Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 55

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 55
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’s Target IRM Bonus for the 2023 performance period). Each executive’s employment agreement provides that he is eligible to receive from zero to 200% of his respective Target IRM Bonus. The actual amount of the IRM Bonus to be paid to each of Mr. Knutson and Mr. Wulfsohn is determined by the Compensation Committee in its discretion based upon factors it deems relevant and appropriate, including, without limitation, MFA’s total stockholder return (“TSR”) (both on an absolute basis, as well as relative to relevant indices and other similarly situated companies), overall management of risk and asset selection in generating our returns and the executive’s individual performance. Long-Term Incentive Awards. Under our Equity Compensation Plan the Compensation Committee has available to it a portfolio of equity compensation vehicles, including shares of Common Stock, RSUs, dividend equivalent rights, stock options and other stock-based awards. The Compensation Committee uses this incentive compensation program to award Named Executive Officers with long-term incentives, including in connection with entering into or extending the term of employment agreements or other employment arrangements. The Compensation Committee makes these awards in its discretion without any pre-set target levels; however, in determining LTIAs, the Compensation Committee may consider the advice of its compensation consultant. LTIAs to Mr. Knutson and Mr. Wulfsohn Under the terms of Mr. Knutson and Mr. Wulfsohn’s employment agreement as in effect during the 2024 Performance Period, each executive was entitled to a grant of RSUs, consisting of TRSUs and a “target” amount of PRSUs. More specifically, for 2024, Mr. Knutson was granted TRSUs with a grant date value of approximately $1,600,000 (no change from 2023) and a “target” number of PRSUs with a grant date value of approximately $2,400,000 (no change from 2023), and Mr. Wulfsohn was granted TRSUs with a grant date value of approximately $690,000 (no change from 2023) and a “target” number of PRSUs with a grant date value of approximately $1,035,000 (no change from 2023). TRSUs. Subject to exceptions in certain circumstances described below in “Potential Payments upon Termination of Employment or Change in Control” found on pages 66to 70of this Proxy Statement, each grant of TRSUs to each executive will