Ellington Financial (EFC) Director Edward Resendez Receives Award

What Happened Edward Resendez, a director of Ellington Financial Inc. (EFC), received a grant of 10,181 OP LTIP Units (a separate non‑voting LLC interest in the company's operating partnership) on September 9, 2026. The units were reported at $0.00 each (reported value $0) and are derivative awards rather than an open‑market purchase or sale. The OP LTIP Units remain forfeitable while Resendez continues board service through September 8, 2027 and may convert to Common Units and, subject to conditions, be redeemed for EFC common shares or cash upon vesting.

Key Details

• Transaction date: 2026-09-09; Form 4 filed 2026-09-10 (timely).
• Transaction type: Award/Grant of derivative interests (code A).
• Amount: 10,181 OP LTIP Units at $0.00 (reported value $0).
• Vesting/forfeiture: Units remain forfeitable until September 8, 2027.
• Conversion: OP LTIP Units convert one-for-one to Common Units upon lapse of vesting or at company election; Common Units may be redeemed for common shares or cash.
• Plan: Issued under the Company’s 2026 Equity Incentive Plan.
• Shares owned after transaction: Not specified in the filing.

Context This was a compensation/retention grant of derivative units, not a cash purchase or sale. Such awards are common for directors and represent potential future equity rather than immediate stock acquisition or disposition. They can become economically equivalent to shares if and when vesting conditions lapse and conversion/redemption occurs.