Steven R. Mumma - Jan 27, 2023 Form 4 Insider Report for NEW YORK MORTGAGE TRUST INC (NYMT)

Role
Director
Signature
/s/ Kristine R. Nario-Eng, as attorney-in-fact
Stock symbol
NYMT
Transactions as of
Jan 27, 2023
Transactions value $
-$346,710
Form type
4
Date filed
1/31/2023, 06:46 PM
Previous filing
Jan 4, 2023
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYMT Common Stock, par value $0.01 per share Award $0 +19.4K +1.08% $0.00 1.81M Jan 27, 2023 Direct F1
transaction NYMT Common Stock, par value $0.01 per share Tax liability -$175K -56.7K -3.13% $3.09 1.75M Jan 27, 2023 Direct F2
transaction NYMT Common Stock, par value $0.01 per share Award $0 +154K +8.78% $0.00 1.91M Jan 27, 2023 Direct F3
transaction NYMT Common Stock, par value $0.01 per share Tax liability -$172K -55.6K -2.91% $3.09 1.85M Jan 27, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 2022 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 Surrendered to satisfy tax liability incident to the vesting of shares of restricted stock issued pursuant to NYMT's 2017 Stock Incentive Plan.
F3 Shares acquired pursuant to the settlement of performance-based stock units ("PSUs") granted to the Reporting Person in 2020. 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, 2022.
F4 Surrendered to satisfy tax liability incident to the settlement of PSUs described in Note 3 above.