Every Form 4 that Two Harbors Investment Corp. (TWO) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow TWO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TWO filings page.
TWO HARBORS INVESTMENT CORP. (TWO) reported insider equity transactions by Chief Executive Officer William Ross Greenberg in connection with the closing of a merger with CrossCountry Intermediate Holdco, LLC. Greenberg was deemed to receive 667,827 shares of common stock upon vesting of performance share units under the 2021 Equity Incentive Plan.
At the effective time of the merger, each share of TWO common stock was automatically cancelled and converted into the right to receive $12.00 in cash. In this context, 1,213,933 directly held shares, including restricted stock units and restricted stock awards, and 3,025 shares held by his spouse were reported as dispositions to the issuer at $12.00 per share, with the spouse-held position reduced to zero shares.
TWO HARBORS INVESTMENT CORP. (TWO) reported insider equity changes for Chief Administrative Officer Alecia Hanson tied to the closing of the merger with CrossCountry Intermediate Holdco, LLC. Hanson was deemed to receive 65,204 shares of common stock upon vesting of previously granted performance share units under the 2021 Equity Incentive Plan. At the merger Effective Time, a total of 143,171 shares of TWO common stock held for her benefit, including restricted stock units, were automatically cancelled and converted into the right to receive $12.00 in cash per share under the CCM Merger Agreement.
TWO HARBORS INVESTMENT CORP. (TWO) reported insider equity changes for Chief Legal Officer Rebecca B. Sandberg in connection with the closing of the CCM merger. Sandberg was deemed to receive 168,271 shares of common stock upon vesting of previously granted performance share units under the 2021 Equity Incentive Plan. At the merger effective time, 406,688 shares of TWO common stock held by her, including restricted stock units, were automatically cancelled and converted into the right to receive $12.00 in cash per share under the Agreement and Plan of Merger with CrossCountry Intermediate Holdco, LLC.
TWO HARBORS INVESTMENT CORP. (TWO) reported Form 4 transactions for Chief Risk Officer Robert Rush tied to the closing of the CCM Merger. Rush was deemed to receive 99,912 shares of common stock upon vesting of performance share units under the 2021 Equity Incentive Plan. At the merger’s effective time, 242,470 shares of TWO common stock were automatically cancelled and converted into the right to receive $12.00 in cash per share under the CCM Merger Agreement, with outstanding RSUs and PSUs similarly converted into cash rights based on the merger consideration.
TWO HARBORS INVESTMENT CORP. (TWO) reported that Chief Investment Officer Nicholas Letica had equity awards settle and shares cancelled in connection with the closing of the CCM Merger. On August 25, 2026, he was deemed to receive 297,105 shares of common stock upon vesting of performance share units granted under the 2021 Equity Incentive Plan. At the merger effective time, each outstanding share of TWO common stock, including these and restricted stock units, was automatically cancelled and converted into the right to receive $12.00 in cash per share under the CCM Merger Agreement, resulting in a disposition to the issuer of 615,339 shares.
For TWO HARBORS INVESTMENT CORP. (TWO), executive officer Nathan Boucher reported two equity transactions in common stock on 2026-08-25. He received 20,893 shares from the vesting of performance share units granted under the 2021 Equity Incentive Plan. On the same date, 48,142 shares of common stock were cancelled in a disposition to the issuer in connection with the merger of Two Harbors into an affiliate of CrossCountry Intermediate Holdco, LLC, with each cancelled share converted into the right to receive $12.00 in cash under the CCM Merger Agreement.
TWO HARBORS INVESTMENT CORP. (TWO) reported insider equity activity by James D. Campbell, EVP Servicing Ops RoundPoint. Campbell was deemed to receive 18,993 shares of common stock upon vesting of performance share units granted under the 2021 Equity Incentive Plan. In connection with the closing of the CCM Merger, 56,049 shares of TWO common stock held by Campbell were automatically cancelled and converted into the right to receive $12.00 in cash per share, including shares underlying restricted stock units and performance share units, pursuant to the CCM Merger Agreement.
