0001716998-18-000002.txt : 20180524
0001716998-18-000002.hdr.sgml : 20180524
20180524171247
ACCESSION NUMBER: 0001716998-18-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180522
FILED AS OF DATE: 20180524
DATE AS OF CHANGE: 20180524
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Robinson Dashiell I
CENTRAL INDEX KEY: 0001716998
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13759
FILM NUMBER: 18858735
MAIL ADDRESS:
STREET 1: 1 BELVEDERE PLACE
STREET 2: SUITE 300
CITY: MILL VALLEY
STATE: CA
ZIP: 94941
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: REDWOOD TRUST INC
CENTRAL INDEX KEY: 0000930236
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 680329422
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE BELVEDERE PLACE
STREET 2: SUITE 300
CITY: MILL VALLEY
STATE: CA
ZIP: 94941
BUSINESS PHONE: (415) 380-2317
MAIL ADDRESS:
STREET 1: ONE BELVEDERE PLACE
STREET 2: SUITE 300
CITY: MILL VALLEY
STATE: CA
ZIP: 94941
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2018-05-22
0
0000930236
REDWOOD TRUST INC
RWT
0001716998
Robinson Dashiell I
1 BELVEDERE PLACE
SUITE 300
MILL VALLEY
CA
94941
0
1
0
0
President
Deferred Stock Units
16.62
2018-05-22
4
A
0
6017
0.0
A
Common Stock
6017
6017
D
Performance Stock Units
15.2
2018-05-22
4
A
0
6578
0.0
A
Common Stock
6578
6578
D
Represents fair market value RWT common stock on transaction date under the 2014 Incentive Award Plan.
This transaction relates to the grant of performance stock units or deferred stock units approved by the Compensation Committee of the Board of Directors to Mr. Robinson in connection with his promotion to the role of President, effective on May 22, 2018.
25% vests 7/1/2019, 6.25% every quarter thereafter. Fully vested 5/21/2022.
No expiration date is applicable to deferred stock units.
This transaction relates to the grant of Performance Stock Units ("PSUs"), which are performance-based equity awards. The number of underlying shares of common stock of Redwood Trust, Inc. ("Common Stock") that vest and that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of a target number of PSUs granted, contingent on the achievement of a pre-established performance metric (with the target number of PSUs granted being adjusted to reflect the value of any dividends on Common Stock declared during the vesting period). Vesting of these PSUs will generally occur at the end of three years (on May 21, 2021) based on three-year total stockholder return. Please refer to Item 5.02(e) of the Current Report on Form 8-K filed on May 23, 2018 by Redwood Trust, Inc. for a description of the terms of these PSUs, which Item 5.02(e) qualifies, in its entirety, the description set forth in this footnote (5) and footnote (6) below.
Represents grant date fair value of the PSUs issued.
Represents the target number of PSUs granted.
Vested shares, if any, will be delivered to the Participant no later than August 31, 2021.
No expiration date is applicable to performance stock units.
Attorney-In-Fact: /s/ Andrew P. Stone
2018-05-24