Company: RITM-PC
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033195
Chunk: 60

Company: Rithm Capital Corp.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 60
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 severance amount includes (i) $8,000,000, representing Mr. Nierenberg’s annual short term incentive award amount based on actual performance, (ii) $2,000,000, representing two times his annual base salary and (iii) $8,000,000 representing two times his annual target cash bonus, each as of December 31, 2024. (2) As of December 31, 2024, Mr. Nierenberg held 192,678 unvested restricted shares of our Common Stock, 363,566 unvested time-vesting restricted stock units, 545,353 unvested performance-vesting restricted stock units based on target-level of performance (or, if based on maximum-level of performance, 1,090,706 unvested performance-vesting restricted stock units), 295,452 unvested time-vesting Class B Profits Units and 886,359 unvested performance-vesting Class B Profits units based on target-level of performance (or, if based on maximum-level of performance, 2,659,077 unvested performance-vesting Class B Profits Units). For purposes of this table, we have assumed that the actual-level of performance achieved with respect to all performance-vesting restricted stock units was the maximum-level of achievement. The value of these equity awards is based on a trading price of $10.83, which was the closing price of a share of our Common Stock on December 31, 2024. (3) In the case of a termination due to his disability or death, Mr. Nierenberg’s time-vesting restricted stock units, performance-vesting restricted stock units, time-vesting Class B Profits Units and performance-vesting Class B Profits Units (but not his unvested restricted shares) would become fully vested (with the performance-vesting restricted stock units and performance-vesting Class B Profits Units remaining outstanding and vesting based on actual performance through the end of the original performance period). (4) In the case of a termination without cause or a resignation for good reason not in connection with a change of control, Mr. Nierenberg would receive (i) with respect to his restricted shares, accelerated vesting of those restricted shares that would have become vested during the two-year period following such termination, which would be all 192,678 restricted shares; (ii) with respect to his time-vesting