Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 24

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 24
---
 Chair, was granted an additional 10,687 fully-vested RSUs on June 5, 2024 (based on the same price). The right to receive dividend equivalents was factored into the grant date fair value of the fully-vested RSUs reported in this column. A discussion of the assumptions underlying the calculation of RSU values may be found in Note 12 to our Consolidated Financial Statements on pages 109 to 113 of our 2024 Annual Report on Form 10-K. |

| 3. | Total compensation for Non-Employee Directors does not include dividend equivalents (which consist of a cash distribution equal to the cash dividend paid on a share of Common Stock) paid during 2024 in respect of the fully-vested RSUs granted to each of Ms. Goodman, Ms. Josephs, Mr. Oelerich, Ms. Polsky, Ms. Stamps and Mr. Wald. |

| 4. | Mr. Oelerich served on the Board until his death in December 2024. Mr. Small was elected to the Board in March 2025 to fill the vacancy created by Mr. Oelerich’s passing. |

The following table summarizes certain additional information regarding cash amounts deferred by our Non-Employee Directors participating in the Non-Employee Directors Plan as of December 31, 2024.

| Name          |     | Fair Market Value of 
  Deferred Amounts at 
      Jan. 1, 2024(1) 
                    $ |     | Cash Distribution 
 Jan. 15, 2024     
 $                 |     | Remaining Deferred 
       Amount after 
      Jan. 15, 2024 
    Distribution(2) 
                  $ |     | Fair Market Value of 
  Deferred Amounts at 
     Dec. 31, 2024(3) 
                    $ |
| L. S. Goodman |     |              883,854 |     | —                 |     |            883,854 |     |              972,537 |
| R. Josephs    |     |              525,593 |     | —                 |     |            525,593 |     |              536,373 |
| L. Polsky     |     |              282,234 |     | —                 |     |            282,234 |     |              288,023 |
| R. C. Wald    |     |              419,996 |     | —