Two Harbors Investment Corp. DEF 14A Filing
Ticker: TWOD · Form: DEF 14A · Filed: Apr 3, 2024 · CIK: 1465740
| Field | Detail |
|---|---|
| Company | Two Harbors Investment Corp. (TWOD) |
| Form Type | DEF 14A |
| Filed Date | Apr 3, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1.95, $100 billion, $40 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Two Harbors Investment Corp., Executive Compensation, Equity Awards, SEC Filing
TL;DR
<b>Two Harbors Investment Corp. files DEF 14A with reporting period ending 2024-05-15.</b>
AI Summary
TWO HARBORS INVESTMENT CORP. (TWOD) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. Filing type: DEF 14A. Reporting period: 2024-05-15. Filed as of date: 2024-04-03. Company name: Two Harbors Investment Corp. IRS Number: 270312904.
Why It Matters
For investors and stakeholders tracking TWO HARBORS INVESTMENT CORP., this filing contains several important signals. This DEF 14A filing provides updated information on the company's corporate actions and executive compensation for the reporting period. Investors can use this filing to review details regarding equity awards, stock adjustments, and other compensation-related matters for key personnel.
Risk Assessment
Risk Level: low — TWO HARBORS INVESTMENT CORP. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard disclosure practices rather than immediate material events.
Analyst Insight
Review the executive compensation details and equity award grants within the filing to understand potential impacts on shareholder value and management incentives.
Key Numbers
- 2024-05-15 — Conformed Period of Report (DEF 14A)
- 2024-04-03 — Filed as of Date (DEF 14A)
- 2024-04-03 — Date as of Change (DEF 14A)
- 1231 — Fiscal Year End (Company Data)
Key Players & Entities
- TWO HARBORS INVESTMENT CORP. (company) — Filer name
- 270312904 (dollar_amount) — IRS Number
- MD (company) — State of Incorporation
- 1601 UTICA AVENUE SOUTH (company) — Business Address Street 1
- ST. LOUIS PARK (company) — Business Address City
- MN (company) — Business Address State
- 55416 (company) — Business Address Zip
- 612.453.4100 (company) — Business Phone
FAQ
When did TWO HARBORS INVESTMENT CORP. file this DEF 14A?
TWO HARBORS INVESTMENT CORP. filed this Proxy Statement (DEF 14A) with the SEC on April 3, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by TWO HARBORS INVESTMENT CORP. (TWOD).
Where can I read the original DEF 14A filing from TWO HARBORS INVESTMENT CORP.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by TWO HARBORS INVESTMENT CORP..
What are the key takeaways from TWO HARBORS INVESTMENT CORP.'s DEF 14A?
TWO HARBORS INVESTMENT CORP. filed this DEF 14A on April 3, 2024. Key takeaways: Filing type: DEF 14A. Reporting period: 2024-05-15. Filed as of date: 2024-04-03.
Is TWO HARBORS INVESTMENT CORP. a risky investment based on this filing?
Based on this DEF 14A, TWO HARBORS INVESTMENT CORP. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard disclosure practices rather than immediate material events.
What should investors do after reading TWO HARBORS INVESTMENT CORP.'s DEF 14A?
Review the executive compensation details and equity award grants within the filing to understand potential impacts on shareholder value and management incentives. The overall sentiment from this filing is neutral.
How does TWO HARBORS INVESTMENT CORP. compare to its industry peers?
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) in the real estate and construction sector.
Are there regulatory concerns for TWO HARBORS INVESTMENT CORP.?
The filing is a Definitive Proxy Statement (DEF 14A) under the Securities Exchange Act of 1934, used to solicit proxies from shareholders.
Industry Context
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) in the real estate and construction sector.
Regulatory Implications
The filing is a Definitive Proxy Statement (DEF 14A) under the Securities Exchange Act of 1934, used to solicit proxies from shareholders.
What Investors Should Do
- Analyze the executive compensation packages and stock award details for PEO and Non-PEO members.
- Examine any stock award adjustments or grants made during the 2023 fiscal year.
- Compare the equity awards granted in prior years (vested and unvested) to current year grants.
Year-Over-Year Comparison
This filing is a DEF 14A, which is a standard disclosure document. No specific comparative data from a previous filing is immediately apparent in the provided header information.
