4//SEC Filing
BILLINGS ERIC F 4
Accession 0000899243-19-019544
CIK 0001209028other
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 4:30 PM ET
Size
7.7 KB
Accession
0000899243-19-019544
Insider Transaction Report
Form 4
BILLINGS ERIC F
DirectorChairman & CEO
Transactions
- Award
Class A Common Stock
2019-07-12+36,692→ 279,451 total
Holdings
- 87,847
Restricted Stock Units
→ Class A Common Stock
Footnotes (3)
- [F1]Represents 36,692 restricted shares of Class A common stock granted on July 12, 2019 ("Restricted Stock"), upon earning a portion of the Performance Share Units ("PSUs") originally granted effective July 1, 2018 (the "Date of Grant") pursuant to the Arlington Asset Investment Corp. 2014 Long-Term Incentive Plan. PSUs represent the right to receive shares of the Company's Class A common stock subject to the achievement of certain performance goals at the end of the applicable performance period. A portion of the PSUs awarded on July 1, 2018 were eligible to be earned at the end of a one-year performance period, at which time, any PSUs earned were to be settled by the grant of Restricted Stock on a one-for-one basis, including the grant of any dividend equivalent Restricted Stock.
- [F2](Continued from footnote 1) Pursuant to Mr. Billings' retirement and consulting agreement dated June 6, 2019, the vesting schedule provides that these Restricted Stock shall vest and become nonforfeitable on December 31, 2019, subject to Mr. Billings's continued employment. The reporting person will be entitled to dividends and voting rights with respect to all of the shares of Restricted Stock.
- [F3]Represents the current restricted stock units owned by the reporting person. No transaction occurred and is for informational purposes only.
Documents
Issuer
Arlington Asset Investment Corp.
CIK 0001209028
Entity typeother
Related Parties
1- filerCIK 0001218301
Filing Metadata
- Form type
- 4
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 4:30 PM ET
- Size
- 7.7 KB