Starwood Property Trust (NYSE: STWD) CFO awarded 34,274 restricted shares

Rhea-AI Filing Summary

Paniry Rina reported acquisition or exercise transactions in this Form 4 filing.

STARWOOD PROPERTY TRUST, INC. reported that Chief Financial Officer Rina Paniry received a grant of 34,274 shares of common stock as an equity award. The shares were granted under the company’s 2022 Equity Plan at no cash cost to her.

These restricted shares will vest in annual installments over a three-year period that is deemed to begin on March 15, 2026, subject to certain conditions. Following this award, Ms. Paniry directly owns 655,774 shares of Starwood Property Trust common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Paniry Rina

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	34,274	$0.00	--

Holdings After Transaction: Common Stock — 655,774 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Paniry Rina

(Last) (First) (Middle)

C/O STARWOOD PROPERTY TRUST, INC.

2340 COLLINS AVENUE

(Street)

MIAMI BEACH FLORIDA 33139

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STARWOOD PROPERTY TRUST, INC. [ STWD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		A		34,274	A	(1)	655,774	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Starwood Property Trust, Inc. (the "Company") granted restricted shares of the Company's common stock to Ms. Paniry pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan. Such restricted shares of the Company's common stock will vest in annual installments over a three-year period that was deemed to begin on March 15, 2026, subject to certain conditions.

	/s/ Rina Paniry	03/18/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did STWD disclose about CFO Rina Paniry’s recent equity grant?

STWD disclosed that Chief Financial Officer Rina Paniry received a grant of 34,274 shares of common stock. The award was issued under Starwood Property Trust’s 2022 Equity Plan as restricted stock, with no cash paid per share in this transaction.

How will the new restricted shares granted to STWD’s CFO vest?

The restricted shares granted to STWD’s CFO will vest in annual installments over a three-year period. The vesting schedule is deemed to begin on March 15, 2026, and remains subject to certain conditions specified in the company’s equity plan and grant terms.

How many STWD shares does CFO Rina Paniry hold after this Form 4 grant?

After this equity grant, CFO Rina Paniry holds 655,774 shares of Starwood Property Trust common stock directly. This total includes the newly granted 34,274 restricted shares reported in the Form 4 and reflects her direct ownership position following the award.

What plan governed the restricted stock grant reported for STWD’s CFO?

The restricted stock grant to STWD’s CFO was made under the Starwood Property Trust, Inc. 2022 Equity Plan. This plan allows the company to grant equity-based awards, such as restricted shares, to executives and other participants as part of their compensation structure.

Was there any purchase or sale of STWD shares in this insider Form 4?

No open-market purchase or sale occurred in this Form 4. The filing reports a grant or award acquisition of 34,274 restricted common shares to the CFO, at a stated price of $0.0000 per share, as part of her compensation package.