Form 4: NYMT CEO Jason Serrano Reports Stock Transaction
SEC Form 4 Filing
Jason Serrano, CEO of New York Mortgage Trust, Inc., reports the disposition of shares to cover tax liabilities related to vesting restricted stock.
Summary
- On January 27, 2025, Jason T Serrano, the CEO of New York Mortgage Trust, Inc. (NYMT), reported a transaction involving the disposition of 11,841 shares of common stock.
- The shares were surrendered to satisfy tax liability related to the vesting of restricted stock issued under NYMT's 2017 Equity Incentive Plan.
- The price per share was $6.05.
- Following the transaction, Serrano directly owns 320,828 shares of NYMT.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This is a routine transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of stock transaction |
| 01/29/2025 | Date of signature on the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.