Two Harbors Investment Corp. (TWO) reports that Chief Financial Officer William Dellal disposed of 83,388 shares of common stock in a transaction coded as a disposition to issuer in connection with the closing of a merger. Under the CCM Merger Agreement, each share of TWO common stock outstanding at the merger’s Effective Time was automatically cancelled and converted into the right to receive $12.00 in cash, and all TWO restricted stock units were similarly cancelled for the same cash consideration per underlying share. Following this transaction, Dellal reported 0 shares of TWO common stock held directly.
TWO HARBORS INVESTMENT CORP. (TWO) reported that Chief Accounting Officer Jillian Halm disposed of 18,833 shares of common stock in a disposition to the issuer on 2026-08-25 at $12.00 per share. The transaction occurred in connection with the CCM Merger, in which each share of TWO common stock was cancelled and converted into the right to receive $12.00 in cash, and each restricted stock unit was similarly cancelled for the same cash consideration. Following this transaction, Halm reported 0 shares of directly held common stock.
TWO HARBORS INVESTMENT CORP. (TWO) director Hope B. Woodhouse reported a disposition of common stock in connection with the completion of the CCM Merger. On 2026-08-25, 56,444 shares of TWO common stock held directly were disposed of to the issuer at $12.00 per share, and her reported direct holdings became 0 shares. The transaction reflects that, at the Effective Time of the merger with CrossCountry Intermediate Holdco, LLC and its subsidiary, each outstanding TWO share was automatically cancelled and converted into the right to receive $12.00 in cash.
TWO HARBORS INVESTMENT CORP. (TWO) reported that director James A. Stern disposed of 64,843 shares of common stock in a transaction coded as a disposition to the issuer. The shares were cancelled at the effective time of a merger in which Two Harbors became a wholly owned subsidiary of CrossCountry Intermediate Holdco, LLC, and each cancelled share was converted into the right to receive $12.00 in cash. Following this merger-related cash-out, Stern reported holding 0 shares of Two Harbors common stock, and the transaction was not reported as made under a Rule 10b5-1 trading plan.
TWO HARBORS INVESTMENT CORP. (TWO) reported that director Stephen G. Kasnet disposed of all of his common stock in connection with the closing of a merger. On August 25, 2026, 95,993 shares of common stock were cancelled and converted into the right to receive $12.00 in cash per share pursuant to an Agreement and Plan of Merger under which Two Harbors became a wholly owned subsidiary of CrossCountry Intermediate Holdco, LLC. Following this transaction, Kasnet holds 0 shares of common stock and continues to hold 10,000 shares of Series A Preferred Stock as a direct holding.
TWO HARBORS INVESTMENT CORP. (TWO) director Karen Hammond reported a disposition of common stock in connection with the closing of the merger of Two Harbors with CrossCountry Merger Corp., a subsidiary of CrossCountry Intermediate Holdco, LLC. At the merger’s effective time, her 59,097 shares of common stock were automatically cancelled and converted into the right to receive $12.00 in cash per share, reducing her reported direct holdings of Two Harbors common stock to 0 shares.
TWO HARBORS INVESTMENT CORP. (TWO) reported that director Sanjiv Das disposed of his common stock in connection with a merger transaction. At the effective time of the CCM Merger, each outstanding share of TWO common stock was automatically cancelled and converted into the right to receive $12.00 in cash. This included 20,410 shares held by Mr. Das, reported as a disposition to the issuer at $12.00 per share, leaving him with 0 shares of TWO common stock following the transaction.
TWO HARBORS INVESTMENT CORP. (TWO) director James J. Bender reported a disposition of common stock in connection with the completion of a merger. On 2026-08-25, 47,166 shares of common stock were cancelled and converted into the right to receive $12.00 in cash per share when Two Harbors became a wholly owned subsidiary of CrossCountry Intermediate Holdco, LLC. Following this transaction, Bender reported holding no shares of Two Harbors common stock.
