Ellington director granted 10,181 units
Director Edward Resendez received a new equity-based OP LTIP Unit award that can later be converted into Ellington Financial common stock, subject to multi‑year vesting.
Rhea-AI Filing Summary
Ellington Financial Inc. (EFC) reported that director Edward Resendez received a grant of 10,181 OP LTIP Units of Ellington Financial Operating Partnership LLC on September 9, 2026. These non-voting units are forfeitable until September 8, 2027, subject to his continued board service, and are issued under the Company’s 2026 Equity Incentive Plan. After vesting, they may be converted into Common Units on a one-for-one basis and, subject to conditions, those Common Units may be redeemed for an equivalent number of Ellington Financial common shares or the cash value of such shares, at the Company’s election. Following this grant, Resendez holds 76,548 OP LTIP Units and 2,500 shares of common stock, all reported as direct holdings, and no transactions are reported under a Rule 10b5-1 trading plan.
Positive
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Negative
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Insider Trade Summary
Grant/Award: 10,181 shares
Grant/Award
2 txns
Insider
Resendez Edward
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | OP LTIP Units F1, F2 | 10,181 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
OP LTIP Units — 76,548 contracts (Direct);
Common Stock — 2,500 shares (Direct)
Footnotes (2)
- F1. 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 Ellington Financial Inc. (the "Company").
- F2. The 10,181 OP LTIP Units remain forfeitable, subject to the reporting person's continued service as a member of the board of directors of the Company, until September 8, 2027. The OP LTIP Units may be converted, upon lapse of the vesting restrictions described above, 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 shares of common stock of the Company, $0.001 par value per share (the "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 2026 Equity Incentive Plan.
Key Figures
OP LTIP Units granted: 10,181 units
OP LTIP Units holdings after grant: 76,548 units
Common stock holdings: 2,500 shares
+2 more
5 metrics
OP LTIP Units granted
10,181 units
Grant to director Edward Resendez on September 9, 2026
OP LTIP Units holdings after grant
76,548 units
Total OP LTIP Units held directly by Edward Resendez after the transaction
Common stock holdings
2,500 shares
Directly held Ellington Financial common stock reported as of the same filing
Vesting end date
September 8, 2027
Date until which the 10,181 OP LTIP Units remain forfeitable
Conversion ratio
1 OP LTIP Unit to 1 Common Unit
Each vested OP LTIP Unit may be converted into one Common Unit of the Operating Partnership
Key Terms
OP LTIP Units, Common Units, Equity Incentive Plan, non-voting
4 terms
OP LTIP Units financial
"Represents a separate non-voting class of limited liability company interests ("OP LTIP Units")"
OP LTIP units are ownership units in a company’s operating partnership granted to managers under a long‑term incentive plan; they behave like shares that reward performance over several years and often convert into common stock or cash. Investors care because these units can dilute existing shareholders when converted, reveal how executives are paid and motivated, and signal whether management’s interests are aligned with long‑term value creation — like giving a coach a stake in future team wins.
Common Units financial
"converted ... into limited liability company interests ... designated as common units ("Common Units")"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Equity Incentive Plan financial
"subject to the terms and conditions of the Company's 2026 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
non-voting financial
"Represents a separate non-voting class of limited liability company interests"
Non-voting describes a class of shares or securities that do not carry the right to vote on corporate matters like board elections or major transactions. For investors, this matters because non-voting holdings can still share in profits and price moves like regular shares, but they do not influence company decisions—think of owning a ticket to watch a game without having a say in how the team is run.
FAQ
What insider transaction did Ellington Financial (EFC) report for director Edward Resendez?
Ellington Financial reported that director Edward Resendez received a grant of 10,181 OP LTIP Units on September 9, 2026. These units are equity-based awards in the operating partnership that may later be converted into Common Units and then redeemed for common shares or cash at the Company’s election.
What are OP LTIP Units mentioned in the EFC Form 4 filing?
The filing states OP LTIP Units are a separate non-voting class of limited liability company interests in Ellington Financial Operating Partnership LLC. After vesting, each OP LTIP Unit may be converted into a Common Unit, which is then redeemable for Ellington Financial common stock or cash, subject to conditions.
When do Edward Resendez’s OP LTIP Units vest according to the EFC Form 4?
The 10,181 OP LTIP Units remain forfeitable until September 8, 2027. Vesting is conditioned on his continued service as a member of Ellington Financial Inc.’s board of directors through that date, as described in the filing’s footnote.
Was the Ellington Financial (EFC) OP LTIP Unit grant to Edward Resendez made under a Rule 10b5-1 plan?
No. The Form 4 indicates the document-level Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the OP LTIP Unit grant was made pursuant to a Rule 10b5-1 trading plan.
Under what plan were the OP LTIP Units granted in the EFC Form 4?
The filing states that the 10,181 OP LTIP Units were issued pursuant to, and are subject to the terms and conditions of, Ellington Financial Inc.’s 2026 Equity Incentive Plan, which governs this type of equity-based compensation award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
