Abate Christopher J sold RWT
April 16, 2024 · Form 4 insider transaction
Abate Christopher J sold 115,320 shares of Redwood Trust, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
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.; 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.; 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, 2024.; No expiration date is applicable to performance stock units.; Following these reported transactions, no other Performance Stock Units with the same original grant date are beneficially owned.