MFA Financial Management

Management criteria checks 3/4

MFA Financial's CEO is Craig Knutson, appointed in Aug 2017, has a tenure of 7.25 years. total yearly compensation is $6.64M, comprised of 12% salary and 88% bonuses, including company stock and options. directly owns 0.6% of the company’s shares, worth €6.45M. The average tenure of the management team and the board of directors is 2.9 years and 5.5 years respectively.

Key information

Craig Knutson

Chief executive officer

US$6.6m

Total compensation

CEO salary percentage	12.0%
CEO tenure	7.3yrs
CEO ownership	0.6%
Management average tenure	2.9yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Craig Knutson's remuneration changed compared to MFA Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$170m
Jun 30 2024	n/a	n/a	US$65m
Mar 31 2024	n/a	n/a	-US$2m
Dec 31 2023	US$7m	US$800k	US$47m
Sep 30 2023	n/a	n/a	-US$36m
Jun 30 2023	n/a	n/a	-US$35m
Mar 31 2023	n/a	n/a	-US$109m
Dec 31 2022	US$6m	US$800k	-US$265m
Sep 30 2022	n/a	n/a	-US$228m
Jun 30 2022	n/a	n/a	-US$40m
Mar 31 2022	n/a	n/a	US$127m
Dec 31 2021	US$7m	US$800k	US$295m
Sep 30 2021	n/a	n/a	US$297m
Jun 30 2021	n/a	n/a	US$252m
Mar 31 2021	n/a	n/a	US$282m
Dec 31 2020	US$5m	US$800k	-US$709m
Sep 30 2020	n/a	n/a	-US$650m
Jun 30 2020	n/a	n/a	-US$638m
Mar 31 2020	n/a	n/a	-US$637m
Dec 31 2019	US$5m	US$700k	US$362m
Sep 30 2019	n/a	n/a	US$322m
Jun 30 2019	n/a	n/a	US$314m
Mar 31 2019	n/a	n/a	US$291m
Dec 31 2018	US$5m	US$700k	US$286m
Sep 30 2018	n/a	n/a	US$325m
Jun 30 2018	n/a	n/a	US$302m
Mar 31 2018	n/a	n/a	US$311m
Dec 31 2017	US$4m	US$700k	US$307m

Compensation vs Market: Craig's total compensation ($USD6.64M) is above average for companies of similar size in the German market ($USD1.48M).

Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.

CEO

Craig Knutson (65 yo)

7.3yrs

Tenure

US$6,640,540

Compensation

Mr. Craig L. Knutson has been the Chief Executive Officer of MFA Financial, Inc. since August 16, 2017 and served as its President from January 1, 2014, until September 03, 2024 respectively. Mr. Knutson s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Craig Knutson	CEO & Director	7.3yrs	US$6.64m	0.60% € 6.5m
Bryan Wulfsohn	President & Chief Investment Officer	less than a year	US$3.37m	0.13% € 1.4m
Michael Roper	Senior VP & CFO	1.2yrs	US$1.31m	0.031% € 339.4k
Harold Schwartz	Senior VP	no data	US$1.76m	0.063% € 681.1k
Bryan Doran	Senior VP & Chief Accounting Officer	less than a year	no data	no data
John Elliott	Senior VP & CTO	7.7yrs	no data	no data
Mei Lin	Senior VP & Co-Controller	2.9yrs	no data	0.012% € 126.0k
Natasha Seemungal	Senior VP & Co-Controller	2.9yrs	no data	0.011% € 120.1k

2.9yrs

Average Tenure

43yo

Average Age

Experienced Management: M4ZA's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Craig Knutson	CEO & Director	7.3yrs	US$6.64m	0.60% € 6.5m
Lisa Polsky	Independent Director	4.8yrs	US$283.75k	0.047% € 512.2k
Robin Josephs	Independent Director	14.8yrs	US$300.00k	0.096% € 1.0m
Laurie Goodman	Independent Non-Executive Chair of the Board	10.3yrs	US$385.00k	0.095% € 1.0m
Sheila Stamps	Independent Director	2.9yrs	US$270.00k	0.024% € 257.0k
Richard Wald	Independent Director	4.4yrs	US$270.00k	0.047% € 512.2k
Francis Oelerich	Independent Director	5.5yrs	US$300.00k	0.057% € 618.5k

5.5yrs

Average Tenure

65yo

Average Age

Experienced Board: M4ZA's board of directors are considered experienced (5.5 years average tenure).

