Director at MFA Financial (NYSE: MFA) granted 16,448 restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Small Christopher R. reported acquisition or exercise transactions in this Form 4 filing.
MFA Financial, Inc. director Christopher R. Small received a grant of 16,448 restricted stock units on common stock as compensation. The award was granted at $0.00 per unit and increased his directly held restricted stock units to 32,288 following the transaction.
Each restricted stock unit represents the right to receive one share of MFA common stock. The units were fully vested on the grant date and will be settled in an equivalent number of common shares upon the earlier of his termination of service as a director or on or about January 15, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Small Christopher R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 16,448 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 32,288 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock. The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.
Key Figures
RSUs granted: 16,448 units
Grant price per unit: $0.00 per unit
RSUs after transaction: 32,288 units
+2 more
5 metrics
RSUs granted
16,448 units
Restricted stock units granted on 2026-06-08
Grant price per unit
$0.00 per unit
Compensation grant, not market purchase
RSUs after transaction
32,288 units
Total restricted stock units held directly after grant
Underlying common shares
16,448 shares
Each RSU represents one MFA common share
Settlement date
January 15, 2032
Settlement on earlier of director termination or this date
Key Terms
Restricted Stock Units, Grant, award, or other acquisition, derivative, termination of service, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
derivative financial
"transaction_type: derivative"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
termination of service financial
"on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc."
common stock financial
"Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did MFA (MFA) director Christopher R. Small report on this Form 4?
Christopher R. Small reported receiving a grant of 16,448 restricted stock units in MFA Financial, Inc. common stock. These units are a form of equity compensation, not an open-market stock purchase or sale, and increase his derivative holdings linked to MFA shares.
How many MFA (MFA) restricted stock units were granted and what is the price?
The director was granted 16,448 restricted stock units at a stated price of $0.00 per unit. This reflects a compensation award rather than a market transaction, with each unit representing the right to receive one share of MFA common stock.
When will the granted MFA (MFA) restricted stock units be settled?
The restricted stock units will be settled in MFA common shares on the earlier of Christopher R. Small’s termination of service as a director or on or about January 15, 2032. Settlement converts the units into an equivalent number of common shares.
Are the MFA (MFA) restricted stock units already vested for the director?
Yes, the filing states the restricted stock units were fully vested as of the grant date. Although vested, they will be delivered as shares only upon the earlier of his board service ending or the specified January 15, 2032 settlement date.
How many MFA (MFA) restricted stock units does the director hold after this grant?
After the grant of 16,448 restricted stock units, Christopher R. Small holds a total of 32,288 restricted stock units directly. These units are derivative securities tied to MFA common stock and represent future share delivery under the award terms.