Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 110

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 110
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, the last trading day of the 2024 fiscal year, and (iii) the value of Ms. Nario-Eng's unvested 2022 RSU, 2023 RSU and 2024 RSU awards, determined by multiplying the number of shares of common stock underlying the respective unvested RSUs by $6.06, the closing sale price for our common stock on December 31, 2024, the last trading day of the 2024 fiscal year.

(2) Represents annual target incentive compensation for each of Messrs. Serrano and Mah and Ms. Nario-Eng under the 2024 Annual Incentive Plan in accordance with the respective NEO's employment agreement.

(3) Represents the value of the health care benefits that are payable by the Company on each respective NEO's behalf pursuant to his or her employment agreement with us.

Payments Due Upon Change In Control (1)

| Name                  |     | Salary |   |     | Bonus |   |     | Stock Awards |   |     | Option Awards |   |     | Non-Equity Incentive Plan Compensation |   |     | All Other Compensation |   |     | Benefits |   |     | Total |   |
|:----------------------|:----|:-------|:--|:----|:------|:--|:----|:-------------|:--|:----|:--------------|:--|:----|:---------------------------------------|:--|:----|:-----------------------|:--|:----|:---------|:--|:----|:------|:--|
| Jason T. Serrano      |     | $      | — |     | $     | — |     | $            | — |     | $             | — |     | $                                      | — |     | $                      | — |     | $        | — |     | $     | — |
| Nicholas Mah          |     | $      | — |     | $     | — |     | $            | — |     | $             | — |     | $                                      | — |     | $                      | — |     | $        | — |     | $     | — |
| Kristine R. Nario-Eng |     | $      | — |     | $     | — |     | $            | — |     | $             | — |     | $                                      | — |     | $                      | — |