Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 69

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 69
---
                                  |
| 7  | The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.                                                                                                                                                                                         |
| 8  | These are the same amounts as used for the ROE bonus under the Employment Agreements. See Appendix I for additional information on the calculation of ROE in relation to GAAP reported results.                                                                                                                                         |
| 9  | For 2022, we had two CEOs. The first column shows 2022 amounts for Mr. Marria, who served as CEO until December 10, 2022, and the second column shows 2022 amounts for Mr. Kardis, who serves as our CEO since December 10, 2022.                                                                                                       |
| 10 | For 2021, amounts shown are for Mr. Marria, our CEO for 2021.                                                                                                                                                                                                                                                                           |
| 11 | For 2020, amounts shown are for Matthew Lambiase, our CEO for 2020.                                                                                                                                                                                                                                                                     |

Financial Performance Measures

As described in greater detail
in “Executive Compensation – Compensation Discussion and Analysis,” the Company’s executive compensation program
reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both our long- term and short-term incentive
awards are selected based on an objective of incentivizing our NEOs to increase the value of our enter- prise for our stockholders. For
the most recently completed fiscal year, the most important financial performance measures used by the Company to link executive compensation
actually paid to the Company’s NEOs, to the Company’s performance are as follows:

| · | Relative ROE             |
| · | Relative TSR             |
| · | Relative Economic Return |

Analysis of the Information Presented in the Pay versus Performance Table

As described in more detail in
the section “Executive Compensation – Compensation Discussion and Analysis,” the Company’s executive compensation
program reflects a variable pay-for-performance philosophy. While the Company utilizes several performance measures to align executive
compensation with Company performance, not all of those Company measures are presented in the Pay versus Performance table. Moreover,
the Company generally seeks to incentivize long-term performance, and therefore does not specifically align the Company’s performance
measures with compensation that is actually paid (as computed in accordance with Item 402(v) of Regulation S-K) for a particular year.
In accordance with Item 402(v) of Regulation S-K, the Company is providing the following descriptions of the relationships between