Filing Stats: 4,573 words · 18 min read · ~15 pages · Grade level 11.7 · Accepted 2024-04-03 16:14:54
Key Financial Figures
- $1.95 — holders through total dividends paid of $1.95 per common share, equivalent to an aver
- $100 billion — purchase liability risk related to over $100 billion of RMBS and whole loans issued and/or s
- $40 billion — in the SNB StabFund, including managing $40 billion of legacy RMBS, ABS, and CMBS. Prior to
Filing Documents
- two-20240402.htm (DEF 14A) — 1060KB
- two-20240402_g1.jpg (GRAPHIC) — 623KB
- two-20240402_g10.jpg (GRAPHIC) — 862KB
- two-20240402_g11.jpg (GRAPHIC) — 12KB
- two-20240402_g12.jpg (GRAPHIC) — 11KB
- two-20240402_g13.jpg (GRAPHIC) — 10KB
- two-20240402_g14.jpg (GRAPHIC) — 12KB
- two-20240402_g15.jpg (GRAPHIC) — 16KB
- two-20240402_g16.jpg (GRAPHIC) — 70KB
- two-20240402_g17.jpg (GRAPHIC) — 175KB
- two-20240402_g18.jpg (GRAPHIC) — 115KB
- two-20240402_g19.jpg (GRAPHIC) — 72KB
- two-20240402_g2.jpg (GRAPHIC) — 10KB
- two-20240402_g20.jpg (GRAPHIC) — 100KB
- two-20240402_g21.jpg (GRAPHIC) — 105KB
- two-20240402_g22.jpg (GRAPHIC) — 1270KB
- two-20240402_g23.jpg (GRAPHIC) — 1142KB
- two-20240402_g3.jpg (GRAPHIC) — 2KB
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- two-20240402_g6.jpg (GRAPHIC) — 4KB
- two-20240402_g7.jpg (GRAPHIC) — 11KB
- two-20240402_g8.jpg (GRAPHIC) — 9KB
- two-20240402_g9.jpg (GRAPHIC) — 1338KB
- 0001465740-24-000103.txt ( ) — 16100KB
- two-20240402.xsd (EX-101.SCH) — 4KB
- two-20240402_def.xml (EX-101.DEF) — 5KB
- two-20240402_lab.xml (EX-101.LAB) — 6KB
- two-20240402_pre.xml (EX-101.PRE) — 4KB
- two-20240402_htm.xml (XML) — 173KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 23 Compensation Discussion and Analysis 23 Compensation Committee Report 39 Compensation Risk Assessment 39 Summary Compensation Table 40 Grants of Plan-Based Awards for Fiscal Year 2023 42 Outstanding Equity Awards at Fiscal Year-End for 2023 43 Stock Vested in Fiscal Year 2023 44 Potential Payments Upon Termination or Change of Control 44 CEO Compensation Pay Ratio 50 Pay Versus Performance 51 Proposal 2: Advisory Vote Relat ing to Executive Compensation 56 AUDIT MATTERS 57 Proposal 3: Ratification of Appointment of Independent Registered Public Auditing Firm 57 Audit Committee Report 57 Use of Audit Committee Report 58 Auditor Fees 58 GENERAL INFORMATION ABOUT THE 2024 ANNUAL MEETING AND VOTING 59 EXECUTIVE SUMMARY OTHER MATTERS 66 PROXY STATEMENT: EXECUTIVE SUMMARY This executive summary highlights certain information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider. You are encouraged to read the entire Proxy Statement carefully before voting, including the section titled " General Information About the 2024 Annual Meeting and Voting " beginning on page 59 and information about Forward-Looking Statements on page 59 that are included in this Proxy Statement. Page references are provided to help you find further information in this Proxy Statement. 2024 ANNUAL MEETING OF STOCKHOLDERS Date and Time: Wednesday, May 15, 2024 | 10:00 a.m. Eastern Time Website: www.virtualshareholdermeeting.com/TWO2024 Voting Eligibility: Common stockholders as of the record date of March 20, 2024 VOTING MATTERS Proposal (Page Number) Board Recommendation 1. Election of nine directors (p. 4 ) FOR all nominees 2. Advisory vote relating to executive compensation (p. 56 ) FOR 3. Ratification of Ernst & Young LLP as our independent registered public accounting firm (p. 57 ) FOR CASTING YOUR VOTE PRIOR TO THE ANNUAL ME