Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 62

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 62
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 2024 Performance Period, all of which was paid in cash. In determining Mr. Roper’s bonus, the Compensation Committee recognized, among other things, Mr. Roper’s integral role in the various financing and other transactions undertaken by the Company during 2024, including his role in the successful execution of two public offerings of senior notes during the year and his leadership in directing the activities performed by our finance and accounting staff in support of our business activities. Further, after receiving the input of Mr. Knutson, the Compensation Committee approved an annual incentive bonus to Ms. Samuels of $665,000 for the 2024 Performance Period, all of which was paid in cash. In determining Ms. Samuels’ bonus, the Compensation Committee noted, among other matters, Ms. Samuels’ key role in the onboarding and financing of mortgage loans acquired by the Company for its investment portfolio, oversight and asset management of the loan portfolio and other loan-related operations. The Compensation Committee also recognized Ms. Samuels’ role in providing advice and support to the underwriting and servicing functions of MFA’s Lima One Capital subsidiary. In addition, after receiving the input of Mr. Knutson, the Compensation Committee approved an annual incentive bonus for Mr. Schwartz of $925,000, all of which was paid in cash. In determining Mr. Schwartz’s bonus, the Compensation Committee noted his integral role in the various financing and other transactions undertaken by the Company during 2024 (including the public offerings mentioned above), his leadership and advice in connection with governance and disclosure matters involving the Company and his leadership in directing the activities performed by our legal department in support of our business activities. 2024 Long-Term Equity-Based Incentive Awards Mr. Knutson was granted RSUs, consisting of TRSUs with a grant date value of approximately $1,600,000 and a “target” number of PRSUs with a grant date value of approximately $2,400,000 in January 2024. In addition, in order to further align the interests of the other Named Executive Officers and foster their retention (and, in the case of Mr. Wulfsohn, in accordance with his employment agreement), the Compensation Committee also made awards of TRSUs and PRSUs to Mr. Wulfsohn, Mr. Roper, Ms. Samuels and Mr. Schwartz in January 2024. For each Named Executive Officer, with respect to the target number of PRSUs, one-half of such