4//SEC Filing
Mumford Lisa 4
Accession 0001411342-24-000124
CIK 0001411342other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 4:43 PM ET
Size
8.6 KB
Accession
0001411342-24-000124
Insider Transaction Report
Form 4
Mumford Lisa
Director
Transactions
- Award
Common Stock
2024-12-27+8,378→ 71,918 total - Other
OP LTIP Units
2024-12-27−8,378→ 7,657 total→ Common Units (8,378 underlying)
Footnotes (3)
- [F1]On December 27, 2024, Ms. Mumford and Ellington Financial Inc. (the "Company") entered into an Exchange Agreement (the "Exchange Agreement") whereby Ms. Mumford exchanged the 8,378 OP LTIP Units (as defined below) that were granted to her on September 11, 2024 pursuant to, and are subject to the terms and conditions of the Company's 2017 Equity Incentive Plan (the "Plan"), for 8,378 shares of common stock of the Company, $0.001 par value per share (the "Common Shares"). No other consideration was involved in connection with the Exchange Agreement. The Common Shares were also issued pursuant to, and are subject to the terms and conditions of, the Plan. The 8,378 Common Shares remain forfeitable, subject to Ms. Mumford's continued service as a member of the board of directors of the Company, until December 26, 2025.
- [F2]Represents a separate non-voting class of limited liability company interests ("OP LTIP Units") of Ellington Financial Operating Partnership LLC (the "Operating Partnership"), the operating partnership of the Company.
- [F3]Ms. Mumford's 7,657 OP LTIP Units remaining vested on September 13, 2024. The OP LTIP Units may be converted at the election of the holder, or at any time at the election of the Company, into limited liability company interests of the Operating Partnership designated as common units ("Common Units") on a one-for-one basis. Subject to certain conditions, the Common Units are redeemable by the holder for an equivalent number of Common Shares or for the cash value of such Common Shares, at the Company's election. The OP LTIP Units were issued pursuant to, and are subject to the terms and conditions of the Company's 2017 Equity Incentive Plan. The rights to convert OP LTIP Units into Common Units and redeem such Common Units do not have expiration dates.
Documents
Issuer
Ellington Financial Inc.
CIK 0001411342
Entity typeother
Related Parties
1- filerCIK 0001380384
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 4:43 PM ET
- Size
- 8.6 KB