Two Harbors (TWO) awards 9,337 RSUs to Chief Accounting Officer Halm

Rhea-AI Filing Summary

Two Harbors Investment Corp. reported an equity grant to its Chief Accounting Officer, Jillian Halm. On January 7, 2026, she was awarded 9,337 shares of common stock in the form of restricted stock units (RSUs) at a price of $0 per share under the company’s 2021 Equity Incentive Plan. After this grant, she beneficially owns 19,109 shares of common stock.

The RSUs were granted for no cash consideration and are designed to vest over time. The underlying common stock will vest in three equal installments on January 7, 2027, 2028 and 2029, subject to certain exceptions. This structure ties a portion of the officer’s compensation to the company’s long-term performance and continued service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Halm Jillian

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common stock, par value $0.01 per share	9,337	$0.00	--

Holdings After Transaction: Common stock, par value $0.01 per share — 19,109 shares (Direct)

Footnotes (1)

1. [object Object]

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^*

Halm Jillian

(Last) (First) (Middle)

TWO HARBORS INVESTMENT CORP.

1601 UTICA AVENUE SOUTH, SUITE 900

(Street)

ST. LOUIS PARK MN 55416

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TWO HARBORS INVESTMENT CORP. [ TWO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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, par value $0.01 per share	01/07/2026		A		9,337(1)	A	$0	19,109	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. Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. The RSUs were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain exceptions, in equal installments on January 7, 2027, 2028 and 2029.

Remarks:

	/s/ Jillian Halm	01/09/2026
	** 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.

FAQ

What insider transaction did TWO disclose for Jillian Halm?

Two Harbors Investment Corp. disclosed that Chief Accounting Officer Jillian Halm received a grant of 9,337 RSUs of common stock on January 7, 2026.

At what price were the 9,337 Two Harbors (TWO) RSUs granted to the Chief Accounting Officer?

The 9,337 RSUs of Two Harbors common stock granted to the Chief Accounting Officer were issued at a price of $0 per share as part of an equity incentive award.

How many Two Harbors (TWO) shares does Jillian Halm own after this Form 4 transaction?

Following the reported RSU grant, Jillian Halm beneficially owns 19,109 shares of Two Harbors Investment Corp. common stock.

How do the newly granted Two Harbors (TWO) RSUs vest for the Chief Accounting Officer?

The common stock underlying the 9,337 RSUs will vest in three equal installments on January 7, 2027, 2028 and 2029, subject to certain exceptions.

Under which plan were the Two Harbors (TWO) RSUs granted to Jillian Halm?

The RSUs were granted under the Two Harbors Investment Corp. 2021 Equity Incentive Plan as part of her compensation.

Was any cash paid for the Two Harbors (TWO) RSUs reported in this Form 4?

No cash was paid; the filing states the RSUs were received as a grant for no consideration.