Bryan Doran - 02 Jan 2026 Form 4 Insider Report for MFA FINANCIAL, INC. (MFA)

Reporting relationship: Sr VP & Chief Accounting Ofcr
Issuer ticker: MFA
Reported as of: 02 Jan 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Jan 2026, 17:01:08 UTC
Prior SEC filing: 03 Jan 2025
Source filing: View source filing
Reporting owner signature: /s/ Bryan Doran

Key filing fact

Bryan Doran filed Form 4 for MFA FINANCIAL, INC. (MFA) on 06 Jan 2026.

Key facts

This page summarizes Bryan Doran's Form 4 filing for MFA FINANCIAL, INC. (MFA).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 06 Jan 2026, 17:01.

Change

Previous filing in this sequence was filed on 03 Jan 2025.
Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002004201 Primary reporting owner

Doran Bryan

Relationship: Sr VP & Chief Accounting Ofcr
Address: C/O MFA FINANCIAL, INC., ONE VANDERBILT AVENUE, 48TH FLOOR, NEW YORK
Signature: /s/ Bryan Doran
Signature date: 06 Jan 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MFA transaction Derivative

Phantom Shares

Award

Transaction value: $0
Shares: +8,815
Change %: +22%
Price: $0.000000
Shares after: 48,944
Date: 02 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,815
Exercise price
Footnotes: F1, F2

MFA transaction Derivative

Phantom Shares

Award

Transaction value: $0
Shares: +13,649
Change %: +28%
Price: $0.000000
Shares after: 62,593
Date: 02 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,649
Exercise price
Footnotes: F1, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each phantom share represents the right to receive one share of MFA Financial, Inc. common stock.

Footnote F2

These phantom shares are scheduled to vest, subject to forfeiture, on December 31, 2028, and thereafter will be settled in an equivalent number of shares of MFA common stock within 30 days following the vesting date.

Footnote F3

These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric.

Footnote F4

The vesting of these phantom shares will generally occur on December 31, 2028 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended. The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2030.