other material
confidence high
sentiment neutral
materiality 0.55
Redwood Trust sets 2025 executive compensation; CEO equity grant $4.35M
REDWOOD TRUST INC
- CEO Abate receives $4.35M aggregate grant-date fair value in DSUs, csRSUs, and PSUs.
- 2025 base salaries: CEO $975k, President $890k, CFO $860k, EVP/CLO $525k, CHRO $525k.
- 2025 target bonus as % of salary: CEO 215%, President 210%, CFO 205%, EVP/CLO 175%, CHRO 175%.
- PSUs vest based on 3-year book value TSR (100% at 25% bvTSR) and relative TSR vs peers; capped at 100% if absolute TSR negative.
- DSUs and csRSUs vest over 4 years; accelerated vesting upon qualifying CIC termination, death/disability, or retirement.