Richard Ernst Konzmann, EVP of Arlington Asset Investment Corp., recently acquired 25,487 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on February 03, 2021. Konzmann now owns 130,482 shares of the company. Konzmann operates out of Mclean, VA. Some additional info was provided as follows:
Represents restricted shares of Class A common stock granted on February 3, 2021 ("Restricted Stock"), upon earning a portion of the Performance Share Units ("PSUs") originally granted effective February 3, 2020 (the "Date of Grant") pursuant to the Arlington Asset Investment Corp. 2014 Long-Term Incentive Plan. PSUs represent the right to receive shares of the Company's Class A common stock subject to the achievement of certain performance goals at the end of the applicable performance period. A portion of the PSUs awarded on February 3, 2020 were eligible to be earned at the end of a one-year performance period, at which time, any PSUs earned were to be settled by the grant of Restricted Stock on a one-for-one basis, including the grant of any dividend equivalent Restricted Stock.
(Continued from footnote 1) The vesting schedule provides that these Restricted Stock shall vest and become nonforfeitable on the third anniversary of the Date of Grant, subject to Mr. Konzmann's continued employment. The reporting person will be entitled to dividends and voting rights with respect to all of the shares of Restricted Stock.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: