Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 71

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 71
---
U includes a corresponding DER, which DER will remain outstanding from the date of grant until the earlier of the settlement or forfeiture of the 2024 RSU. Each vested DER entitles the NEO to receive payments, subject to and in accordance with the 2017 Stock Plan and the RSU Agreement for such award, in an amount equal to any dividends paid by us in respect of the shares of common stock underlying the 2024 RSUs.

For purposes of the 2024 PSUs, the "identified performance peer group" means:

| AG Mortgage Investment Trust, Inc.          |     | MFA Financial, Inc.                |
| AGNC Investment Corp                        |     | Orchid Island Capital, Inc.        |
| Annaly Capital Management Inc.              |     | PennyMac Mortgage Investment Trust |
| ARMOUR Residential REIT, Inc.               |     | Ready Capital Corp.                |
| Cherry Hill Mortgage Investment Corporation |     | Redwood Trust, Inc.                |
| Chimera Investment Corporation              |     | Rithm Capital Corp                 |
| Dynex Capital, Inc.                         |     | Rithm Property Trust Inc.          |
| Ellington Financial Inc.                    |     | Two Harbors Investment Corp.       |
| Invesco Mortgage Capital Inc.               |     |                                    |

For information regarding the various forfeiture and vesting provisions under the form of PSU Agreement governing the 2024 PSUs and the form of RSU Agreement governing the 2024 RSUs, see “—Executive Compensation Information—Other Compensation Arrangements.”

Other Executive Compensation Program Features for 2024

Benefits

Benefits are also established based upon a determination of what is needed to aid in attracting and retaining executive talent, as well as providing long-term financial security to our employees and their families. Our NEOs are eligible to participate in our health, dental and vision plans, and various insurance plans, including disability and life insurance, and in our 401(k) plan. The primary benefits for our NEOs are receipt of dividends on all unvested restricted stock awards.

Severance Benefits Payable Upon Termination of Employment or a Change in Control

In order to achieve our compensation objective of attracting, retaining and motivating qualified senior executives, we believe that we need to provide our executive officers with severance protections that are consistent with the severance protections offered by companies similar to us. Consistent with this philosophy, we believe that severance should be payable to our executive officers in the event his or her employment