TWO HARBORS INVESTMENT CORP. (TWO) director Spencer Abraham reported the disposition of 35,039 shares of common stock on 2026-08-25. The shares were transferred to the issuer at $12.00 per share when, under a merger agreement with CrossCountry Intermediate Holdco, LLC, each outstanding TWO share was cancelled and converted into the right to receive cash, leaving Abraham with 0 shares directly held.
Two Harbors Investment Corp. director Stephen G. Kasnet reported an open-market sale of 7,034 shares of common stock at $12.57 per share. According to the footnote, the sale was made to cover income tax liabilities triggered by the vesting of restricted stock units and was executed under a pre-arranged Rule 10b5-1 trading plan. After this transaction, he directly holds 95,993 shares of common stock and 10,000 shares of Series A Preferred Stock.
Two Harbors Investment Corp. director Spencer Abraham sold 4,522 common shares in an open-market transaction. The sale on May 15, 2026 was at an average price of $12.575 per share. After the sale, he directly owned 35,039 shares.
According to the disclosure, the sale was made to cover income tax liabilities from the vesting of previously granted restricted stock units. The transaction was effected under trading instructions given on August 10, 2022 pursuant to a pre-arranged Rule 10b5-1 trading plan.
Two Harbors Investment Corp.'s Chief Accounting Officer, Jillian Halm, reported a small insider sale of company stock. On January 15, 2026, she sold 379 shares of common stock at a price of $13.18 per share.
According to the filing, these shares were sold to cover shares incurred from the vesting of previously granted restricted stock units and were executed under a pre-established Rule 10b5-1 trading plan dated February 17, 2021. After this transaction, Halm directly holds 18,833 shares of Two Harbors common stock.
Two Harbors Investment Corp.'s Chief Accounting Officer, Jillian Halm, reported a stock award vesting and a related share sale. On January 12, 2026, she acquired 1,847 shares of common stock at $0 per share, representing shares received upon vesting of previously granted performance share units under the company plan. On the same date, she sold 1,744 shares at a weighted average price of $12.25 per share, with individual sale prices ranging from $12.23 to $12.30, to cover income tax liabilities from the vesting of restricted and performance share units.
The sale was executed under pre-set trading instructions established on February 17, 2021 in accordance with Rule 10b5-1. After these transactions, she directly owned 19,212 shares of Two Harbors common stock.
Two Harbors Investment Corp. executive reports small stock sale under 10b5-1 plan. EVP Servicing Ops RoundPoint James D. Campbell reported selling 1,692 shares of Two Harbors common stock on 01/12/2026 at $12.39 per share. According to the disclosure, the shares were sold to cover income tax liabilities triggered by the vesting of previously granted restricted stock units, rather than as a discretionary sale. After this transaction, Campbell directly beneficially owns 37,056 shares of the company’s common stock. The filing notes that the sale was effected under trading instructions given on January 29, 2025 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
Two Harbors Investment Corp. executive reports small share sales to cover taxes. EVP and General Counsel RoundPoint Nathan Boucher reported selling 601 shares of Two Harbors common stock on January 9, 2026 at $12.37 per share and 666 shares on January 12, 2026 at $12.25 per share. These transactions were made to satisfy income tax liabilities arising from the vesting of previously granted restricted stock units and were carried out under pre-established trading instructions pursuant to Rule 10b5-1. Following these sales, Boucher directly beneficially owns 27,249 shares of Two Harbors common stock.
Two Harbors Investment Corp. reported an equity grant to its Chief Legal Officer, Rebecca B. Sandberg. On January 7, 2026, she received 81,699 shares of common stock in the form of restricted stock units under the company’s 2021 Equity Incentive Plan, at a grant price of $0 per share as compensation rather than a cash purchase. Following this grant, she beneficially owns 238,417 shares of common stock.
