Company: MITN
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001514281-25-000033
Chunk: 27

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 27
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 appropriate since we are an externally managed REIT. Pursuant to REIT qualification requirements, we must generally pay at least 90% of our “REIT taxable income” (computed without regard to the dividends paid deduction and our net capital gain) to stockholders as dividends.

We have not and do not intend to either backdate stock options or grant stock options retroactively. Presently, we do not have designated dates on which we grant stock option awards. We do not intend to time stock options grants with our release of material nonpublic information for the purpose of affecting the value of executive compensation.

To further align the interests of management and our stockholders, TPG Angelo Gordon, an affiliate of our Manager, may, in its discretion, grant to its employees separate awards of shares of our common stock that TPG Angelo Gordon and its affiliates acquired or received from us. TPG Angelo Gordon did not grant any shares of our common stock in connection with 2024 bonus compensation. As of the date of this proxy statement, TPG Angelo Gordon holds 288,290 shares of our common stock that may be granted to its employees, including our executive officers.

#### Compensation in 2024
Other than as discussed in “-2024 Equity Grants” below, we did not pay any compensation of any kind to our named executive officers during the year ended December 31, 2024. We do not provide any of our executive officers with any cash compensation, pension benefits or non-qualified deferred compensation plans. The compensation that we reimbursed to our Manager for our allocable share of the 2024 compensation of our Chief Financial Officer, Chief Risk Officer and General Counsel is discussed in this Proxy Statement in “Other Matters – Certain Relationships and Related Transactions – Management Agreement.”

For 2024, the named executive officers as a group received aggregate salaries of $0.6 million and aggregate performance-based incentive bonuses for 2024 of $5.7 million from the Manager, based on the percentage of time such officers spent managing affairs of the Company. These amounts collectively represent 83% of the aggregate management fees the Company paid to the Manager during 2024. On an aggregated basis, based on the percentage of time the named executive officers spent managing affairs of the Company, such officers received 9.7% of their total compensation in the form of base salaries and the remaining 90.3% in the form of performance-based incentive bonuses.

Our Manager and its affiliates do not use a specific formula to calculate the variable or incentive pay portion