Director at Starwood Property (NYSE: STWD) awarded RSUs and shares

Rhea-AI Filing Summary

Pollack Jonathan Lee reported acquisition or exercise transactions in this Form 4 filing.

STARWOOD PROPERTY TRUST, INC. director Jonathan Lee Pollack reported new equity compensation awards rather than open-market trades. He received rights to 111,000 restricted stock units that were previously granted to the company’s external manager; each unit represents one share of common stock and vests in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, subject to conditions. In addition, 5,828 shares of common stock were granted to him through the manager. Following these awards, he holds 117,104 shares of common stock directly.

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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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^*

Pollack Jonathan Lee

(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)

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

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		J		111,000(1)	A	(1)	111,276	D
Common Stock	03/16/2026		A		5,828(2)	A	(2)	117,104	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. SPT Management, LLC, the issuer's external manager (the "Manager"), granted to Mr. Pollack rights with respect to 111,000 restricted stock units previously granted from the issuer to the Manager. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Subject to certain conditions, this award vests in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029.

2. 5,828 shares of the issuer's common stock were granted to Mr. Pollack through the Manager.

	/s/ Jonathan Lee Pollack	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 insider transactions did Jonathan Lee Pollack report for STWD?

Jonathan Lee Pollack reported receiving rights to 111,000 restricted stock units and a separate grant of 5,828 common shares in STARWOOD PROPERTY TRUST, INC. These awards are equity compensation, not open-market trades, and increase his direct holdings to 117,104 shares of common stock.

How many restricted stock units were awarded to Pollack at Starwood Property Trust (STWD)?

Pollack was granted rights with respect to 111,000 restricted stock units previously granted from STARWOOD PROPERTY TRUST, INC. to its external manager. Each unit represents a contingent right to receive one common share, subject to vesting conditions over several future dates.

When do Jonathan Pollack’s new RSU awards in STWD vest?

Pollack’s 111,000 restricted stock units are scheduled to vest in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. Vesting remains subject to specified conditions that must be satisfied for the common shares to be delivered to him.

How many Starwood Property Trust (STWD) shares does Pollack hold after these grants?

After the reported equity awards, Pollack directly holds 117,104 shares of STARWOOD PROPERTY TRUST, INC. common stock. This total reflects his new 5,828-share grant through the manager as well as his prior holdings, together with the impact of the reported restructuring transaction.

Were Pollack’s STWD transactions open-market buys or sells?

The reported STWD transactions were not open-market buys or sells. They represent an “other” restructuring involving 111,000 restricted stock units and a grant of 5,828 common shares as compensation through the external manager, rather than purchases or sales on the stock market.