Key facts
- This page summarizes Stephen D. Yarad's Form 4 filing for MFA FINANCIAL, INC. (MFA).
- 5 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 11 Jan 2023, 16:23.
Stephen D. Yarad - 09 Jan 2023 Form 4 Insider Report for MFA FINANCIAL, INC. (MFA)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- MFA
- Reported as of
- 09 Jan 2023
- Net transaction value
- -$33,415
- SEC form
- 4
- Accepted by SEC
- 11 Jan 2023, 16:23:46 UTC
- Prior SEC filing
- 05 Jan 2023
- Next SEC filing
- 20 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Stephen D. Yarad
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Stephen D. Yarad filed Form 4 for MFA FINANCIAL, INC. (MFA) on 11 Jan 2023.
Change
- Previous filing in this sequence was filed on 05 Jan 2023.
- Current net transaction value: -$33,415.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MFA
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +5,000
- Change %
- +22%
- Price
- $0.000000
- Shares after
- 27,527
- Date
- 09 Jan 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3
MFA
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +737
- Change %
- +2.7%
- Price
- $0.000000
- Shares after
- 28,264
- Date
- 09 Jan 2023
- Ownership
- Direct
- Footnotes
- F2, F3, F4
MFA
transaction
Common Stock
Tax liability
- Transaction value
- $33,415
- Shares
- -3,260
- Change %
- -12%
- Price
- $10.25
- Shares after
- 25,004
- Date
- 09 Jan 2023
- Ownership
- Direct
- Footnotes
- F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MFA
transaction
Derivative
Phantom Shares
Options Exercise
- Transaction value
- Shares
- -5,000
- Change %
- -4.4%
- Price
- Shares after
- 107,759
- Date
- 09 Jan 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 5,000
- Exercise price
- Footnotes
- F6, F7
MFA
transaction
Derivative
Phantom Shares
Options Exercise
- Transaction value
- Shares
- -7,500
- Change %
- -7%
- Price
- Shares after
- 100,259
- Date
- 09 Jan 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 7,500
- Exercise price
- Footnotes
- F7, F8, F9, F10
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 10 footnotes
Footnote F1
Shares acquired pursuant to the settlement of time-based restricted stock units (i.e., phantom stock) granted to the Reporting Person in February 2020.
Footnote F2
Number of shares acquired upon settlement has been adjusted to reflect the issuer's 1-for-4 reverse stock split effected on April 4, 2022.
Footnote F3
Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.
Footnote F4
Shares acquired in connection with the settlement of performance-based restricted stock units (i.e., phantom stock) ("PRSUs") granted to the Reporting Person in February 2020 as discussed in Notes 8, 9 and 10 below. The number of shares reported includes 201 shares representing the settlement (in the form of additional shares of common stock) of dividend equivalents that accrued during the three-year performance period ended December 31, 2022, in respect of the PRSUs that vested and whose settlement is reported herein.
Footnote F5
The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 4 above.
Footnote F6
Settlement of time-based restricted stock units (i.e., phantom stock) granted to the Reporting Person in February 2020. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.
Footnote F7
Number of securities has been adjusted to reflect the issuer's 1-for-4 reverse stock split effected on April 4, 2022.
Footnote F8
Settlement of performance-based restricted stock units (i.e., phantom stock) ("PRSUs") granted to the Reporting Person in February 2020. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.
Footnote F9
The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in February 2020. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA 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 PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2022.
Footnote F10
The Compensation Committee of the Board of Directors of MFA Financial, Inc. has confirmed and certified that the PRSUs vested at a level below target, as reflected in Table I above (see Note 4). In addition, per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of PRSUs that ultimately vested.