Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 85

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 85
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200 |     | January 1, 2025  |     |             |  4,200 |     | —                |     |             |      — |     | —               |     |             |      — |
| RSU                                   |     | April 25, 2023   |     |              |  29,297 |     |                                                         |  19,531 |     | January 1, 2025  |     |             |  9,766 |     | January 1, 2026  |     |             |  9,765 |     | —               |     |             |      — |
| RSU                                   |     | April 10, 2024   |     |              |  36,928 |     |                                                         |  36,928 |     | January 1, 2024  |     |             | 12,310 |     | January 1, 2025  |     |             | 12,309 |     | January 1, 2026 |     |             | 12,309 |
|                                       |     |                  |     |              |         |     |                                                         |  68,792 |     |                  |     |             |        |     |                  |     |             |        |     |                 |     |             |        |

(a) RSA refers to restricted stock awards. RSU refers to restricted stock units.

(2) Value is determined by multiplying the number of unvested shares of restricted stock or shares of common stock underlying unvested RSUs or PSUs, as the case may be, by $6.06, the closing sale price for our common stock on December 31, 2024, the last trading day of the 2024 fiscal year.

(3) Table below details grants to NEOs as part of compensation packages, the number of shares of common stock underlying the unearned PSUs granted to our NEOs at target performance levels as of December 31, 2024 and the performance period end date schedule (provided the NEO remains employed by us as of such dates and that performance levels are met). See "—Other Compensation Arrangements" for information regarding the various forfeiture and vesting provisions under the form of award agreements for our equity awards.

| 76 |

| Named Executive Officer/Award Type(a) |     | Grant Date     |     | Equity Incentive Plan Awards: Number of Unearned