Redwood Trust (RWT) Director Debora Horvath Receives 15,058.77 DSUs

What Happened

• Debora Horvath, a director of Redwood Trust, was granted 15,058.77 Deferred Stock Units (DSUs) on 2026-09-30. The units were recorded at $0.00 per unit in the Form 4 because they represent deferred compensation (derivative award), not an open‑market purchase. The filing indicates the units are 100% vested at grant and have no expiration date.

Key Details

• Transaction date and type: 2026-09-30 — Grant/Award (derivative) of 15,058.77 DSUs at $0.00 (Form 4 code A).
• Vesting and term: 100% vested at grant (footnote F2); no expiration date (footnote F3).
• Plan: Award made under the Redwood Trust Amended and Restated Executive Deferred Compensation Plan and tied to a deferral election and/or dividend equivalent rights (footnote F1).
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Reported with period and filing date 2026-09-30 (no late‑filing indication).

Context

• DSUs are bookkeeping/derivative units that track the value of company stock for deferred compensation purposes; they typically convert to shares or cash per plan rules at a future payout date and are not the same as an immediate cash purchase or sale. Such director compensation grants are common and do not on their own indicate insider buying or selling sentiment.