MFA director granted 16,448 restricted stock units

Wald Richard C. reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

Wald Richard C. reported acquisition or exercise transactions in this Form 4 filing.

MFA Financial director Richard C. Wald received a grant of 16,448 restricted stock units. Each unit represents one share of MFA common stock and was fully vested on the grant date. The units will be settled in an equal number of shares upon his board service ending or on or about January 15, 2032. Following this award, Wald directly holds 94,703 shares-linked units.

Insider Trade Summary

Grant/Award: 16,448 shares

Grant/Award 1 txn

Insider Wald Richard C.

Role Director

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

Holdings After Transaction: Restricted Stock Units — 94,703 contracts (Direct)

Footnotes (2)

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

RSU grant: 16,448 units Post-grant holdings: 94,703 units Conversion ratio: 1 share per unit +1 more

4 metrics

RSU grant 16,448 units Restricted stock units granted on June 8, 2026

Post-grant holdings 94,703 units Total direct holdings after transaction

Conversion ratio 1 share per unit Each RSU equals one MFA common share

Settlement date trigger January 15, 2032 Outside settlement date if earlier termination does not occur

Key Terms

Restricted Stock Units, fully vested, settled, termination of service

4 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.

fully vested financial

"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."

settled financial

"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."

termination of service financial

"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."

FAQ

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

What insider transaction did MFA (MFA) director Richard C. Wald report?

Richard C. Wald reported receiving 16,448 restricted stock units as compensation. These units are tied to MFA Financial common stock and increase his equity-linked holdings, aligning his interests more closely with shareholders through additional stock-based awards.

How many MFA (MFA) restricted stock units were granted to Richard C. Wald?

He was granted 16,448 restricted stock units. Each unit represents the right to receive one share of MFA Financial common stock, expanding his overall equity exposure to the company through this stock-based compensation award granted on June 8, 2026.

When do Richard C. Wald’s MFA (MFA) restricted stock units vest and settle?

The restricted stock units were fully vested on the grant date. They will be settled in an equivalent number of MFA common shares upon his termination of service as a director or on or about January 15, 2032, whichever occurs first under the grant terms.

What does each MFA (MFA) restricted stock unit granted to Richard C. Wald represent?

Each restricted stock unit represents the right to receive one share of MFA Financial common stock. This structure means the 16,448 units can convert into 16,448 shares when settled, providing stock-based compensation directly tied to the company’s equity.

How many MFA (MFA) shares or units does Richard C. Wald hold after this grant?

After the reported grant, Richard C. Wald holds 94,703 shares-linked units directly. This figure reflects his position following the 16,448 restricted stock units award, as disclosed in the insider transaction report for MFA Financial.

Under what conditions will Richard C. Wald’s MFA (MFA) restricted stock units be settled?

The units will be settled in MFA common stock upon the earlier of his termination of service as a director or on or about January 15, 2032. This timing links settlement to either a governance change or a long-term date-based condition.

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

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Accepted by SEC EDGAR 06/10/2026 - 04:35 PM EDT

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^*

Wald Richard C.

(Last)

(First)

(Middle)

C/O MFA FINANCIAL, INC.

ONE VANDERBILT AVENUE, 48TH FLOOR

(Street)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/08/2026		A		16,448		01/15/2032⁽²⁾	01/15/2032⁽²⁾	Common Stock	16,448	$0	94,703	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)

Source: View Original Filing on SEC EDGAR