Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 134

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 134
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 June 30, 2025 and 2024:Three Months EndedJune 30,Six Months EndedJune 30,(In Thousands)2025202420252024RSUs$2,274 $3,899 $8,326 $10,142 Total$2,274 $3,899 $8,326 $10,142 (b)  Deferred Compensation Plans  The Company administers deferred compensation plans for its senior officers and non-employee directors (collectively, the “Deferred Plans”), pursuant to which participants may elect to defer up to 100% of certain cash compensation.  The Deferred Plans are designed to align participants’ interests with those of the Company’s stockholders. Amounts deferred under the Deferred Plans are considered to be converted into “stock units” of the Company. Stock units do not represent stock of the Company, but rather are a liability of the Company that changes in value as would equivalent shares of the Company’s common stock.  Deferred compensation liabilities are settled in cash at the termination of the deferral period, based on the value of the stock units at that time.  The Deferred Plans are non-qualified plans under the Employee Retirement Income Security Act of 1974 and, as such, are not funded.  Prior to the time that the deferred accounts are settled, participants are unsecured creditors of the Company. The Company’s liability for stock units in the Deferred Plans is based on the market price of the Company’s common stock at the measurement date.  The following table presents the Company’s expenses (reversal) related to its Deferred Plans for the three and six months ended June 30, 2025 and 2024: Three Months EndedJune 30,Six Months EndedJune 30,(In Thousands)2025202420252024Non-employee directors$(99)$(92)$1 $14 Total$(99)$(92)$1 $14  The following table presents the aggregate amount of income deferred by participants of the Deferred Plans through June 30, 2025 and December 31, 2024 that had not been distributed and the Company’s associated liability for such deferrals at June 30, 2025 and December 31, 2024: June 30, 2025December 31, 2024(In Thousands)Undistributed Income Deferred (1) Liability Under Deferred PlansUndistributed Income Deferred (1) Liability Under