Carillo Brooke 4
4 · REDWOOD TRUST INC · Filed Apr 15, 2026
Research Summary
AI-generated summary of this filing
Redwood Trust (RWT) CFO Brooke Carillo Receives 19,274 Shares
What Happened Brooke Carillo, Chief Financial Officer of Redwood Trust, converted Performance Stock Units (PSUs) into 19,274 shares of common stock on April 14, 2026. The conversion was recorded at $5.97 per share for a total reported value of $115,066. As part of the distribution, 22,579 shares were withheld to satisfy income tax withholding requirements.
Key Details
- Transaction date: April 14, 2026; Form filed April 15, 2026 (filed the next day).
- Conversion/Exercise (code M): 19,274 shares acquired at $5.97/share = $115,066 total.
- Tax withholding (code F): 22,579 shares withheld/ disposed to cover taxes; reported at $0 proceeds.
- Footnotes: These shares resulted from conversion/distribution of PSUs under the Executive Deferred Compensation Plan (F1–F4). PSUs had a mandatory holding/conversion window within 45 days following April 1, 2026 (F5). No other PSUs with the same original grant date are beneficially owned after these transactions (F7).
- Shares owned after transaction: The filing does not list total common shares held; it does state no remaining PSUs from the same grant date.
Context
- These were not open-market purchases or sales but the scheduled conversion/distribution of previously granted performance units. The withholding of shares to cover taxes is a routine compensation-related disposition, not a market sale for cash.
- Transaction codes: M = exercise/conversion of a derivative (PSU conversion); F = withholding of securities for tax liability.
Insider Transaction Report
Form 4
Carillo Brooke
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-04-14$5.97/sh+19,274$115,066→ 114,416 total - Tax Payment
Performance Stock Units
[F3][F4][F5][F6]2026-04-14−22,579→ 19,274 totalExercise: $9.09→ Common Stock (22,579 underlying) - Exercise/Conversion
Performance Stock Units
[F3][F1][F5][F6][F7]2026-04-14−19,274→ 0 totalExercise: $9.09→ Common Stock (19,274 underlying)
Footnotes (7)
- [F1]This transaction relates to the distribution and/or conversion of Performance Stock Units to common stock under the Executive Deferred Compensation Plan.
- [F2]Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Performance Stock Units to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date.
- [F3]Represents fair value per stock unit of Performance Stock Units based on the original grant date fair value determined at such time in accordance with FASB Accounting Standards Codification Topic 718.
- [F4]This disposition transaction represents a Compensation Committee approved withholding of securities incident to the payment of income tax liability relating to the distribution and/or conversion of Performance Stock Units under the Executive Deferred Compensation Plan.
- [F5]Performance Stock Units were subject to a mandatory holding period and conversion and/or distribution to the Reporting Person within 45 days following April 1, 2026.
- [F6]No expiration date is applicable to performance stock units.
- [F7]Following these reported transactions, no other Performance Stock Units with the same original grant date are beneficially owned.
Signature
Attorney-In-Fact:/Andrew P. Stone|2026-04-15