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Name
|
| |
Age
|
| |
Title
|
| |
Director
Since |
|
Lawrence Mendelsohn | | |
59
|
| | Chairman of the Board of Directors and Chief Executive Officer (“CEO”); Manager of our Manager | | |
2014
|
|
Russell Schaub | | |
56
|
| | President and Director; Vice-President and Chief Operating Officer of the Servicer | | |
2015
|
|
Steven L. Begleiter | | |
58
|
| | Director | | |
2014
|
|
John C. Condas | | |
59
|
| | Director | | |
2015
|
|
Paul Friedman | | |
66
|
| | Director | | |
2016
|
|
Jonathan Bradford Handley, Jr.
|
| |
50
|
| | Director | | |
2014
|
|
J. Kirk Ogren, Jr. | | |
60
|
| | Director | | |
2014
|
|
| | |
Year Ended
December 31, 2019 |
| |
Year Ended
December 31, 2018 |
| ||||||
Audit Fees
|
| | | $ | 745,000 | | | | | $ | 736,000 | | |
Audit-Related Fees
|
| | | | — | | | | | | — | | |
Tax Fees
|
| | | | — | | | | | | — | | |
All Other Fees
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | 745,000 | | | | | $ | 736,000 | | |
Member
|
| |
Audit Committee
|
| |
Compensation
Committee |
| |
Nominating and
Corporate Governance Committee |
| |
Investment
Supervisory Committee |
|
Lawrence Mendelsohn
|
| | | | | | | | | | |
X (chair)
|
|
Russell Schaub
|
| | | | | | | | | | | | |
Steven L. Begleiter
|
| | | | | | | | | | | | |
John C. Condas
|
| | | | |
X
|
| |
X
|
| |
X
|
|
Paul Friedman
|
| |
X
|
| |
X
|
| |
X
|
| | | |
Jonathan Bradford Handley, Jr.*
|
| |
X (chair)
|
| | | | | | | | | |
J. Kirk Ogren, Jr.
|
| |
X
|
| |
X (chair)
|
| |
X (chair)
|
| |
X
|
|
Name
|
| |
Age
|
| |
Title
|
|
Lawrence Mendelsohn | | |
59
|
| |
Chairman of the Board and CEO; Manager of our Manager
|
|
Russell Schaub | | |
56
|
| | President and Director; Vice-President and Chief Operating Officer of the Servicer | |
Mary Doyle | | |
55
|
| | CFO; CFO of the Manager and the Servicer | |
Name and principal position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
awards ($)(1) |
| |
Option
awards ($) |
| |
Non-equity
incentive plan compensation ($) |
| |
Change in
pension value and nonqualified deferred compensation earnings ($) |
| |
All other
compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||||||||
Lawrence Mendelsohn(2)
|
| | | | 2019 | | | | | | — | | | | | | — | | | | | | 195,160 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 195,160 | | |
| | | 2018 | | | | | | — | | | | | | — | | | | | | 108,640 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 108,640 | | | ||
| | | 2017 | | | | | | — | | | | | | — | | | | | | 237,150 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 237,150 | | | ||
Mary Doyle
|
| | | | 2019 | | | | | | 315,000(3) | | | | | | 209,000(3) | | | | | | 97,580 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 597,580 | | |
| | | 2018 | | | | | | 250,000(4) | | | | | | 150,000(4) | | | | | | 54,320 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 454,320 | | | ||
| | | 2017 | | | | | | 250,000(4) | | | | | | 150,000(4) | | | | | | 55,800 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 455,800 | | | ||
Russell Schaub(5)
|
| | | | 2019 | | | | | | — | | | | | | — | | | | | | 97,580 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 97,580 | | |
| | | 2018 | | | | | | — | | | | | | — | | | | | | 54,320 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 54,320 | | | ||
| | | 2017 | | | | | | — | | | | | | — | | | | | | 55,800 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 55,800 | | |
| | | | | | | | |
Estimated future payouts
under non-equity incentive plan awards |
| |
Estimated future payouts
under equity incentive plan awards |
| |
All other
stock awards: Number of shares of stock or units (#) |
| |
All other
option awards: Number of securities underlying options (#) |
| |
Exercise
or base price of option awards ($/Sh) |
| |
Grant date
fair value of stock and option awards |
| ||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant
date |
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target(1)
(#) |
| |
Maximum
(#) |
| |||||||||||||||||||||||||||||||||||||||||||||
Lawrence Mendelsohn
|
| | | | 8/1/19 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 195,160 | | |
