Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 81

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 81
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 2024 performance period, up to $1,000,000 in the case of Mr. Knutson and up to $550,000 in the case of Mr. Wulfsohn).

| MFA Financial, Inc. | 63 | 2025 Proxy Statement |

TABLE OF CONTENTS The actual amount of the IRM Bonus to be paid to the executive is determined by the Compensation Committee in its discretion based upon any factors it deems relevant and appropriate, including, without limitation, the executive’s individual performance. Equity Awards (LTIAs) Under his respective Employment Agreement, each of Mr. Knutson and Mr. Wulfsohn. is entitled to receive an annual grant of each of TRSUs and PRSUs. TRSUs. For 2024, the Compensation Committee granted to Mr. Knutson TRSUs with an aggregate grant date value of approximately $1,600,000 and granted to Mr. Wulfsohn TRSUs with an aggregate grant date value of approximately $690,000. Subject to exceptions in certain circumstances described below in “Potential Payments upon Termination of Employment or Change in Control,” each grant of TRSUs to be granted to Mr. Knutson and Mr. Wulfsohn will vest on the third December 31st to occur following the date of grant, subject to the executive’s continued employment with the Company. In addition, subject to exceptions in certain circumstances described below (see “Potential Payments upon Termination of Employment or Change in Control”), unvested TRSUs will be forfeited as of the date of the executive’s termination of employment with the Company. Upon vesting, each executive will receive one share of MFA Common Stock for each TRSU that vests. Under the terms of the Employment Agreements, the Compensation Committee may increase or decrease the aggregate grant date value for any annual grant of TRSUs as compared to a grant made in a prior year. With respect to the grants made to the executives in 2024, the executives receive dividend equivalent payments in respect of the TRSUs as and when dividends are paid on our Common Stock during the period in which TRSUs are outstanding. PRSUs. For 2024, the Compensation Committee granted to Mr. Knutson PRSUs with an aggregate grant date value of approximately $2,400,000 and granted to Mr. Wulfsohn PRSUs with an aggregate grant date value of approximately $1,035,000 (for each