Redwood Trust Management
Management criteria checks 3/4
Redwood Trust's CEO is Chris Abate, appointed in May 2018, has a tenure of 6.5 years. total yearly compensation is $7.02M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $2.81M. The average tenure of the management team and the board of directors is 5.8 years and 6.9 years respectively.
Key information
Chris Abate
Chief executive officer
US$7.0m
Total compensation
| CEO salary percentage | 12.8% |
| CEO tenure | 6.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.8yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$71m |
| Jun 30 2024 | n/a | n/a | US$25m |
| Mar 31 2024 | n/a | n/a | US$12m |
| Dec 31 2023 | US$7m | US$900k | -US$13m |
| Sep 30 2023 | n/a | n/a | -US$76m |
| Jun 30 2023 | n/a | n/a | -US$94m |
| Mar 31 2023 | n/a | n/a | -US$196m |
| Dec 31 2022 | US$5m | US$900k | -US$168m |
| Sep 30 2022 | n/a | n/a | -US$81m |
| Jun 30 2022 | n/a | n/a | US$57m |
| Mar 31 2022 | n/a | n/a | US$245m |
| Dec 31 2021 | US$14m | US$800k | US$309m |
| Sep 30 2021 | n/a | n/a | US$320m |
| Jun 30 2021 | n/a | n/a | US$372m |
| Mar 31 2021 | n/a | n/a | US$450m |
| Dec 31 2020 | US$6m | US$767k | -US$584m |
| Sep 30 2020 | n/a | n/a | -US$590m |
| Jun 30 2020 | n/a | n/a | -US$694m |
| Mar 31 2020 | n/a | n/a | -US$828m |
| Dec 31 2019 | US$7m | US$750k | US$164m |
| Sep 30 2019 | n/a | n/a | US$116m |
| Jun 30 2019 | n/a | n/a | US$122m |
| Mar 31 2019 | n/a | n/a | US$123m |
| Dec 31 2018 | US$5m | US$646k | US$116m |
| Sep 30 2018 | n/a | n/a | US$147m |
| Jun 30 2018 | n/a | n/a | US$142m |
| Mar 31 2018 | n/a | n/a | US$146m |
| Dec 31 2017 | US$4m | US$550k | US$137m |
Compensation vs Market: Chris's total compensation ($USD7.02M) is above average for companies of similar size in the US market ($USD3.20M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
CEO
Chris Abate (44 yo)
6.5yrs
Tenure
US$7,021,779
Compensation
Mr. Christopher J. Abate, also known as Chris, has been the Chief Executive Officer of Redwood Trust, Inc. since May 22, 2018 and its Director since December 04, 2017. Mr. Abate has been employed with Redw...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.5yrs | US$7.02m | 0.30% $ 2.8m | |
| President & Director | 6.9yrs | US$6.11m | 0.16% $ 1.5m | |
| Chief Financial Officer | 3.5yrs | US$9.10m | 0.043% $ 403.6k | |
| Executive VP | 15.9yrs | US$2.67m | 0.11% $ 1.1m | |
| Chief Human Resource Officer | 6.6yrs | US$2.47m | 0.038% $ 361.9k | |
| Chief Executive Officer of CoreVest | no data | US$8.44m | 0.046% $ 433.9k | |
| Chief Technology Officer | less than a year | no data | no data | |
| MD & Head of Investor Relations | no data | no data | no data | |
| President of Redwood Residential | no data | no data | no data | |
| Head of Business Development & Institutional Sales at Redwood Residential | no data | no data | no data | |
| Managing Director of Finance | no data | no data | no data | |
| Chief Investment Officer of RWT Horizons | 5.1yrs | no data | no data |
5.8yrs
Average Tenure
48.5yo
Average Age
Experienced Management: RWT.PRA's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.9yrs | US$7.02m | 0.30% $ 2.8m | |
| President & Director | 3.3yrs | US$6.11m | 0.16% $ 1.5m | |
| Independent Director | 30.8yrs | US$223.00k | 0.30% $ 2.8m | |
| Independent Chairman | 22.8yrs | US$360.00k | 0.082% $ 770.5k | |
| Independent Director | 18.7yrs | US$276.07k | no data | |
| Independent Director | 8.7yrs | US$260.00k | 0.056% $ 524.0k | |
| Independent Director | 3.7yrs | US$260.00k | 0.013% $ 119.5k | |
| Independent Director | 3.7yrs | US$240.00k | 0.013% $ 119.5k | |
| Independent Director | less than a year | US$88.27k | no data |
6.9yrs
Average Tenure
65yo
Average Age
Experienced Board: RWT.PRA's board of directors are considered experienced (6.9 years average tenure).