Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 71

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 71
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 Total                                                      |                1,979,096 |                      |                    5,144,681 |

| (1) | Includes unvested RSUs, PSUs, DSUs and related dividends. |

| (2) | Available shares are reduced by the items outstanding in column 1 plus shares previously vested and issued net of units withheld to 
 cover tax withholding requirements.                                                                                                 |

| (3) | We do not have any equity plans that have not been approved by our stockholders. |

| COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION |

Our compensation committee is comprised solely of the following
independent directors: Mr. Creagh (chair), Mr. Chavers and Ms. Still. None of these directors is serving or has served as an officer
or employee of us or any affiliate or has any other business relationship or affiliation with us, except his or her service as a director.
No member of the compensation committee has had any relationship with us requiring disclosure under Item 404 of Regulation S-K. During
2024, none of our executive officers served on the compensation committee (or other committee serving an equivalent function) of another
entity whose executive officers served on the compensation committee or Board.

| COMPENSATION 
 OF DIRECTORS |

Overview and Process

We compensate only those directors
who are independent under the NYSE listing standards. Any member of our Board of Directors who is an employee of ours is not considered
independent under the NYSE listing standards and did not (and will not) receive additional compensation for serving on our Board of Directors.

Our compensation committee, together
with FW Cook, a nationally recognized compensation consulting firm retained by our Board of Directors, reviews the components of the compensation
arrangements offered to our independent directors. As part of this process, our compensation committee considers, among other things,
the duties and responsibilities associated with the position of each director and emerging trends and best practices in director compensation.

The compensation committee will,
on an ongoing basis, continue to examine and assess our director compensation practices relative to our compensation philosophy and objectives,
as well as competitive market practices and total stockholder returns, and will make modifications to the compensation programs, as deemed
appropriate. The compensation committee also considers the compensation of boards of directors of the same group of peer companies that
the committee considers for the compensation of our named executive officers.

Amount and Form of Director Compensation

Based upon the recommendations
of FW Cook, among other things, and our compensation committee’s review of FW Cook