MFA Financial Management

Management criteria checks 3/4

Key information

Recent management updates

MFA Financial, Inc. Announces Executive Changes

MFA Financial, Inc., Annual General Meeting, Jun 04, 2024

MFA Financial, Inc. Announces Appointment of Bryan Doran as Chief Accounting Officer

MFA Financial, Inc. Announces Appointment of Michael C. Roper as Chief Financial Officer

Insufficient new directors

Senior VP & Co-Controller recently sold €51k worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$0.38 (vs US$0.64 loss in 3Q 2023)

MFA Financial, Inc. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter dividend of US$0.35 announced

MFA Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on October 31, 2024

MFA Financial, Inc. Announces Executive Changes

Second quarter 2024 earnings released: EPS: US$0.33 (vs US$0.34 loss in 2Q 2023)

MFA Financial, Inc. to Report Q2, 2024 Results on Aug 08, 2024

First quarter dividend of US$0.35 announced

MFA Financial, Inc., Annual General Meeting, Jun 04, 2024

Upcoming dividend of US$0.35 per share

Fourth quarter dividend of US$0.35 announced

MFA Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on April 30, 2024

MFA Financial, Inc. has filed a Follow-on Equity Offering in the amount of $300 million.

Full year 2023 earnings released: EPS: US$0.46 (vs US$2.57 loss in FY 2022)

New major risk - Revenue and earnings growth

MFA Financial, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Upcoming dividend of US$0.35 per share at 12% yield

MFA Financial, Inc. Announces Appointment of Bryan Doran as Chief Accounting Officer

MFA Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 31, 2024

MFA Financial, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Mfa Financial, Inc. Declares Regular Quarterly Cash Dividend on Common Stock, Payable on October 31, 2023

MFA Financial, Inc. Announces Appointment of Michael C. Roper as Chief Financial Officer

MFA Financial, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Insufficient new directors

Upcoming dividend of US$0.35 per share at 15% yield

MFA Financial, Inc. Announces Cash Dividend for the Second Quarter of 2023, Payable on July 31, 2023

Upcoming dividend of US$0.35 per share at 18% yield

MFA Financial, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Upcoming dividend of US$0.35 per share

MFA Financial, Inc. Announces Dividend for the Fourth Quarter of 2022, Payable on January 31, 2023

MFA Financial, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.44 per share

Mfa Financial, Inc. Announces Dividend for the Third Quarter of 2022, to Be Paid on October 31, 2022

MFA Financial, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.44 per share

MFA Financial, Inc. Announces Dividend for the Second Quarter of 2022, Payable on July 29, 2022

Investor sentiment deteriorated over the past week

Senior VP & Co-Controller recently sold €51k worth of stock

MFA Financial, Inc. to Report Q1, 2022 Results on May 04, 2022

MFA Financial, Inc., Annual General Meeting, Jun 07, 2022

Upcoming dividend of US$0.11 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

MFA Financial, Inc. to Report Q4, 2021 Results on Feb 23, 2022

Upcoming dividend of US$0.11 per share

Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.17 in 3Q 2020)

Upcoming dividend of US$0.10 per share

Second quarter 2021 earnings released: EPS US$0.26 (vs US$0.19 in 2Q 2020)

MFA Financial, Inc. (NYSE:MFA) completed the acquisition of 57% stake in Lima One Capital, LLC from Magnetar Capital, LLC.

MFA Financial, Inc.(NYSE:MFA) dropped from Russell 2000 Value-Defensive Index

Independent Non-Executive Chairman of the Board George Krauss has left the company

MFA Financial, Inc. (NYSE:MFA) entered into an agreement to acquire 57% stake in Lima One Capital, LLC from Magnetar Capital, LLC.

First quarter 2021 earnings released: EPS US$0.17 (vs US$2.02 loss in 1Q 2020)

Upcoming dividend of US$0.075 per share

MFA Financial, Inc. Declares Dividend for the First Quarter of 2021, Payable on April 30, 2021

Full year 2020 earnings released: US$1.57 loss per share (vs US$0.80 profit in FY 2019)

New 90-day high: €3.38

MFA Financial, Inc.(NYSE:MFA) dropped from Russell 1000 Value-Defensive Index

MFA Financial, Inc. to Report Q4, 2020 Results on Feb 23, 2021

New 90-day high: €3.28

Upcoming Dividend of US$0.075 Per Share

Third quarter 2020 earnings released: EPS US$0.17

New 90-day high: €2.62

MFA Financial, Inc. to Report Q3, 2020 Results on Nov 05, 2020

MFA Financial, Inc. Announces Executive Changes

MFA Financial, Inc. to Report Q2, 2020 Results on Aug 06, 2020

MFA Financial, Inc.(NYSE:MFA) dropped from Russell 1000 Value-Defensive Index

CEO Compensation Analysis

CEO

Tenure