0001273685-22-000014.txt : 20220131
0001273685-22-000014.hdr.sgml : 20220131
20220131202652
ACCESSION NUMBER: 0001273685-22-000014
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220127
FILED AS OF DATE: 20220131
DATE AS OF CHANGE: 20220131
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Serrano Jason T
CENTRAL INDEX KEY: 0001763908
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32216
FILM NUMBER: 22576335
MAIL ADDRESS:
STREET 1: 275 MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10016
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK MORTGAGE TRUST INC
CENTRAL INDEX KEY: 0001273685
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 470934168
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 90 PARK AVENUE. 23RD FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10016
BUSINESS PHONE: (212) 792-0107
MAIL ADDRESS:
STREET 1: 90 PARK AVENUE. 23RD FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10016
4
1
wf-form4_164367879580034.xml
FORM 4
X0306
4
2022-01-27
0
0001273685
NEW YORK MORTGAGE TRUST INC
NYMT
0001763908
Serrano Jason T
C/O NEW YORK MORTGAGE TRUST, INC.
90 PARK AVENUE
NEW YORK
NY
10016
1
1
0
0
Chief Executive Officer
Common Stock, par value $0.01 per share
2022-01-27
4
A
0
175968
0
A
692926
D
Common Stock, par value $0.01 per share
2022-01-27
4
A
0
171901
0
A
864827
D
Common Stock, par value $0.01 per share
2022-01-27
4
F
0
84906
3.72
D
779921
D
Restricted Stock Units
2022-01-27
4
A
0
147849
0
A
Common Stock, par value $0.01 per share
147849.0
264935
D
Represents shares of restricted stock issued pursuant to New York Mortgage Trust's ("NYMT") 2017 Stock Incentive Plan as payment of the restricted stock portion of compensation earned by the Reporting Person pursuant to NYMT's 2021 Annual Incentive Plan, 1/3 of which will become fully vested and non-forfeitable on each of the first, second and third anniversaries of the date of grant.
Shares acquired pursuant to the settlement of performance-based stock units ("PSUs") granted to the Reporting Person in 2019. Per the terms of the award agreement governing the PSUs, the number of underlying shares of NYMT common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PSUs was based on NYMT's total stockholder return for the three years ended December 31, 2021.
Surrendered to satisfy tax liability incident to the settlement of PSUs described in Note 2 above.
Represents restricted stock units ("RSUs") issued pursuant to NYMT's 2017 Equity Incentive Plan (as amended) under NYMT's 2022 Long-Term Equity Plan, 1/3 of which will become fully vested and non-forfeitable on each of the first, second and third anniversaries of the date of grant. Pursuant to a restricted stock unit award agreement (the "RSU Award Agreement"), the RSUs represent the right to receive shares of common stock of NYMT on a one-to-one basis upon vesting, subject to the terms and conditions of the RSU Award Agreement, and are granted in tandem with a corresponding dividend equivalent right that entitles, upon vesting, the Reporting Person to receive payments in cash or stock of NYMT equivalent to any dividends paid by NYMT on the shares of NYMT common stock underlying the RSUs.
/s/ Jason T. Serrano
2022-01-31