production reached a record $7.3 billion in the quarter and $23 billion for 2025, a 111% year-over-year increase, supporting a 26% full-year mortgage banking return on capital. GAAP book value per common share was $7.36 at year-end, after paying a $0.18 quarterly dividend, and the company repurchased 9.2 million shares for $53 million during 2025 while continuing to wind down its Legacy Investments portfolio.

The Vanguard Group filed an amended Schedule 13G reporting a large passive ownership position in Redwood Trust Inc. common stock. Vanguard disclosed beneficial ownership of 11,666,505 shares, representing 9.2% of the class as of December 31, 2025.

Vanguard reported no sole voting or dispositive power, with shared voting power over 999,684 shares and shared dispositive power over 11,666,505 shares. The filing explains that these securities are held on behalf of Vanguard’s clients, and no individual other client has more than 5% of the class. Vanguard also certified that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Redwood Trust.

The document notes an internal realignment effective January 12, 2026, under which Vanguard no longer performs portfolio management or proxy voting. Certain Vanguard subsidiaries or business divisions are expected to report beneficial ownership separately while continuing the same investment strategies as before the realignment.

The Vanguard Group filed an amended Schedule 13G reporting a large passive ownership position in Redwood Trust Inc. common stock. Vanguard disclosed beneficial ownership of 11,666,505 shares, representing 9.2% of the class as of December 31, 2025.

Vanguard reported no sole voting or dispositive power, with shared voting power over 999,684 shares and shared dispositive power over 11,666,505 shares. The filing explains that these securities are held on behalf of Vanguard’s clients, and no individual other client has more than 5% of the class. Vanguard also certified that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Redwood Trust.

The document notes an internal realignment effective January 12, 2026, under which Vanguard no longer performs portfolio management or proxy voting. Certain Vanguard subsidiaries or business divisions are expected to report beneficial ownership separately while continuing the same investment strategies as before the realignment.

Redwood Trust, Inc. filed a current report on Form 8-K to inform investors that it has issued a press release with tax information for its 2025 dividend distributions. The company states that this press release, dated January 29, 2026, is attached as Exhibit 99.1 and incorporated by reference.

The filing is presented under the "Other Events" section, indicating this is an informational update rather than a change to the company’s financial condition or operations. The report is signed on behalf of Redwood Trust by its Chief Financial Officer, Brooke E. Carillo.

Redwood Trust Inc reported an insider equity award where a director acquired deferred stock units instead of taking cash compensation. On 12/30/2025, the director received 10,382.76 deferred stock units, each tied to an equal number of shares of Redwood Trust common stock, under the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan.

The filing states that these deferred stock units were granted in accordance with a deferral election related to director compensation and/or dividend equivalent rights. The units are 100% vested at grant and have no expiration date. Following this transaction, the director beneficially owns 34,018.76 deferred stock units on a direct basis.

Redwood Trust Inc reported an insider equity award where a director acquired deferred stock units instead of taking cash compensation. On 12/30/2025, the director received 10,382.76 deferred stock units, each tied to an equal number of shares of Redwood Trust common stock, under the Redwood Trust Inc. Amended and Restated Executive Deferred Compensation Plan.

The filing states that these deferred stock units were granted in accordance with a deferral election related to director compensation and/or dividend equivalent rights. The units are 100% vested at grant and have no expiration date. Following this transaction, the director beneficially owns 34,018.76 deferred stock units on a direct basis.