Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 23

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 23
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 a one-for-one basis after an initial five-year deferral period (subject to an additional five-year deferral if the director so elects).

| MFA Financial, Inc. | 17 | 2025 Proxy Statement |

TABLE OF CONTENTS

The following table summarizes the compensation of our Non-Employee Directors for the year ended December 31, 2024. 2024 Non-Employee Director Compensation

| Name                       |     | Fees Earned or 
   Paid in Cash 
           $(1) |     |  Stock/RSU 
 Awards$(2) |     |   Total 
    $(3) |
| Laurie S. Goodman          |     |        120,000 |     |    265,000 |     | 385,000 |
| Robin Josephs              |     |        150,000 |     |    150,000 |     | 300,000 |
| Francis J. Oelerich III(4) |     |        150,000 |     |    150,000 |     | 300,000 |
| Lisa Polsky                |     |        135,000 |     |    150,000 |     | 285,000 |
| Christopher Small(4)       |     |              — |     |          — |     |       — |
| Sheila A. Stamps           |     |        120,000 |     |    150,000 |     | 270,000 |
| Richard C. Wald            |     |        120,000 |     |    150,000 |     | 270,000 |

| 1. | Amounts in this column represent, as applicable, the annual board retainer fees, annual committee chair fees and committee membership fees earned or paid to Non-Employee Directors for service in 2024. For Ms. Goodman and Mr. Wald, amount includes cash fees that the director elected to defer under the Non-Employee Directors Plan. |

| 2. | Amounts in this column represent the aggregate grant date fair value of such stock or RSU awards computed in accordance with FASB ASC Topic 718. During 2024, each Non-Employee Director was granted 13,941 fully-vested RSUs on June 5, 2024 (based on a price per share of $10.76, which was the closing price of the Common Stock on such day). In addition, Ms. Goodman, our non-executive Board