Two Harbors Investment Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Schedule of Share-based Compensation, Performance Share Units Activity (Details)

v3.24.1.u1

Schedule of Share-based Compensation, Performance Share Units Activity (Details) - Performance Shares Units - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of nonvested restricted common shares outstanding (in shares)	673,086	487,469	485,822	265,261
Weighted average grant date fair value of nonvested equity awards outstanding at beginning of period (in usd per share)	$ 24.89	$ 26.93
Number of equity awards granted during period under equity incentive plans (in shares)	292,000	222,208
Weighted average grant date fair value of equity awards granted during period under equity incentive plans (in usd per share)	$ 16.19	$ 22.47
Number of equity awards vested during period (in shares)	(60,777)	0
Weighted average grant date fair value of equity awards vested during period (in usd per share)	$ (34.68)	$ 0
Number of equity awards forfeited during period (in shares)	(43,959)	0
Weighted average grant date fair value of equity awards forfeited during period (in usd per share)	$ (34.68)	$ 0
Weighted average grant date fair value of nonvested equity awards outstanding at end of period (in usd per share)	$ 19.60	$ 24.90
Award vesting period of equity awards granted during period under equity incentive plans	3 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Ultimate percentage of common shares to be vested per PSU award	0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Ultimate percentage of common shares to be vested per PSU award	200.00%

- Definition

Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition.

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The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.

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Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.

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The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

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- Definition

The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.

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Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options.

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- Definition

The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.

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The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.

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Percentage of vesting of award under share-based payment arrangement.

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