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Name | | | Age | | | Title | | | Director Since | |
Lawrence Mendelsohn | | | 60 | | | Chairman of the Board of Directors and Chief | | | 2014 | |
| | | | | | Executive Officer (“CEO”); Manager of our | | | | |
| | | | | | Manager | | | | |
Russell Schaub | | | 57 | | | President and Director; Vice-President and Chief | | | 2015 | |
| | | | | | Operating Officer of the Servicer | | | | |
Steven L. Begleiter | | | 59 | | | Director | | | 2014 | |
John C. Condas | | | 60 | | | Director | | | 2015 | |
Paul Friedman | | | 67 | | | Director | | | 2016 | |
Mary Haggerty* | | | 61 | | | Director | | | 2021 | |
Jonathan Bradford Handley, Jr. | | | 51 | | | Director | | | 2014 | |
J. Kirk Ogren, Jr. | | | 61 | | | Director | | | 2014 | |
Name | | | Age | | | Title | | | Director Since | |
Lawrence Mendelsohn | | | 61 | | | Chairman of the Board of Directors and Chief Executive Officer (“CEO”); Manager of our Manager | | | 2014 | |
Russell Schaub | | | 58 | | | President and Director; Vice-President and Chief Operating Officer of the Servicer | | | 2015 | |
Steven L. Begleiter | | | 60 | | | Director | | | 2014 | |
John C. Condas | | | 61 | | | Director | | | 2015 | |
Paul Friedman | | | 68 | | | Director | | | 2016 | |
Mary Haggerty | | | 62 | | | Director | | | 2021 | |
Jonathan Bradford Handley, Jr. | | | 52 | | | Director | | | 2014 | |
J. Kirk Ogren, Jr. | | | 62 | | | Director | | | 2014 | |
| | Year Ended December 31, 2020 | | Year Ended December 31, 2019 | | | Year Ended December 31, 2021 | | Year Ended December 31, 2020 | | ||||||||||||||||
Audit Fees | | | $ | 794,000 | | | | $ | 745,000 | | | | | $ | 761,000 | | | | $ | 794,000 | | | ||||
Audit-Related Fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Tax Fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
All Other Fees | | | | — | | | | | — | | | | | | 3,841 | | | | | — | | | ||||
Total | | | $ | 794,000 | | | | $ | 745,000 | | | | | $ | 764,841 | | | | $ | 794,000 | | |
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 | | | | |
Mary Haggerty | | | X | | | | | | | | | | |
Jonathan Bradford Handley,Jr. * | | | X (chair) | | | | | | | | | | |
J. Kirk Ogren, Jr. | | | X | | | X (chair) | | | X (chair) | | | X | |
Name | | | Age | | | Title | |
Lawrence Mendelsohn | | | | | Chairman of the Board and CEO; Manager of our Manager | | |
Russell Schaub | | | | | President and Director; Vice-President and Chief Operating Officer of the Servicer | | |
Mary Doyle | | | | | 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 ($) | | Total ($) | | | Year | | Salary ($) | | Bonus ($) | | Stock awards ($)(1) | | Option Awards ($) | | Non-equity incentive plan compensation ($) | | Change in pension value and nonqualified | | All other compensation ($) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lawrence Mendelsohn(2) | | | | | 2020 | | | | | ― | | | | | ― | | | | | 38,200 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 38,200 | | | | | | | 2021 | | | | | — | | | | | — | | | | | 179,060 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 179,060 | | | ||||||||||||||||
| | | 2019 | | | | | ― | | | | | ― | | | | | 195,160 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 195,160 | | | | | | 2020 | | | | | — | | | | | — | | | | | 38,200 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 38,200 | | | |||||||||||||||||||
| | | 2018 | | | | | ― | | | | | ― | | | | | 108,640 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 108,640 | | | | | | 2019 | | | | | — | | | | | — | | | | | 195,160 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 195,160 | | | |||||||||||||||||||
