Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 67

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 67
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olicitation restrictions.

<div align='center'>CEO Compensation Pay Ratio</div>

As required by applicable law,
we determined that the 2024 total compensation of Phillip J. Kardis II, our Chief Executive Officer, of $6,790,329, as shown in the Summary
Compensation Table above (the “CEO Compensation”), was approximately 25.2 times the total compensation of a median employee
in 2024 of $269,500.

We identified the median employee
using the annual base salary and expected bonus, as of December 31, 2024, plus any incentive stock awards granted in 2024 for all individuals,
excluding our Chief Executive Officer, who were employed by us on December 31, 2024. After identifying the median employee, we calculated
annual total compensation for such employee using the same methodology we use for our CEO Compensation.

The CEO pay ratio reported above
is a reasonable estimate calculated in a manner consistent with SEC rules based on the methodologies and assumptions described above.
SEC rules for identifying the median employee and determining the CEO pay ratio permit companies to employ a wide range of methodologies,
estimates and assumptions. As a result, the CEO pay ratios reported by other companies, which may have employed other permitted methodologies
or assumptions and which may have a significantly different work force structure from ours, may not be comparable to our CEO pay ratio.

<div align='center'>40</div>

| Pay versus Performance                                                                                                               |                      |            |                       |            |              |               |                       |       |              |       |
| As                                                                                                                                   
 required by SEC rules, we are providing the following information about the relationship between executive compensation actually     
 paid and certain financial performance of the Company. For further information concerning the Company’s variable pay-for-performance 
 philosophy and how the Company’s aligns executive compensation with the Company’s performance, refer to “Executive                   
 Compensation – Compensation Discussion and Analysis.”                                                                                |                      |            |                       |            |              |               |                       |       |              |       |
| Year                                                                                                                                 |              Summary 
         Compensation 
 Table Total for PEO1 |            |          Compensation 
 Actually Paid to PEO2 |            |      Average 
      Summary 
 Compensation 
        Table 
    Total for 
      Non-PEO 
        NEOs3 |       Average 
  Compensation 
 Actually Paid 
    to Non-PEO 
         NEOs4 |                 Value 
 of Initial Fixed $100 
  Investment Based On: |       |          Net 
       Income