Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 73

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 73
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 Executive Officer Plan and the Director Plan, as described above under “Nonqualified Deferred
Compensation.” Under this program, our directors could elect to defer payment of stock awards until termination of their directorship
or an earlier specified date. Amounts deferred are tracked as DSUs, continue to receive dividend equivalents, and are paid in actual shares.
The compensation committee felt that this program encourages directors’ long-term retention of stock awards earned under our director
compensation program. On November 5, 2024, the compensation committee took action to suspend new deferral elections under the Director
Plan. All deferrals previously made under the Director Plan will remain outstanding, and all deferrals pursuant to prior elections made
by directors will be paid on the originally scheduled payment dates.

<div align='center'>2024 Director Compensation</div>

The table below summarizes the compensation
paid by us to our independent directors for the year ended December 31, 2024.

| Name             |  Fees Earned or 
 Paid in Cash($) | Stock Awards ($)(2)(3) | Total($) |
| Gerard Creagh(1) |        $187,500 |               $185,000 | $372,500 |
| Brian P. Reilly  |        $160,000 |               $130,000 | $290,000 |
| Debra W. Still   |        $135,000 |               $130,000 | $265,000 |
| Kevin G. Chavers |        $127,500 |               $130,000 | $257,500 |
| Sandra Bell(4)   |        $127,500 |               $130,000 | $257,500 |
| Susan Mills      |        $125,667 |               $130,000 | $255,667 |
| Cynthia B. Walsh |          $9,166 |                $65,000 |  $74,167 |

| (1) | In accordance with the design of the director compensation program described above, Gerard Creagh elected             
 to receive common stock in lieu of 50% cash payments for Board of Director fees earned during the first half of 2024. |

| (2) | Stock Awards includes an RSU Award on June 5, 2024, for the director service year ending on the date 
 of the Annual Meeting.                                                                               |

| (3) | For amounts under the column “Stock Awards,” we disclose the grant date fair value for the                                               
 RSU award measured in dollars based on