Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 37

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 37
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 Co-Controller. Mrs. Seemungal was appointed Co-Controller effective December 2021. Mrs. Seemungal joined MFA in 2009 as an Accounting Analyst, and has served in various positions of progressive responsibility, including most recently as MFA’s Assistant Controller. Prior to joining MFA, Mrs. Seemungal began her career at The Estee Lauder Companies. Mrs. Seemungal holds a B.S and M.S in Accounting from St. John’s University College of Business Administration.

| MFA Financial, Inc. | 31 | 2025 Proxy Statement |

TABLE OF CONTENTS

Executive Compensation Compensation Discussion and Analysis (“CD&A”) Introduction The following section discusses the key features of our executive compensation program and the approach taken by the Compensation Committee of the Board in setting and determining compensation for 2024 for:

| • | Craig L. Knutson, our Chief Executive Officer; |

| • | Bryan Wulfsohn, our President and Chief Investment Officer; |

| • | Michael C. Roper, one of our Senior Vice Presidents and our Chief Financial Officer; and |

| • | Lori R. Samuels, one of our Senior Vice Presidents and our Chief Loan Operations Officer; |

| • | Harold E. Schwartz, one of our Senior Vice Presidents and our General Counsel and Secretary (collectively, our “Named Executive Officers”). |

Per the rules of the SEC, we are also including in this CD&A and the compensation tables that follow information relating to the compensation and severance benefits paid or to be paid to our former Senior Vice President and Co-Chief Investment Officer, Gudmundur Kristjansson, whose employment with MFA was terminated by the Company effective November 22, 2024. The Compensation Committee oversees the design and administration of our compensation programs and makes decisions relating to the compensation of our Named Executive Officers. The Compensation Committee intends that the compensation paid to the Named Executive Officers be consistent with our overall compensation philosophy, as well as competitive with market practices. The sections that follow describe:

| • | The Compensation Committee’s process for reviewing the components of the compensation of the Named Executive Officers. |

| • | The reasons for paying each element of compensation to the Named Executives Officers, including the methodology for competitive benchmarking and the use of peer groups. |

| • | How compensation levels are determined, including the performance measures used for performance-based compensation and factors taken into account in the Compensation Committee’s determination that those measures are appropriate. |

2024 Compensation Summary