Mary Doyle
|
| | | | 8/1/19 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 97,580 | | |
Russell Schaub
|
| | | | 8/1/19 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 97,580 | | |
| | |
Option awards
|
| |
Stock awards
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Number of
securities underlying unexercised options (#) exercisable |
| |
Number of
securities underlying unexercised options (#) unexercisable |
| |
Equity incentive
plan awards: number of securities underlying unexercised unearned options (#) |
| |
Option
exercise price ($) |
| |
Option
expiration date |
| |
Number of
shares or units of stock that have not vested (#) |
| |
Market
value of shares or units of stock that have not vested(1) ($) |
| |
Equity
incentive plan awards: number of unearned shares, units or other rights that have not vested (#) |
| |
Equity
incentive plan awards: market or payout value of unearned shares, units or other rights that have not vested(1) ($) |
| |||||||||||||||||||||||||||
Lawrence Mendelsohn
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,000 | | | | | | 346,637 | | | | | | 25,000 | | | | | | 346,637 | | |
Mary Doyle
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,000 | | | | | | 152,393 | | | | | | 11,000 | | | | | | 152,393 | | |
Russell Schaub
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,000 | | | | | | 152,393 | | | | | | 11,000 | | | | | | 152,393 | | |
| | |
Option awards
|
| |
Stock awards
|
| ||||||||||||||||||
Name
|
| |
Number of shares
acquired on exercise (#) |
| |
Value realized on
exercise ($) |
| |
Number of shares acquired
on vesting (#) |
| |
Value realized on vesting(1)
($) |
| ||||||||||||
Lawrence Mendelsohn
|
| | | | — | | | | | | — | | | | | | 8,333 | | | | | | 115,263 | | |
Mary Doyle
|
| | | | — | | | | | | — | | | | | | 2,667 | | | | | | 36,707 | | |
Russell Schaub
|
| | | | — | | | | | | — | | | | | | 2,667 | | | | | | 36,707 | | |
Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Stock Awards
($)(1) |
| |
Total
($) |
| |||||||||
John C. Condas
|
| | | | 48,750 | | | | | | 59,987 | | | | | | 108,737 | | |
Paul Friedman
|
| | | | 48,750 | | | | | | 59,987 | | | | | | 108,737 | | |
Jonathan Bradford Handley, Jr
|
| | | | 63,750 | | | | | | 59,987 | | | | | | 123,737 | | |
J. Kirk Ogren, Jr
|
| | | | 68,750 | | | | | | 59,987 | | | | | | 128,737 | | |
| | | | | 230,000 | | | | | | 239,948 | | | | | | 469,948 | | |
| | |
Shares Beneficially Owned
|
| |||||||||
| | |
Number
|
| |
Percent
|
| ||||||
Wellington Management Group LLP(1)(18)
|
| | | | 3,283,197 | | | | | | 14.8% | | |
FMR LLC(2)(18)
|
| | | | 3,178,353 | | | | | | 14.7% | | |
The Vanguard Group(3)(18)
|
| | | | 2,229,179 | | | | | | 11.0% | | |
BlackRock Inc(4)(18)
|
| | | | 1,705,316 | | | | | | 8.4% | | |
Bay Pond Partners LP(5)(18)
|
| | | | 1,666,038 | | | | | | 8.1% | | |
Vanguard Index Funds(6)(18)
|
| | | | 1,620,172 | | | | | | 8.0% | | |
Ithan Creek Master Investors(7)(18)(26)
|
| | | | 1,243,962 | | | | | | 6.0% | | |
Lawrence Mendelsohn(8)(9)(10)(11)(12)(13)(18) (24) (26)
|
| | | | 1,155,549 | | | | | | 5.2% | | |
Almitas Capital LLC(14)(18)
|
| | | | 1,021,312 | | | | | | 5.0% | | |
Aspen Yo LLC(12)(18)(25)(26)
|
| | | | 972,524 | | | | | | 4.4% | | |
Flexpoint Great Ajax Holdings LLC(15)(18)(26)
|
| | | | 958,750 | | | | | | 4.3% | | |
Thetis Asset Management LLC(18)(25)(26)
|
| | | | 622,756 | | | | | | 2.8% | | |
Gregory Funding LLC(18)(25)
|
| | | | 274,667 | | | | | | 1.2% | | |
Jonathan Bradford Handley, Jr.(18)(19)(24)
|
| | | | 94,955 | | | | | | * | | |
Russell Schaub(16)(17)(18)(24)
|
| | | | 93,028 | | | | | | * | | |
GAFS(18)(25) | | | | | 75,001 | | | | | | * | | |
Mary Doyle(18)(24)
|
| | | | 58,231 | | | | | | * | | |
J. Kirk Ogren, Jr.(18)(20)(24)
|
| | | | 32,638 | | | | | | * | | |
Paul Friedman(18)(21)(24)
|
| | | | 16,403 | | | | | | * | | |
John C. Condas(18)(24)
|
| | | | 15,951 | | | | | | * | | |
Steven L. Begleiter(18)(22)
|
| | | | — | | | | | | * | | |
Executive officers and directors as a group (8 persons)(23)
|
| | | | 1,466,755 | | | | | | 6.6% | | |