Mary Doyle | | | | | 2020 | | | | | 315,000(3) | | | | | 313,500(3) | | | | | 76,400 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 704,900 | | | | | | | 2021 | | | | | 315,000(3) | | | | | 285,000(3) | | | | | 102,320 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 702,320 | | | ||||||||||||||||
| | | 2019 | | | | | 275,208(3) | | | | | 162,000(3) | | | | | 97,580 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 534,788 | | | | | | 2020 | | | | | 315,000(3) | | | | | 313,500(3) | | | | | 76,400 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 704,900 | | | |||||||||||||||||||
| | | 2018 | | | | | 250,000(4) | | | | | 150,000(4) | | | | | 54,320 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 454,320 | | | | | | 2019 | | | | | 275,208 | | | | | 162,000 | | | | | 97,580 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 534,788 | | | |||||||||||||||||||
Russell Schaub | | | | | 2020 | | | | | ― | | | | | ― | | | | | 76,400 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 76,400 | | | | | | | 2021 | | | | | — | | | | | — | | | | | 102,320 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 102,320 | | | ||||||||||||||||
| | | 2019 | | | | | ― | | | | | ― | | | | | 97,580 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 97,580 | | | | | | 2020 | | | | | — | | | | | — | | | | | 76,400 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 76,400 | | | |||||||||||||||||||
| | | 2018 | | | | | ― | | | | | ― | | | | | 54,320 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 54,320 | | | | | | 2019 | | | | | — | | | | | — | | | | | 97,580 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 97,580 | | |
Name | | Grant date | | | 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 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | 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 (#) | | | 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 ($/Sh) | | Grant date fair value of stock and option awards | | | Grant date | | Threshold ($) | | Target ($) | | Maximum ($) | | Threshold (#) | | Target(1) (#) | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 4,000 | | | | | ― | | | | | | 8/1/21 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 14,000 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 179,060 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
Mary Doyle | | | | 8/13/20 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 8,000 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 76,400 | | | | | | 8/1/21 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 8,000 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 102,320 | | | ||||||||||||||||||||||
Russell Schaub | | | | 8/13/20 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 8,000 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 76,400 | | | | | | 8/1/21 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 8,000 | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 102,320 | | |
Name | | | Option awards | | Stock awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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) ($) | | | Number of securities underlying unexercised options (#) exercisable | | Number of securities underlying unexercised options (#) unexercisable | | Equity incentive plan awards: number of securities underlying unexercised unearned options (#) | | Option exercise price ($) | | 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) ($) | | Equity incentive plan awards: number of unearned shares, units or other rights that have not vested (#) | | Equity incentive plan awards: market or payout value of unearned shares, units or other rights that have not vested(1) ($) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 16,000 | | | | | 204,520 | | | | | 16,000 | | | | | 204,520 | | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 21,333 | | | | | 269,580 | | | | | 21,333 | | | | | 204,520 | | | |||||||||||||||||||
