Form 4: Audrey Greenberg, Director at New York Mortgage Trust, Awarded Deferred Stock Units

Director Audrey Greenberg received 18,462 deferred stock units (DSUs) from New York Mortgage Trust, Inc. on August 22, 2024, under the company's 2017 Equity Incentive Plan.

Summary

• On August 22, 2024, Audrey Greenberg, a director at New York Mortgage Trust, Inc. (NYMT), was granted 18,462 deferred stock units (DSUs).
• The DSUs were awarded under the company's 2017 Equity Incentive Plan, as amended.
• Each DSU can be settled for one share of NYMT common stock.
• The DSUs will vest on the day before the company's next annual meeting of stockholders, provided Greenberg continues to serve the company until then.
• Settlement of the vested DSUs is deferred until a Change in Control occurs or the third anniversary of the grant date, whichever comes first, based on Greenberg's election.

Sentiment

Score: 7

Explanation: The document reflects a standard equity compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The award of DSUs aligns the director's interests with those of the shareholders, incentivizing continued service and performance.

Future Outlook

The DSUs will vest on the day immediately preceding the date of the Issuer's annual meeting of stockholders that occurs in the calendar year immediately following the calendar year in which the date of grant occurs, so long as the Reporting Person continuously provides services to the Issuer through such vesting date. Settlement of the vested DSUs has been deferred until the earliest to occur of the date of a Change in Control (as defined in the Plan) or the date that is the third anniversary of the date of grant.

Industry Context

Equity compensation is a common practice in the real estate investment trust (REIT) industry to attract and retain talent, aligning management's interests with shareholder value.

Stakeholder Impact

• The award of DSUs aligns the director's interests with those of the shareholders, incentivizing continued service and performance, which could positively impact shareholder value.

Key Dates