secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0001104659-24-128502
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Redwood Trust sets 2025 executive compensation; CEO equity grant $4.35M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000110465924128502/0001104659-24-128502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000110465924128502/tm2430678d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-128502

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer