Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 72

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 72
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 is terminated under certain circumstances. Each of our NEOs is subject to an employment agreement. For more information regarding the terms of these agreements, see “—Other Compensation Arrangements—Employment Agreements" and "—Other Compensation Arrangements—Change in Control Agreements.” The terms of these agreements are considered annually by the Compensation Committee.

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Elements of Cash Compensation Paid to and Equity Awards Vested in NEOs During 2024

The following table summarizes the various elements of cash compensation paid to our NEOs and equity awards in which our NEOs vested during 2024, some of which were granted in prior years. Due to the SEC’s reporting requirements, the information set forth in the table below may not correspond with the amounts included in the “Summary Compensation Table” below or in "Compensation Actually Paid" column under the "Pay Versus Performance Table" below. However, because we utilize PSUs that may or may not be earned in the future and other equity awards that vest, in most cases, ratably over a three year period and thus remain subject to forfeiture, we believe the following summary may be a more accurate reflection of the actual annual compensation received by our NEOs over time (based on cash received combined with the value of equity awards that become vested and non-forfeitable by their terms during the year).

| NEO                   |     | 2024 Base Salary |     | 2024 Annual Incentive Plan (Cash)(1) |         |     | 2022 Annual Incentive Plan (Restricted Stock Vested)(2) |        |     | 2021 Annual Incentive Plan (Restricted Stock Vested)(2) |         |     | 2020 Annual Incentive Plan (Restricted Stock Vested)(2) |        |     | 2022 Long-Term EIP (PSUs Earned)(3) |   |     | 2023 Long-Term EIP (RSUs Vested)(3) |         |     | 2022 Long-Term EIP (RSUs Vested)(3) |         |     | 2021 Long-Term EIP (RSUs Vested)(3) |        |     | All Other Compensation(4) |         |     | Total Cash Compensation Paid and Equity Vested During 2024(5) |           |
|:----------------------|:----|-----------------:|:----|:-------------------------------------|--------:|:----|:--------------------------------------------------------|