RALPH S. MICHAEL III - 16 Jun 2022 Form 4 Insider Report for Arlington Asset Investment Corp. (AIC)

Role
Director
Signature
D. Scott Parish, Attorney-in-Fact
Issuer symbol
AIC
Transactions as of
16 Jun 2022
Transactions value $
$0
Form type
4
Filing time
17 Jun 2022, 16:21:54 UTC
Previous filing
06 May 2022
Next filing
28 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AIC Class A Common Stock 7.33K 16 Jun 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AIC Deferred Stock Unit Award $0 +26.5K +135.1% $0.00 46.1K 16 Jun 2022 Class A Common Stock 26.5K Direct F2, F3
holding AIC Restricted Stock Unit 90.1K 16 Jun 2022 Class A Common Stock Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the current number of shares of Class A common stock owned. No transaction occurred and is for informational purposes only.
F2 Each deferred stock unit ("DSU") represents a contingent right to receive one share of Class A common stock.
F3 Represents annual grant of DSUs pursuant to the Company's 2021 Long-Term Incentive Plan in connection with the reporting 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.
F4 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.