Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 58

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 58
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 performance period. Any PRSUs that vest are subject to an additional one year deferral prior to settlement, subject to accelerated payout under certain circumstances. Dividend equivalents are not paid in respect of the PRSUs during the performance period. Rather, dividend equivalents accrue with respect to the PRSUs during the performance period, and to the extent that the underlying PRSUs vest, an amount equal to the accrued dividend equivalents related to the vested PRSUs will be paid to each executive in the form of additional shares of our Common Stock based on the closing price of the Common Stock on the vesting date.

| MFA Financial, Inc. | 45 | 2025 Proxy Statement |

TABLE OF CONTENTS

2024 Compensation Decisions The following discussion addresses the actions taken by the Compensation Committee during 2024 regarding the base salaries, annual incentives and long-term equity awards for the Named Executive Officers. Base Salary The Compensation Committee believes that the annual base salary paid in 2024 to each of the Named Executive Officers appropriately reflected the scope of the role and responsibilities of the applicable position, individual performance and experience and competitive market practices. The annual base salary for each of the Named Executive Officers during 2024 is set forth in the table below. The amount paid to each of Mr. Knutson, Mr. Wulfsohn and Mr. Schwartz reflected no adjustment to his base salary as compared to his base salary for 2023. The amount paid to Mr. Roper reflected an increase of $125,000 to each his base salary as compared to 2023, which the Compensation Committee determined to be appropriate following a review of market data.

| Executive          |     | 2024 Base Salary 
                $ |
| Craig L. Knutson   |     |          800,000 |
| Bryan Wulfsohn     |     |          625,000 |
| Michael C. Roper   |     |          475,000 |
| Lori R. Samuels    |     |          325,000 |
| Harold E. Schwartz |     |          475,000 |

Annual Incentives Mr. Knutson and Mr. Wulfsohn . The annual incentive award opportunity for each of Mr. Knutson and Mr. Wulfsohn consisted of both the Formulaic Bonus (see pages 40to 44above) and the discretionary IRM Bonus (see page 44above). A discussion of the Compensation Committee’s determination of each of these components is set