4//SEC Filing
FREYDBERG RONALD A 4
Accession 0001104659-20-005114
CIK 0001055160other
Filed
Jan 16, 7:00 PM ET
Accepted
Jan 17, 4:15 PM ET
Size
15.3 KB
Accession
0001104659-20-005114
Insider Transaction Report
Form 4
FREYDBERG RONALD A
Executive Vice President/CI&AO
Transactions
- Exercise/Conversion
Common Stock
2020-01-15+5,000→ 624,602.616 total - Tax Payment
Common Stock
2020-01-15$7.87/sh−8,143$64,085→ 628,440.616 total - Exercise/Conversion
Phantom Shares
2020-01-15−5,000→ 32,500 totalFrom: 2020-01-15Exp: 2020-01-15→ Common Stock (5,000 underlying) - Exercise/Conversion
Phantom Shares
2020-01-15−7,500→ 25,000 totalFrom: 2020-01-15Exp: 2020-01-15→ Common Stock (7,500 underlying) - Exercise/Conversion
Common Stock
2020-01-15+11,981→ 636,583.616 total
Footnotes (8)
- [F1]Shares acquired pursuant to the settlement of time-based restricted stock units (i.e., phantom stock) granted to the Reporting Person in January 2017.
- [F2]Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.
- [F3]Shares acquired in connection with the settlement of performance-based restricted stock units (i.e., phantom stock) ("PRSUs") granted to the Reporting Person in January 2017 as discussed in Notes 6, 7 and 8 below. The number of shares reported includes 2,862 shares representing the settlement (in the form of additional shares of common stock) of dividend equivalents that accrued during the three-year performance period ended December 31, 2019 in respect of the PRSUs that vested and whose settlement is reported herein.
- [F4]The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 3 above.
- [F5]Settlement of time-based restricted stock units (i.e., phantom stock) granted to the Reporting Person in January 2017. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.
- [F6]Settlement of performance-based restricted stock units (i.e., phantom stock) ("PRSUs") granted to the Reporting Person in January 2017. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.
- [F7]The number of PRSUs reported in Table II represents the target number of PRSUs that were granted to the reporting person in January 2017. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2019.
- [F8]The Compensation Committee of the Board of Directors of MFA Financial, Inc. has confirmed and certified that the PRSUs vested at a level above target, as reflected in Table I above (see Note 3). In addition, per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of PRSUs that ultimately vested.
Documents
Issuer
MFA FINANCIAL, INC.
CIK 0001055160
Entity typeother
Related Parties
1- filerCIK 0001203598
Filing Metadata
- Form type
- 4
- Filed
- Jan 16, 7:00 PM ET
- Accepted
- Jan 17, 4:15 PM ET
- Size
- 15.3 KB