[Form 4] STARWOOD PROPERTY TRUST, INC. Insider Trading Activity

Rhea-AI Filing Summary

Richard D. Bronson, a director of Starwood Property Trust, Inc. (STWD), reported an internal equity transaction dated 09/30/2025. He was granted 7,744 shares of common stock that the filing identifies as restricted shares that vest on 09/30/2026. After this reported acquisition, Mr. Bronson beneficially owned 91,429 shares directly. The filing also discloses 15,000 shares held indirectly by his spouse. The grant was made under the Starwood Property Trust, Inc. 2022 Equity Plan. The Form 4 was signed on behalf of Mr. Bronson by his attorney-in-fact on 10/02/2025.

Positive

• 7,744 restricted shares granted under the 2022 Equity Plan shows alignment of director compensation with shareholder outcomes
• Director reports 91,429 shares beneficially owned after the grant, providing transparency of insider holdings

Negative

• None.

Insights

Corporate Governance Expert

Director received restricted shares under the company equity plan; vesting scheduled for 09/30/2026.

The Form 4 shows a non-market acquisition of 7,744 restricted shares on 09/30/2025, granted under the 2022 Equity Plan. This is an equity-compensation event rather than an open-market purchase or sale, indicating alignment of the director's interests with shareholders pending vesting.

The filing also records 15,000 shares held indirectly by the director's spouse and a total direct beneficial ownership of 91,429 shares after the reported grant.

Compensation Analyst

Transaction is a restricted-share grant with a one-year vesting horizon noted in the explanation.

The explanatory note states the 7,744 shares are restricted and vest on 09/30/2026, identifying the award as future-compensatory rather than immediately liquid stock. The grant instrument is specified as the Starwood Property Trust, Inc. 2022 Equity Plan, which governs the award terms.

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

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bronson Richard D.

(Last) (First) (Middle)

C/O STARWOOD PROPERTY TRUST, INC.

2340 COLLINS AVENUE

(Street)

MIAMI BEACH FL 33139

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/30/2025		A		7,744(1)	A	(2)	91,429	D
Common Stock								15,000	I	By spouse

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. Represents restricted shares of the issuer's common stock vesting on September 30, 2026.

2. The issuer granted these shares to Mr. Bronson pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

	/s/ Rina Paniry, his attorney-in-fact	10/02/2025
	** 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.

FAQ

What did Richard D. Bronson report on the STWD Form 4?

He reported receiving 7,744 restricted shares on 09/30/2025 and beneficially owning 91,429 shares after the transaction.

When do the newly granted shares vest?

The filing states the 7,744 restricted shares vest on 09/30/2026.

Under what plan were the shares granted?

The shares were granted pursuant to the Starwood Property Trust, Inc. 2022 Equity Plan.

Does the Form 4 show any indirect ownership?

Yes. The filing discloses 15,000 shares held indirectly by Mr. Bronson's spouse.

What is the transaction date and when was the form signed?

The transaction date is 09/30/2025 and the Form 4 was signed by the attorney-in-fact on 10/02/2025.