Debora Horvath D 4

What Happened

• Debora Horvath, a director of Redwood Trust, was granted 10,961.73 Deferred Stock Units (DSUs) on March 31, 2026. The units were recorded at $0.00 per unit (derivative award) and relate to deferred director compensation under the company's Executive Deferred Compensation Plan. The award is 100% vested at grant and the DSUs have no expiration.

Key Details

• Transaction date: 2026-03-31; transaction type: Award/Grant (derivative).
• Amount: 10,961.73 Deferred Stock Units; price reported: $0.00 (no cash paid).
• Vesting: 100% vested at grant (per filing footnote).
• Expiration: No expiration date applicable to these DSUs.
• Plan: Issued under the Redwood Trust Amended and Restated Executive Deferred Compensation Plan (footnote).
• Filing timeliness: Reported for period ending 2026-03-31 and filed 2026-03-31 (no late filing indicated in provided data).
• Shares owned after transaction: Not specified in the provided excerpt.

Context

• Deferred Stock Units are a form of deferred compensation giving the recipient the right to receive company shares or cash later; they are not immediate open-market purchases or sales and do not necessarily signal a buying or selling decision by the insider.
• Because the units are fully vested at grant, Horvath has the full entitlement to the deferred award subject to the plan’s payout terms.