Form 4: New York Mortgage Trust Director Awarded Deferred Stock Units

Audrey Greenberg, a Director at New York Mortgage Trust, Inc., was granted 18,678 deferred stock units as part of the company's equity incentive plan.

Summary

• Audrey Greenberg, a Director of New York Mortgage Trust, Inc. (NYMT), was granted 18,678 Deferred Stock Units (DSUs) on June 12, 2025.
• The DSUs were awarded pursuant to the New York Mortgage Trust, Inc. 2017 Equity Incentive Plan, as amended.
• These DSUs will vest on the day immediately preceding the Issuer's annual meeting of stockholders that occurs in the calendar year immediately following the calendar year of the grant, contingent on Ms. Greenberg continuously providing services to the Issuer through such vesting date.
• Settlement of the vested DSUs has been deferred until the earliest to occur of a change in control or the third anniversary of the grant date.
• Following this transaction, Ms. Greenberg beneficially owns a total of 37,140 Deferred Stock Units.

Sentiment

Score: 7

Explanation: The grant of equity to a director is generally a positive indicator of alignment between management/board and shareholders, promoting long-term value creation. However, it is a routine compensation event rather than a significant strategic or financial announcement.

Positives

• The grant of deferred stock units aligns the director's long-term interests with those of the shareholders, encouraging sustained commitment and performance.
• The award is part of an established 2017 Equity Incentive Plan, indicating a structured and routine approach to director compensation.

Risks

• The vesting of the DSUs is contingent upon the director's continuous service to the Issuer, meaning the shares will not be received if service is terminated before the vesting date.
• The ultimate value of the DSUs upon settlement is dependent on the future market price of New York Mortgage Trust, Inc. common stock, introducing market price risk.

Future Outlook

The grant of deferred stock units to a director signifies a continued commitment to long-term incentive alignment, linking future compensation to the company's performance and the director's ongoing service.

Industry Context

This transaction represents a routine equity compensation event for a director, common across publicly traded companies, particularly within the financial services and real estate investment trust (REIT) sectors. Such grants are standard practice to align the interests of board members with those of shareholders and to encourage long-term commitment to the company's success.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with long-term shareholder value, potentially encouraging decisions that benefit the company's stock performance.
• Management/Board: Reinforces the company's compensation structure for its board members, promoting retention and commitment.

Next Steps

• Audrey Greenberg's continued service to the Issuer to fulfill the vesting conditions for the DSUs.
• The DSUs will vest on the day immediately preceding the Issuer's annual meeting of stockholders in the calendar year following the grant year.
• Settlement of the vested DSUs will occur upon the earliest of a change in control or the third anniversary of the grant date.

Key Dates

Keywords

New York Mortgage Trust, NYMT, SEC Form 4, Deferred Stock Units, DSU, Equity Incentive Plan, Director Compensation, Insider Transaction, Stock Grant