JOSEPHS ROBIN 4

What Happened

• Robin Josephs, a director of MFA Financial, Inc. (MFA), received a grant of 16,448 restricted stock units (RSUs) on 2026-06-08. The Form 4 records the acquisition as a derivative award (code A) at a grant price of $0.00 — no cash was paid by the insider. The RSUs were fully vested as of the grant date and will be settled into an equivalent number of common shares.

Key Details

• Transaction date: 2026-06-08 (Form 4 filed 2026-06-10; appears timely within the 2-business-day filing window).
• Grant: 16,448 RSUs, grant price reported $0.00, reported as a derivative award (A).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: (1) Each RSU equals the right to one common share. (2) The RSUs were fully vested at grant and will be settled in shares either upon the director’s termination of service or on/about January 15, 2032.
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of underlying shares in this filing.

Context

• RSUs are a form of compensation, not an open-market purchase or sale; because these units were fully vested, Josephs already has the right to the underlying shares, though settlement into actual shares may be deferred per the terms above. Such awards are common for directors and reflect compensation rather than a direct trading signal.