Company: RITM-PC
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033195
Chunk: 43

Company: Rithm Capital Corp.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 43
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 interests. In addition, the Compensation Committee increased the portion of the target value that was awarded in the form of performance-based equity from 50% to 75%, and correspondingly reduced the portion in the form of time-based equity from 50% to 25%. • For Messrs. Santoro and Sivin, the target grant date fair value of their 2024 equity awards was $1,100,000 and $312,500, equal to 100% and 33.3%, respectively, of their 2023 short-term incentive awards. Consistent with prior years, 50% of the target value was awarded in the form of performance-based equity awards and 50% of the target value was awarded in the form of time-based equity awards. • For Mr. Zeiden, equity awarded in 2024 was pursuant to his offer letter, dated April 26, 2024, which provided for a one-time grant of time-based equity awards valued at $409,969. The time-vesting Class B Profits Units granted to the named executive officers, other than Mr. Zeiden, vest in three equal installments on the anniversary of the grant date (which is March 15 for Mr. Nierenberg and February 23 for each of Messrs. Santoro and Sivin) in each of 2025, 2026 and 2027, generally subject to the executive’s continued employment through the applicable vesting date. The time-vesting Class B Profits Units granted to Mr. Zeiden vest in two equal installments on January 1 of each of 2025 and 2026, generally subject to the executive’s continued employment through the applicable vesting date. The performance-vesting Class B Profits Units granted to Messrs. Nierenberg, Santoro and Sivin may be earned from 0% to 200% of the target number of units (up to 300% for Mr. Nierenberg) based on the achievement of specified annual targets relating to the Company’s EAD ROE over a three-year performance period running from January 1, 2024 through December 31, 2026, and generally subject to the executive’s continued employment through the end of the performance period. While the long-term equity incentive awards made to Messrs. Santoro and Sivin that were awarded in February 2024 were related to performance in 2023, the grant date value of those awards has been included in