Barry S. Sternlicht - Mar 6, 2025 Form 4 Insider Report for STARWOOD PROPERTY TRUST, INC. (STWD)

Role: CEO, Chairman of the Board, Director
Signature: /s/ Barry S. Sternlicht
Stock symbol: STWD
Transactions as of: Mar 6, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/10/2025, 05:01 PM
Previous filing: Mar 3, 2025
Next filing: Mar 18, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	STWD	Common Stock						2.63M	Mar 6, 2025	By controlled entities	F1, F2
holding	STWD	Common Stock						14M	Mar 6, 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	STWD	Restricted Stock Units	Award	$0	+1.35M	+108.72%	$0.00	2.59M	Mar 6, 2025	Common Stock	1.35M		By controlled entities	F2, F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the transfer of 210,553 shares of the issuer's common stock that were previously held by SPT Management, LLC, the issuer's external manager (the "Manager"), which were reported as indirectly beneficially owned by Mr. Sternlicht, on March 3, 2025 such that they are now directly beneficially owned by Mr. Sternlicht.
F2	Represents shares of the issuer's common stock held by entities directly or indirectly controlled by Mr. Sternlicht, including the Manager, SFIP, LLC and JAWS Capital, LP.
F3	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F4	On March 6, 2025, the issuer granted to the Manager an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan consisting of 1,350,000 restricted stock units (the "2025 RSUs"). The 2025 RSUs will vest ratably in quarterly installments through December 31, 2027, in each case subject to the Manager's continued service as the issuer's external manager. As such restricted stock units vest, the awards will be settled in shares of the issuer's common stock promptly, but in no event later than 30 days, following the applicable quarterly vesting dates.
F5	Represents the 1,500,000 restricted stock units originally granted to the Manager on November 23, 2022 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2022 RSUs"), the 1,300,000 restricted stock units originally granted to the Manager on March 4, 2024 as an award under the Starwood Property Trust, Inc. 2022 Manager Equity Plan (the "2024 RSUs") and the 1,350,000 2025 RSUs granted to the Manager, less those 2022 RSUs and 2024 RSUs that have already vested and been converted into shares of the issuer's common stock.