Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 74

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 74
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 in 2024 with an aggregate grant date fair value of approximately $1,390,000.

| 3. | Amounts in this column represent the cash payment made to each of Mr. Knutson, Mr. Kristjansson and Mr. Wulfsohn in respect of the Formulaic Bonus portion of his respective annual incentive award. (Mr. Kristjansson did not receive any bonus for 2024 as a result of his termination of employment.) For 2024, the amount of the Formulaic Bonus was based on (a) Adjusted GAAP ROAE and (b) Adjusted Distributable Earnings ROAE as evaluated on both an absolute basis and a relative basis compared to a peer group of companies. See pages40to44of this Proxy Statement for additional information regarding the Formulaic Bonus for 2024, including the Adjusted GAAP ROAE Bonus, the Distributable Earnings ROAE Bonus and the Relative DE ROAE Bonus, which are the three components of the Formulaic Bonus. For 2023 and 2022, the amount of the Formulaic Bonus was based on (a) Adjusted GAAP ROAE and (b) Adjusted Distributable Earnings ROAE evaluated on an absolute basis. |

| MFA Financial, Inc. | 56 | 2025 Proxy Statement |

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| 4. | Amounts in this column represent the employer matching contributions under the 401(k) Plan in the amount of $13,800 for 2024, $13,200 for 2023 and $12,200 for 2022, in each case credited to each of the Named Executive Officers. For Mr. Kristjansson, amount also includes the following amounts paid (or to be paid) under the terms of his employment agreement in connection with his termination of employment (without cause) by the Company, effective November 22, 2024: (i) cash severance in the aggregate amount of $2,540,625 payable through May 2026 in accordance with our usual payroll practices and (ii) reimbursement of up to $54,648 for health insurance premiums for Mr. Kristjansson and his family for the twelve-month period through November 2025 to the extent Mr. Kristjansson is not eligible to participate in the health insurance plan of a subsequent employer. |

| MFA Financial, Inc. | 57 | 2025 Proxy Statement |

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2024 Grants of Plan-Based Awards