MFA Financial director awarded 16,448 RSUs

Small Christopher R. reported acquisition or exercise transactions in this Form 4 filing.

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.

Insider Trade Summary

Grant/Award: 16,448 shares

Grant/Award 1 txn

Insider Small Christopher R.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	16,448	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 32,288 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock.
2. F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

Does this MFA (MFA) Form 4 reflect an open-market buy or sell of shares?

No, the Form 4 reflects a compensation-related grant coded as an acquisition, not an open-market buy or sell. The transaction involves restricted stock units that convert into common shares later, so it does not show a discretionary trading decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/10/2026 - 04:32 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Small Christopher R.

(Last) (First) (Middle)

C/O MFA FINANCIAL, INC.

ONE VANDERBILT AVENUE, 48TH FLOOR

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MFA FINANCIAL, INC. [ MFA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	06/08/2026		A		16,448		01/15/2032(2)	01/15/2032(2)	Common Stock	16,448	$0	32,288	D

Explanation of Responses:

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

2. 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.

	/s/ Harold E. Schwartz, by power of attorney	06/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)