Robert Rush - 07 Jan 2025 Form 4 Insider Report for TWO HARBORS INVESTMENT CORP. (TWO)

Reporting relationship: Chief Risk Officer
Issuer ticker: TWO
Reported as of: 07 Jan 2025
Net transaction value: -$77,741
SEC form: 4
Accepted by SEC: 10 Jan 2025, 16:24:07 UTC
Prior SEC filing: 29 Feb 2024
Next SEC filing: 15 Jan 2025
Source filing: View source filing
Reporting owner signature: /s/ Robert Rush

Key filing fact

Robert Rush filed Form 4 for TWO HARBORS INVESTMENT CORP. (TWO) on 10 Jan 2025.

Key facts

This page summarizes Robert Rush's Form 4 filing for TWO HARBORS INVESTMENT CORP. (TWO).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 10 Jan 2025, 16:24.

Change

Previous filing in this sequence was filed on 29 Feb 2024.
Current net transaction value: -$77,741.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TWO transaction

Common stock, par value $0.01 per share

Award

Transaction value: $0
Shares: +20,760
Change %: +30%
Price: $0.000000
Shares after: 89,936
Date: 07 Jan 2025
Ownership: Direct
Footnotes: F1

TWO transaction

Common stock, par value $0.01 per share

Award

Transaction value: $0
Shares: +9,358
Change %: +10%
Price: $0.000000
Shares after: 99,294
Date: 07 Jan 2025
Ownership: Direct
Footnotes: F2

TWO transaction

Common stock, par value $0.01 per share

Sale

Transaction value: $52,498
Shares: -4,679
Change %: -4.7%
Price: $11.22
Shares after: 94,615
Date: 08 Jan 2025
Ownership: Direct
Footnotes: F3

TWO transaction

Common stock, par value $0.01 per share

Sale

Transaction value: $25,243
Shares: -2,268
Change %: -2.4%
Price: $11.13
Shares after: 92,347
Date: 10 Jan 2025
Ownership: Direct
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 footnotes

Footnote F1

Represents restricted stock units ("RSUs") granted to the reporting person under the Two Harbors Investment Corp. 2021 Equity Incentive Plan ("The Plan"). The RSUs were received as a grant for no consideration. The common stock underlying the RSUs will vest, subject to certain limitations, in equal installments on January 7, 2026, 2027 and 2028.

Footnote F2

Represents shares of common stock received by the reporting person in connection with the vesting of performance share units ("PSUs") previously granted to the reporting person under the Plan.

Footnote F3

The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of the PSUs previously granted to the reporting person. The sale reported on this Form 4 was effected pursuant to trading instructions given by the reporting person on February 25, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

Footnote F4

The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting of RSUs previously granted to the reporting person. The sale reported on this Form 4 was effected pursuant to trading instructions given by the reporting person on February 25, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.