Ellington Financial Inc.
For the period ended Dec 31, 2025. Filed Apr 9, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2025 · Filed Apr 9, 2026
Contents
Summary Compensation Table
The following table sets forth the compensation paid to the Compensated NEOs for services they rendered to us during the fiscal years presented. NEOs who did not receive any compensation for their services rendered to us in the fiscal years presented have been omitted from the table.
| Name and Principal Position | Year | Salary(1) | Bonus(2) | Stock Awards(3) | All Other Compensation(4) | Total |
|---|---|---|---|---|---|---|
| JR Herlihy Chief Financial Officer | 2025 | $249,375 | $342,221 | $500,005 | $60,623 | $1,152,224 |
| 2024 | 206,150 | 473,530 | 332,501 | 52,708 | 1,064,889 | |
| 2023 | 249,000 | 434,595 | 311,259 | 57,666 | 1,052,520 | |
| Christopher SmernoffChief Accounting Officer | 2025 | 223,000 | 172,767 | 250,010 | 32,158 | 677,935 |
| 2024 | 215,833 | 257,168 | 185,001 | 24,958 | 682,960 | |
| 2023 | 226,575 | 224,019 | 146,860 | 26,418 | 623,872 |
(1)Reflects the portion of the executive officer's salary that we were required to reimburse to the Manager.
(2)Reflects the portion of the executive officer's bonuses that were earned in the relevant year and that we are required to reimburse to the Manager. For example, Messrs. Herlihy and Smernoff earned the remainder of their deferred 2024 cash bonuses ($106,400 for Mr. Herlihy and $30,833 for Mr. Smernoff) on December 31, 2025. Approximately 34% of Mr. Herlihy's and approximately 20% of Mr. Smernoff's 2025 cash bonus ($119,179 for Mr. Herlihy and $35,483 for Mr. Smernoff) will not be earned until December 31, 2026 and in accordance with SEC rules has not been included in this table.
(3)Represents the aggregate grant date fair value of OP LTIP Units granted to our NEOs pursuant to the 2017 Plan. The aggregate grant date fair value was calculated in accordance with FASB ASC Topic 718 based on the closing sale price for our Common Shares on the NYSE on the date of grant and disregarding estimated forfeitures. See "Note 2—Significant Accounting Policies" to the notes to consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, for additional information regarding the assumptions underlying such calculation.
(4)Amounts reflect dividends paid to the executive officers in respect of their unvested OP LTIP Units in each respective year.
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