Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 66

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 66
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 target and maximum performance under the Qualitative Component are set forth as follows:

| Qualitative Component Hurdles |     | Payout as a % of Target Bonus Upon Achievement of Qualitative Component Hurdles(1) |
| Below Threshold               |     | —                                                                                  |
| Threshold                     |     | 50%                                                                                |
| Target                        |     | 100%                                                                               |
| Maximum                       |     | 200%                                                                               |

(1) For fiscal year 2024, if performance is between the threshold and target or between the target and maximum, the performance level achieved is determined by applying linear interpolation to the performance interval. Actual incentive compensation earned under the Qualitative Component is calculated by multiplying 25% by the product of the applicable payout percentage and target bonus.

Set forth in the table below is the payout for each of our NEOs based on the Compensation Committee's determination of the Qualitative Component of the 2024 Annual Incentive Plan. Under the Qualitative Component, the Compensation Committee determined that each of Messrs. Serrano and Mah and Ms. Nario-Eng achieved performance between target and maximum levels at 175% under the Qualitative Component. Among other accomplishments, the Compensation Committee particularly recognized the leadership of each NEO in steering the Company through continued portfolio expansion, amidst market volatility, while driving adjusted interest income and recurring income significantly higher. The qualitative factors used by the Compensation Committee for fiscal year 2024 that drive long term stockholder value creation as well as the Compensation Committee's evaluation of each NEO's contributions with respect to such qualitative factors are described in more detail below.

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Total Compensation Earned and Paid Under the 2024 Annual Incentive Plan

Our NEOs earned the following amounts of total cash incentive compensation in 2024 under the 2024 Annual Incentive Plan:

| Named Executive Officer |     | Incentive Compensation Earned Under 
 Quantitative Component              |   |     | Incentive Compensation Earned Under 
 Qualitative Component               |         |     | Total Incentive Compensation 
 Earned in 2024               |         |     | % of Incentive Compensation Paid vs Target |     | % Change in Incentive Compensation Paid in 2024 vs 2023 |
|:------------------------|:----|:------------------------------------|:--|:----|:------------------------------------|--------:|:----|:-----------------------------|--------:|:----|