Ralph S Michael, a director of Arlington Asset Investment Corp., has just filed an initial statement of beneficial ownership where 7,325 shares of Arlington Asset Investment Corp. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Michael. Michael operates out of Mclean, VA. Some additional info was provided as follows:
Represents the current number of shares of Class A common stock owned. No transaction occurred and is for informational purposes only.
Each deferred stock unit ("DSU") represents a contingent right to receive one share of Class A common stock.
Represents annual grant of DSUs pursuant to the Company's 2021 Long-Term Incentive Plan in connection with the repor ting person's service
as a non-employee director of the Company. DSUs vest immediately on the award grant date. Vested DSUs are converted into shares of Class
A common stock on a one-for-one basis upon the later of the reporting person's separation from service on the board or the first anniversary of
the grant date (the "Settlement Date"). If a change in control occurs before the Settlement Date, the settlement will occur on the control change
date. The reporting person does not have voting rights with respect to, but receives dividend equivalent payments on outstanding DSUs.
Represents restricted stock units ("RSUs") previously granted pursuant the Company's prior long-term incentive plans. RSUs have the same material terms as DSUs. No transaction occurred and is for informational purposes only.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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