Company: CHMI-PB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001140361-25-014748
Chunk: 50

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 50
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 agreement. See also “Summary Compensation Table” above. |

| (2) | Represents shares of common stock that were granted to Mr. Hutchby pursuant to our 2023 Plan. Of the 7,712 shares, 3,229 shares were withheld to satisfy tax withholding requirements. The shares were vested and nonforfeitable as of the grant date. See also “Summary Compensation Table” above. |

| (3) | The amounts in this column represent the aggregate grant date fair value of the awards computed in accordance with FASB ASC Topic 718, disregarding estimated forfeitures. For additional information regarding the valuation of LTIP Units, see Note 6 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024. |

36

TABLE OF CONTENTS

Outstanding Equity Awards at December 31, 2024 The following table sets forth information concerning equity incentive plan awards for each of our NEOs outstanding at December 31, 2024.

| Name               |     | Number of Shares That Have 
              Not Vested(1) |     |   Market Value of Share 
 That Have Not Vested(2) |
| Jeffrey B. Lown II |     |                     28,599 |     |                 $75,501 |
| Michael A. Hutchby |     |                     26,466 |     |                 $69,870 |
| Julian B. Evans    |     |                     25,491 |     |                 $67,296 |

| (1) | Represents shares of common stock underlying unvested LTIP Units granted to our NEOs pursuant to our 2023 and 2013 Plans. The LTIP Units will vest ratably over the three-year period beginning on the one-year anniversary of the grant date, subject to continued employment. Vesting dates of these shares are January 3, 2025, January 10, 2025, January 16, 2025, January 10, 2026, January 16, 2026, and January 16, 2027. |

| (2) | Pursuant to SEC rules, for purposes of this table the market value per share of common stock underlying unvested LTIP Units is assumed to be $2.64, which was the closing market price per share of our common stock on December 31, 2024. |

| Name               |     |       Number of Shares