Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 376

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 376
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 first year of employment, we match up to 6% of eligible compensation at 100% of the employee's contributions. Also, after their first year of employment, employees receive an additional employer contribution to our Thrift/401(k) Plan equal to 2.5% of compensation earned in the prior year. Employee contributions, our matching contributions, and the 2.5% employer contribution are invested in accordance with the employee's investment elections and are immediately vested. For additional information regarding the SERP Benefit, see Executive Compensation - 2024 Compensation Information for NEOs - Nonqualified Deferred Compensation.

Perquisites are valued at their aggregate incremental cost to us. During the years reported, the aggregate value of perquisites received by any NEO was less than $10,000, except for Ms. Reid, who, in 2024, was reimbursed $22,950 for relocation expenses. Therefore, in accordance with SEC rules, amounts shown under "All Other Compensation" do not include perquisites, other than for Ms. Reid.  

For Messrs. Lown and DeVito, the amount reported in "Other" reflects the payment of accrued unused vacation hours payable upon termination of employment pursuant to the terms of the company's vacation policy.

(6)Pursuant to SEC reporting requirements, because Ms. Reid first became an NEO in 2024, information for 2023 and 2022 is not required to be disclosed.

(7)Pursuant to SEC reporting requirements, because Mr. Whitlinger first became an NEO in 2024, information for 2023 and 2022 is not required to be disclosed. Amounts shown reflect compensation earned while serving as SVP – Single-Family CFO (all of 2024) as well as SVP - Interim CFO (from June 29, 2024, to December 31, 2024). 

(8)Pursuant to SEC reporting requirements, because Ms. Mason first became an NEO in 2023, information for 2022 is not required to be disclosed.

(9)Pursuant to SEC reporting requirements, because Mr. Mittal first became an NEO in 2024, information for 2023 and 2022 is not required to be disclosed. Amounts shown reflect compensation earned while serving as SVP - Single-Family Acquisitions (all of 2024).

(10)Amounts shown reflect compensation earned while serving as EVP – Chief Administrative Officer (from January 1, 2024