Thomas E. Siering has a background in finance and holds a Bachelor's degree from the University of Minnesota. He served as the CEO of Two Harbors Investment Corporation from January 2013 until June 2020, a time when he significantly shaped...

Thomas E. Siering has a background in finance and holds a Bachelor's degree from the University of Minnesota. He served as the CEO of Two Harbors Investment Corporation from January 2013 until June 2020, a time when he significantly shaped the company's growth strategy. Interestingly, in his final year as CEO in 2020, he did not receive a salary or bonus, which aligns with his commitment to a pay-for-performance philosophy, emphasizing that he was not about just cash incentives. He was also the CEO of Granite Point Mortgage Trust from May 2017 to June 2020, showing his extensive experience in the mortgage industry. Before deciding not to stand for re-election in April 2020, he made an impact on the board by ensuring financial performance was always the focus. Notably, Siering had amassed over 1 million shares of Two Harbors, reflecting his deep financial commitment to the company. This kind of alignment between ownership and roles is something that all CEOs could learn from.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Two Harbors Investment Corporation CEOs

T

Thomas E. Siering

Ex-CEO of Two Harbors Investment Corporation

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

CEO of Two Harbors Investment Corporation for

10 years 0 months (Jun 2010 - Jun 2020)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Thomas E. Siering

C

Phillip J. Kardis II

CEO of Chimera Investment Corp.

2023 Compensation

Stock

$1.68M

Salary

$850.00K

Bonus

$0.00

Other

$19.80K

Total Holdings

$6.46M

R

Michael Nierenberg

CEO of Rithm Capital

2023 Compensation

Stock

$1.79M

Salary

$1.25M

Bonus

$10.00M

Other

$160.04K

Total Holdings

$27.00M

O

G. Hunter Haas IV

CEO of Orchid Island Capital

2023 Compensation

Stock

$102.50K

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$791.61K

A

David L. Finkelstein

CEO of Annaly Capital Management

2023 Compensation

Stock

$2.59M

Salary

$1.00M

Bonus

$7.33M

Other

$15.20K

Total Holdings

$14.85M

Holdings

See how much did Thomas E. Siering make over time.

Thomas E. Siering has been heavily invested in companies he led. As of March 2020, he owned 1,113,342 shares of Two Harbors Investment Corporation, reflecting a significant personal stake in the company's success. His holdings peaked as he transitioned away...

Thomas E. Siering has been heavily invested in companies he led. As of March 2020, he owned 1,113,342 shares of Two Harbors Investment Corporation, reflecting a significant personal stake in the company's success. His holdings peaked as he transitioned away from running operations, signifying a strategic focus on aligning his interests with those of shareholders. Although his wealth fluctuated over his tenure, the substantial number of shares indicates a deep-rooted confidence in the firm's long-term viability. His shares were worth millions at their peak, showing how closely linked his financial future was with the company's performance. After stepping down, his influence as a major shareholder still resonates, but he has since shifted focus from day-to-day management to other interests in the finance field.

Mar 18, 2025

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shares

TWO @ $13.81

Total Stock Sold

$12.73M

TWO

$12.73M

98,094 TWO shares

What if they kept their stock?

If Thomas E. Siering didn't sell their stock, today they would have:
Extra TWO98,094 shares worth $1.75M.
This is -86.26% and $10.98M less than what they got when they sold the stock.

Charitable Transactions

TWO

11,750 shares

TWO

Recent Charitable Transactions

TWO

47,000 shares

TWO

May 21, 2015

Charity

Insider Trading

See recent insider trades of Thomas E. Siering.

TWO

$378.80K

TWO at $7.23/share

May 18, 2021

Sale

TWO

$2.11M

TWO at $7.03/share

May 13, 2021

Sale

TWO

$57.68K

TWO at $14.42/share

Nov 12, 2019

Purchase

TWO

$65.55K

TWO at $13.11/share

Aug 14, 2019

Purchase

TWO

$48.29K

TWO at $13.80/share

Feb 20, 2019

Purchase

TWO

$300.00K

TWO at $14.40/share

Jan 28, 2019

Received

TWO

$50.42K

TWO at $14.41/share

Nov 12, 2018

Purchase

TWO

$77.04K

TWO at $15.41/share

Aug 15, 2018

Purchase

TWO

$44.55K

TWO at $14.85/share

Feb 12, 2018

Purchase

TWO

$3.30M

TWO at $15.12/share

Jan 29, 2018

Received

Compensation History

See how much did Thomas E. Siering make over time.

In 2020, Thomas E. Siering saw a total compensation of $89,173, notably without any salary or bonus, which was a shift from his earlier years where his compensation was significantly higher. In 2019, just a year before, his total compensation reached $740,612, primarily consisting of salary and performance-based bonuses. His pay structure was heavily influenced by performance metrics, something he believed in firmly as the guiding principle for corporate management. The transition to a pay-for-performance model marked a change after the internalization strategy at Two Harbors. He was focused on doing what's best for shareholders rather than chasing numbers just for the sake of performance pay, showcasing a more sustainable approach to executive compensation that emphasizes long-term value.

Year

2020

Total Compensation

$89.17K

Salary

$0.00

Board Justification

The compensation philosophy emphasizes a pay-for-performance approach, aligning the interests of executives with those of stockholders, particularly following the transition to an internally managed company.

Bonus

$0.00

Board Justification

Mr. Siering did not receive an annual incentive award from the company. He ceased to be our Chief Executive Officer on June 24, 2020 and did not become a company employee upon internalization.

Other

$89.17K

Board Justification

All Other Compensation paid represents dividends and distributions on unvested shares of restricted common stock.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

Mr. Siering did not receive annual cash incentive compensation or an equity award grant during the fiscal year ended December 31, 2020.

Performance Metrics

The performance metrics for the CEO's compensation were not applicable as Mr. Siering did not receive any performance-based compensation in 2020.

Other Two Harbors Investment Corporation CEOs

Here are other CEOs of Two Harbors Investment Corporation

William Greenberg

CEO of Two Harbors Investment Corporation

June 2020 - Present