Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 42

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 42
---
 form of dividends. Providing RSUs and PSUs
as part of our compensation mix encourages retention and aligns the interests of the named executive officers with the long-term interests
of our stockholders.

The compensation committee, exercising
its discretion under the Employment Agreements, established performance metrics for the 2024 annual cash bonus as ROE, Economic Return
and individual performance, weighted 35%, 35% and 30%, respectively. The following chart and discussion summarize the 2024 target incentive
award and the three components for our named executive officers.

| 2024 Incentive Compensation Targets per Employment Agreements |                  |                 |                |                  |
|                                                               | 2024 Annual Cash | Fixed LTI Bonus | LTI Bonus (PSU |     Total target |
| Name                                                          |            Bonus |      -RSU award |         award) | Incentive award* |
| Phillip J. Kardis II                                          |       $1,750,000 |      $1,400,000 |     $1,400,000 |       $4,550,000 |
| Subramaniam Viswanathan                                       |         $750,000 |        $650,000 |       $650,000 |       $2,050,000 |
| Dan Thakkar                                                   |         $500,000 |        $500,000 |       $500,000 |       $1,500,000 |
| Miyun Sung                                                    |         $250,000 |        $200,000 |       $200,000 |         $650,000 |

*The total target incentive award
is subject to review and potential adjustment by the compensation committee.

2024 Annual Cash Bonus.
The amount of the annual cash bonus for 2024 was determined based 35% on Relative ROE performance with cap based on the Company’s
ROE performance for the Annual Cash Bonus Measurement Period, 35% on Relative Economic Return performance with cap based on the Company’s
Economic Return performance for the Annual Cash Bonus Measurement Period, and 30% based on achievement of the strategic goals by each
named executive officer during the 2024 calendar year.

The annual cash bonus earned
for the year is payable in cash between December 1, 2024 and January 30, 2025. We use the four quarters starting in the fourth quarter
of the prior year and through the third quarter of the most recent year in order to timely settle annual cash bonuses, as we would not