Form 4: NYMT President Nicholas Mah Receives 96,366 Restricted Stock Units

Nicholas Mah, President of New York Mortgage Trust, Inc. (NYMT), was granted 96,366 restricted stock units under the company's 2017 Equity Incentive Plan.

Summary

• On April 10, 2024, Nicholas Mah, President of New York Mortgage Trust, Inc. (NYMT), received 96,366 restricted stock units (RSUs).
• These RSUs were issued under NYMT's 2017 Equity Incentive Plan (as amended) under NYMT's 2024 Long-Term Equity Plan.
• The RSUs will vest in three equal installments on January 1, 2025, January 1, 2026, and January 1, 2027.
• Each RSU represents the right to receive one share of NYMT common stock upon vesting.
• The grant includes a dividend equivalent right, entitling Mah to payments equivalent to any dividends paid on the underlying common stock upon vesting.
• Following the transaction, Mah directly owns 152,661 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard executive compensation disclosure. The grant itself is neither overwhelmingly positive nor negative.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the real estate investment trust (REIT) industry, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common in REITs like Annaly Capital Management (NLY) and AGNC Investment Corp. (AGNC).
• The vesting schedule of the RSUs is typical for such grants, often spanning multiple years to incentivize long-term performance.
• The size of the grant should be compared to NYMT's market capitalization and the executive's overall compensation package to assess its relative significance.

Stakeholder Impact

• Shareholders: The grant aligns executive interests with shareholder value creation.
• Employees: The grant may serve as a motivation for other employees.
• Executive: The grant provides additional compensation and incentives for the executive.

Key Dates