Mary Doyle | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 14,000 | | | | | 159,560 | | | | | 14,000 | | | | | 159,560 | | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 15,667 | | | | | 185,780 | | | | | 15,667 | | | | | 185,780 | | | ||||||||||||||||||
Russell Schaub | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 14,000 | | | | | 159,560 | | | | | 14,000 | | | | | 159,560 | | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | ― | | | | | 15,667 | | | | | 185,780 | | | | | 15,667 | | | | | 185,780 | | |
Name | | | Option awards | | Stock awards | | ||||||||||||||||||||||||||||||||||||||||||||
| Option awards | | Stock awards | | ||||||||||||||||||||||||||||||||||||||||||||||
Name | | | Number of shares acquired on exercise (#) | | Value realized on exercise ($) | | Number of shares acquired on vesting (#) | | Value realized on vesting(1) ($) | | | Number of shares acquired on exercise (#) | | Value realized on exercise ($) | | Number of shares acquired on vesting (#) | | Value realized on vesting(1) ($) | | |||||||||||||||||||||||||||||||
| | | ― | | | | | ― | | | | | 13,000 | | | | | 180,317 | | | | | | ― | | | | | ― | | | | | 8,667 | | | | | 114,000 | | | |||||||||
Mary Doyle | | | | ― | | | | | ― | | | | | 5,000 | | | | | 69,233 | | | | | | ― | | | | | ― | | | | | 6,333 | | | | | 76,100 | | | ||||||||
Russell Schaub | | | | ― | | | | | ― | | | | | 5,000 | | | | | 69,233 | | | | | | ― | | | | | ― | | | | | 6,333 | | | | | 76,100 | | |
Plan | | | (a) Number of securities to be issued upon exercise of outstanding options, warrants and rights | | | (b) Weighted-average exercise price of outstanding options, warrants and rights | | | (c) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) | | |||||||||
2016 Equity Incentive Plan | | | | | ― | | | | | | ― | | | | | | | | |
2014 Director Equity Plan | | | | | ― | | | | | | ― | | | | | | | | |
Total | | | | | ― | | | | | | ― | | | | | | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Total ($) | | ||||||||||||||||||||||||
John C. Condas | | | | 60,000 | | | | | 37,891 | | | | | 97,891 | | | | | | 60,000 | | | | | 69,502 | | | | | 129,502 | | | ||||||
Paul Friedman | | | | 60,000 | | | | | 37,891 | | | | | 97,891 | | | | | | 60,000 | | | | | 69,502 | | | | | 129,502 | | | ||||||
Mary Haggerty | | | | — | | | | | — | | | | | — | | | | | | 45,000 | | | | | 55,462 | | | | | 100,462 | | | ||||||
Jonathan Bradford Handley, Jr | | | | 75,000 | | | | | 37,891 | | | | | 112,891 | | | | | | 75,000 | | | | | 69,502 | | | | | 144,502 | | | ||||||
J. Kirk Ogren, Jr | | | | 80,000 | | | | | 37,891 | | | | | 117,891 | | | | | | 80,000 | | | | | 69,502 | | | | | 149,502 | | |
| | Shares Beneficially Owned | | | Shares Beneficially Owned | | ||||||||||||||||||||
| | Number | | Percent | | | Number | | Percent | | ||||||||||||||||
Wellington Management Group LLP(1) | | | | 3,939,040 | | | | | 17.1% | | | | | | 3,959,961 | | | | | 17.1% | | | ||||
FMR LLC(2) | | | | 3,639,928 | | | | | 15.8% | | | | | | 3,587,111 | | | | | 15.5% | | | ||||
BlackRock Inc(3) | | | | 2,066,145 | | | | | 9.0% | | | | | | 2,111,437 | | | | | 9.1% | | | ||||
