Form 4: Director Gena Cheng Acquires Deferred Stock Units in New York Mortgage Trust

Director Gena Cheng was granted 18,462 deferred stock units (DSUs) in New York Mortgage Trust, which will vest and be settled for common stock in the future.

Summary

• Gena Cheng, a director of New York Mortgage Trust Inc. (NYMT), was granted 18,462 deferred stock units (DSUs) on August 22, 2024.
• These DSUs were awarded under the company's 2017 Equity Incentive Plan.
• 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 date that is the third anniversary of the date of grant.
• Each DSU can be settled for one share of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of stock units to a director is a common practice and generally viewed as a positive sign of aligning interests. There are no explicit negative indicators.

Positives

• The grant of DSUs aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The DSUs will vest and be settled for shares of common stock in the future, subject to continued service and the terms of the award agreement.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, transact in their company's stock, providing transparency to the market.

Stakeholder Impact

• The grant of DSUs to a director can positively impact shareholders by aligning management's interests with the company's long-term success.

Key Dates