The RSUs will convert into common shares in three equal installments that are scheduled to vest on January 7, 2027, 2028 and 2029, subject to certain exceptions. This filing reflects a routine equity award to a senior executive and not an open-market stock sale or purchase.
Two Harbors Investment Corp. reported an equity award to its Chief Risk Officer, Robert Rush. He received 44,351 restricted stock units (RSUs) of common stock, par value $0.01 per share, as a grant for no cash consideration under the company’s 2021 Equity Incentive Plan.
The common shares underlying these RSUs will vest in three equal installments on January 7, 2027, 2028 and 2029, subject to certain exceptions. Following this grant, Rush beneficially owns 142,558 shares of the company’s common stock in direct ownership.
Two Harbors Investment Corp. reported an equity compensation grant to its Chief Investment Officer, Nicholas Letica. On January 7, 2026, he was awarded 151,727 shares of common stock in the form of restricted stock units under the company’s 2021 Equity Incentive Plan, received as a grant for no cash consideration. The RSUs are scheduled to vest in three equal installments on January 7, 2027, 2028 and 2029, if the applicable conditions are met. Following this award, Letica beneficially owns 318,234 shares of Two Harbors common stock directly.
Two Harbors Investment Corp. Chief Administrative Officer Alecia Hanson received a grant of 32,679 shares of common stock in the form of restricted stock units under the company’s 2021 Equity Incentive Plan. The grant was awarded for no cash consideration and increased her beneficial ownership to 77,967 shares held directly.
The RSUs are scheduled to vest in three equal installments on January 7, 2027, January 7, 2028 and January 7, 2029, subject to certain exceptions. This structure ties a portion of the executive’s compensation to the company’s long-term performance and ongoing service over the multi-year vesting period.
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.
Two Harbors Investment Corp.'s Chief Financial Officer, William Dellal, reported an equity award of common stock on a Form 4. On January 7, 2026, he was granted 46,685 restricted stock units (RSUs) of Two Harbors common stock at a price of $0 per share, reflecting a stock-based compensation grant rather than an open-market purchase.
The RSUs were granted under the Two Harbors Investment Corp. 2021 Equity Incentive Plan and will vest, subject to certain exceptions, in three equal installments on January 7, 2027, 2028 and 2029. Following this grant, Dellal is reported to beneficially own 83,388 shares of Two Harbors common stock in direct ownership form.
Two Harbors Investment Corp. executive James D. Campbell received an equity grant of 24,089 restricted stock units (RSUs). The RSUs were awarded for no cash consideration under the Two Harbors Investment Corp. 2021 Equity Incentive Plan and relate to the company’s common stock.
The underlying common shares will vest in three equal annual installments on January 7, 2027, 2028, and 2029, subject to certain exceptions. Following this grant, Campbell beneficially owns 38,748 shares of common stock in total on a direct basis.
Two Harbors Investment Corp. reported an equity grant to a senior executive. EVP and General Counsel RoundPoint, Nathan Boucher, received 14,705 shares of common stock on January 7, 2026, recorded at a price of $0 per share because they are restricted stock units granted as compensation rather than a market purchase. After this grant, Boucher beneficially owned 28,516 shares of Two Harbors common stock.
According to the footnote, these shares represent restricted stock units granted under the company’s 2021 Equity Incentive Plan. The common stock underlying the RSUs is scheduled to vest in three equal installments on January 7, 2027, January 7, 2028, and January 7, 2029, subject to specified conditions. This filing reflects ongoing equity-based compensation for a key officer rather than an open-market trade.
Two Harbors Investment Corp. CEO William Greenberg, who also serves as a director, reported a tax-related share transaction. On 12/30/2025, he surrendered 154,593 shares of common stock to cover taxes tied to an Internal Revenue Code Section 83(b) election on a restricted stock grant dated December 18, 2025. The price used for this tax withholding was $11.32, equal to the closing price on the grant date.
