Company: CHMI-PB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001140361-25-014748
Chunk: 35

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 35
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 NEO is being paid the same amount and form of compensation as was previously paid to him under the prior employment arrangement with Freedom Mortgage, to ensure retention and business continuity during our transition to being an internally managed company. Our NEOs are eligible to participate in any equity and non-equity incentive plans approved by the Compensation Committee and they may receive an annual discretionary cash bonus at year-end, subject to the terms of any bonus plan approved by the Compensation Committee. The payment of equity and non-equity incentive plan compensation and discretionary cash bonuses in future years is not guaranteed, and each executive officer must be employed by the Company on the date any such compensation is paid to be eligible to receive it. In addition to discretionary cash bonuses, we paid Mr. Evans a cash bonus of $275,000 in the first quarter of 2025 pursuant to the terms of a certain offer letter dated November 14, 2024. Equity-Based Compensation Our NEOs are eligible to receive equity compensation from us. Equity compensation that we award to our NEOs from time to time is determined by the Compensation Committee, which consists solely of independent directors, in accordance with our equity incentive plan. When we refer to our equity incentive plan, we mean our 2013 Equity Incentive Plan (the “2013 Plan”) for periods prior to June 15, 2023 and our 2023 Plan, which replaced our 2013 Plan, for periods on and after June 15, 2023. As described in more detail in the following sections, we believe that the utilization of our equity incentive plan effectively align the interests of our NEOs with those of our stockholders. What We Do; What We Don’t Do

| What We Do |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| ✔          |     | For the period from the effective date of the Internalization through the end of 2025, Mr. Lown will receive an initial annual base salary of $1,235,000, Mr. Hutchby will receive an initial annual base salary of $600,000 and Mr. Evans will receive an initial annual base salary of $550,000. As part of our transition to being an internally managed company, the Compensation Committee sought to ensure that compensation structures continued to incentivize and retain key personnel while positioning us for long-term success. |

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| ✔                |     | Beginning January 2026, our NEOs will be eligible to participate in certain equity and non-equity incentive plans approved by the Compensation