Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 46

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 46
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 analytics tools. Ms. Sung was determined to have achieved at 160% of her target level for her role in the Company’s achievements,
as outlined above in “—2024 Performance Highlights.” In addition, the compensation committee noted Ms. Sung’s
role in supporting the Company’s capital markets activities, corporate transactions and other business activities, advising on public
company disclosures, governance and compliance matters, facilitating the Board function and enhancing the Board’s interactions with
management, and successfully integrating Palisades’ legal function into the Company’s existing legal department. The compensation
committee also noted the leadership of each named executive officer in managing personnel and continuing to improve operations and processes
to better position the Company for the future.

Based on the results of the
ROE and Economic Return components for the Annual Cash Bonus Measurement Period and each named executive officer’s achievement of
the strategic goals during the 2024 calendar year, the amount of Annual Cash Bonus earned and paid to the named executive officers ranged
from 166% to 189% of target, as reflected in the table below and also included in the Summary Compensation Table as 2024 compensation
under the “Non-Equity Incentive Plan” column:

| 2024 Annual Cash Bonus  |                        |                        |
| Name                    | 2024 Annual Cash Bonus 
                 Target | 2024 Annual Cash Bonus 
                 Actual |
| Phillip J. Kardis II    |             $1,750,000 |             $3,302,163 |
| Subramaniam Viswanathan |               $750,000 |             $1,358,963 |
| Dan Thakkar             |               $500,000 |               $830,975 |
| Miyun Sung              |               $250,000 |               $441,738 |

Fixed LTI Bonus (RSU Award).
In accordance with the Employment Agreements in effect during 2024, each named executive officer received an annual “Fixed LTI”
RSU bonus based on the fixed amount set forth on the chart below. The RSUs were granted in early 2024 and vest ratably over three years
subject to the executive’s continued employment. The number of RSUs granted is based on the dollar value of the award and the average
daily volume weighted average price (“VWAP”) for the Company’s common stock for the 20 consecutive trading days ending
on December 29, 2023. Proxy disclosure rules require us to report the grant date fair value of our