After this transaction, Greenberg beneficially owns 546,106 shares of Two Harbors common stock directly. In addition, 3,025 shares are held by his spouse; he has a pecuniary interest in those but disclaims beneficial ownership because he does not have voting or dispositive power over them.
Two Harbors Investment Corp.'s Chief Financial Officer sold company stock in a routine insider transaction. On 12/22/2025, the reporting person sold 7,087 shares of common stock at a weighted average price of $11.4434 per share.
The filing explains that the sale was made to cover income tax liabilities arising from the vesting of previously granted restricted stock units, and it was carried out under a pre-arranged Rule 10b5-1 trading plan established on May 22, 2025. After this transaction, the officer directly beneficially owns 36,703 shares of Two Harbors Investment Corp. common stock.
Two Harbors Investment Corp. reported equity transactions by its Chief Legal Officer, who is an officer of the company. On 12/17/2025, the officer received 37,285 shares of common stock in connection with the vesting of performance share units under the Two Harbors Investment Corp. 2021 Equity Incentive Plan, at a stated price of $0 per share. On 12/19/2025, the officer sold 27,370 shares of common stock at a weighted average price of $11.4281 per share to satisfy income tax liabilities resulting from the accelerated vesting of restricted stock units and performance share units, in a transaction effected pursuant to trading instructions given on February 6, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Following these transactions, the officer directly owned 156,718 shares of Two Harbors common stock.
Two Harbors Investment Corp. insider activity: the company’s Chief Risk Officer reported stock-based compensation and a related share sale. On 12/17/2025, the officer acquired 34,714 shares of common stock at a price of $0, received upon vesting of performance share units under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. On 12/19/2025, the officer sold 23,594 shares of common stock at a weighted average price of $11.425 per share in multiple trades.
The filing states that the sale was made to cover income tax liabilities arising from the accelerated vesting of restricted stock units and performance share units and was carried out under trading instructions given on February 25, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. After these transactions, the officer directly owned 98,207 shares of Two Harbors Investment Corp. common stock.
Two Harbors Investment Corp.'s Chief Investment Officer reported equity award vesting and a related share sale. On 12/17/2025, the reporting person acquired 61,714 shares of common stock at $0 in connection with the vesting of performance share units under the 2021 Equity Incentive Plan, increasing direct holdings. On 12/19/2025, they sold 55,488 shares at a weighted average price of $11.4209 per share to satisfy income tax liabilities from the accelerated vesting of restricted stock units and performance share units. After these transactions, the reporting person directly owned 166,507 shares of common stock. The sale was effected under trading instructions given on August 18, 2022 in accordance with Rule 10b5-1.
Two Harbors Investment Corp. insider equity transactions were reported by the company’s Chief Administrative Officer. On December 17, 2025, the officer acquired 12,342 shares of common stock at $0 per share, received upon vesting of performance share units granted under the Two Harbors Investment Corp. 2021 Equity Incentive Plan. On December 19, 2025, the officer sold 10,768 shares of common stock at a weighted average price of $11.4147 per share to cover income tax liabilities from the accelerated vesting of restricted stock units and performance share units. After these transactions, the officer directly owned 45,288 shares of Two Harbors common stock. The sale was executed under trading instructions established on November 13, 2022 in accordance with Rule 10b5-1.
Two Harbors Investment Corp. Chief Executive Officer and Director William Greenberg reported equity award activity and a tax-related share sale. On December 17, 2025, he acquired 103,948 shares of common stock through vesting of performance share units under the 2021 Equity Incentive Plan. On December 18, 2025, he received a restricted stock award of 309,187 shares for no cash consideration, which will vest in three equal annual installments on the first, second and third anniversaries of the grant date. On December 19, 2025, he sold 103,893 shares at $11.42 per share to cover income tax liabilities from accelerated vesting, under trading instructions established on January 26, 2023 pursuant to Rule 10b5-1. After these transactions, he directly beneficially owns 700,699 shares, plus 3,025 shares held by his spouse.