4//SEC Filing
Reese Nathan R 4
Accession 0001273685-22-000015
CIK 0001273685other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 8:30 PM ET
Size
11.4 KB
Accession
0001273685-22-000015
Insider Transaction Report
Form 4
Reese Nathan R
Vice President and Secretary
Transactions
- Award
Restricted Stock Units
2022-01-27+44,803→ 83,831 total→ Common Stock, par value $0.01 per share (44,803 underlying) - Award
Common Stock, par value $0.01 per share
2022-01-27+24,359→ 242,150 total - Award
Common Stock, par value $0.01 per share
2022-01-27+45,840→ 287,990 total - Tax Payment
Common Stock, par value $0.01 per share
2022-01-27$3.72/sh−16,745$62,291→ 271,245 total
Footnotes (4)
- [F1]Represents shares of restricted stock issued pursuant to New York Mortgage Trust's ("NYMT") 2017 Stock Incentive Plan as payment of the restricted stock portion of compensation earned by the Reporting Person pursuant to NYMT's 2021 Annual Incentive Plan, 1/3 of which will become fully vested and non-forfeitable on each of the first, second and third anniversaries of the date of grant.
- [F2]Shares acquired pursuant to the settlement of performance-based stock units ("PSUs") granted to the Reporting Person in 2019. Per the terms of the award agreement governing the PSUs, the number of underlying shares of NYMT 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 PSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PSUs was based on NYMT's total stockholder return for the three years ended December 31, 2021.
- [F3]Surrendered to satisfy tax liability incident to the settlement of PSUs described in Note 2 above.
- [F4]Represents restricted stock units ("RSUs") issued pursuant to NYMT's 2017 Equity Incentive Plan (as amended) under NYMT's 2022 Long-Term Equity Plan, 1/3 of which will become fully vested and non-forfeitable on each of the first, second and third anniversaries of the date of grant. Pursuant to a restricted stock unit award agreement (the "RSU Award Agreement"), the RSUs represent the right to receive shares of common stock of NYMT on a one-to-one basis upon vesting, subject to the terms and conditions of the RSU Award Agreement, and are granted in tandem with a corresponding dividend equivalent right that entitles, upon vesting, the Reporting Person to receive payments in cash or stock of NYMT equivalent to any dividends paid by NYMT on the shares of NYMT common stock underlying the RSUs.
Documents
Issuer
NEW YORK MORTGAGE TRUST INC
CIK 0001273685
Entity typeother
Related Parties
1- filerCIK 0001462291
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 8:30 PM ET
- Size
- 11.4 KB