Ithan Creek Master Investors(4) | | | | 1,301,281 | | | | | 5.7% | | | |||||||||||||||
Almitas Capital LLC(5) | | | | 1,276,658 | | | | | 5.6% | | | |||||||||||||||
Almitas Capital LLC(4) | | | | 1,754,669 | | | | | 7.6% | | | |||||||||||||||
Ithan Creek Master Investors(5)(13) | | | | 1,322,202 | | | | | 5.7% | | | |||||||||||||||
Lawrence Mendelsohn(6)(7)(8)(9)(10)(11)(12)(13) | | | | 1,125,732 | | | | | 4.9% | | | | | | 945,084 | | | | | 4.1% | | | ||||
Aspen Yo LLC(10)(13) | | | | 927,343 | | | | | 4.0% | | | | | | 726,779 | | | | | 3.1% | | | ||||
Thetis Asset Management LLC(13) | | | | 564,960 | | | | | 2.5% | | | | | | 364,552 | | | | | 1.6% | | | ||||
Gregory Funding LLC | | | | 284,285 | | | | | 1.2% | | | | | | 284,285 | | | | | 1.2% | | | ||||
Russell Schaub(12)(14)(15)(16) | | | | 110,240 | | | | | * | | | | | | 124,060 | | | | | * | | | ||||
Jonathan Bradford Handley, Jr.(12)(17) | | | | 102,547 | | | | | * | | | | | | 119,551 | | | | | * | | | ||||
Mary Doyle(12) | | | | 84,802 | | | | | * | | | |||||||||||||||
GAFS | | | | 77,627 | | | | | * | | | | | | 77,627 | | | | | * | | | ||||
Mary Doyle(12) | | | | 68,273 | | | | | * | | | |||||||||||||||
J. Kirk Ogren, Jr.(12)(18)(19)(20) | | | | 43,005 | | | | | * | | | |||||||||||||||
Paul Friedman(12)(21) | | | | 21,244 | | | | | * | | | |||||||||||||||
J. Kirk Ogren, Jr.(12)(18)(19) | | | | 53,047 | | | | | * | | | |||||||||||||||
Paul Friedman(12)(20) | | | | 28,248 | | | | | * | | | |||||||||||||||
John C. Condas(12) | | | | 20,776 | | | | | * | | | | | | 27,780 | | | | | * | | | ||||
Mary Haggerty(22) | | | | 2,000 | | | | | * | | | |||||||||||||||
Steven L. Begleiter(23) | | | | — | | | | | * | | | |||||||||||||||
Executive officers and directors as a group (9 persons)(24) | | | | 1,493,817 | | | | | 6.5% | | | |||||||||||||||
Mary Haggerty(12) | | | | 5,004 | | | | | * | | | |||||||||||||||
Steven L. Begleiter(21) | | | | — | | | | | * | | | |||||||||||||||
Executive officers and directors as a group (9 persons)(22) | | | | 1,387,575 | | | | | 6.0% | | |
| | | Shares Beneficially Owned | | | Shares Beneficially Owned | | |||||||||||||||||||
| Number | | Percent | | | Number | | Percent | | |||||||||||||||||
Magnetar Structured Credit Fund LP(1) | | | | 708,400 | | | | | 30.8% | | | | | | 708,400 | | | | | 30.8% | | | ||||
Flexpoint Special Assets Fund LP(2) | | | | 400,000 | | | | | 17.3% | | | | | | 400,000 | | | | | 17.3% | | | ||||
Cede & Co (Fast Account)(3) | | | | 340,000 | | | | | 14.7% | | | | | | 340,000 | | | | | 14.7% | | | ||||
Magnetar Longhorn Fund LP(1) | | | | 327,600 | | | | | 14.2% | | | | | | 327,600 | | | | | 14.2% | | | ||||
Purpose Credit Alternative Fund – F LLC(1) | | | | 250,000 | | | | | 10.8% | | | | | | 250,000 | | | | | 10.8% | | | ||||
Magnetar Constellation Fund V LLC(1) | | | | 156,400 | | | | | 6.8% | | | | | | 156,400 | | | | | 6.8% | | | ||||
Purpose Credit Alternative Fund – T LLC(1) | | | | 125,000 | | | | | 5.4% | | | | | | 125,000 | | | | | 5.4% | | |
| | | Shares Beneficially Owned | | | Shares Beneficially Owned | | |||||||||||||||||||
| Number | | Percent | | | Number | | Percent | | |||||||||||||||||
Magnetar Xing He Master Fund LTD(1) | | | | 1,200,000 | | | | | 41.4% | | | | | | 1,200,000 | | | | | 41.4% | | | ||||
Magnetar SC Fund LTD(1) | | | | 1,040,000 | | | | | 36.0% | | | | | | 1,040,000 | | | | | 36.0% | | | ||||
Magnetar Constellation Master Fund LTD(1) | | | | 425,000 | | | | | 14.7% | | | | | | 425,000 | | | | | 14.7% | | | ||||
Magnetar Constellation Master Fund V LTD(1) | | | | 227,600 | | | | | 7.9% | | | | | | 227,600 | | | | | 7.9% | | |