Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 55

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 55
---
 multiple of salary―5x
for the CEO and 3x for the other named executive officers. Per the Employment Agreements, once this required minimum ownership level has
been achieved, the named executive officer must continue to maintain that minimum ownership level until six months after termination of
employment.

<div align='center'>30</div>

The compensation committee believes
that these stock ownership and retention requirements will further align the interests of our named executive officers with the long-term
interests of our stockholders by requiring a meaningful portion of the executive’s accrued and earned compensation to be held as
shares of our stock, not only during employment but for a period after termination of employment.

Savings and Health and Welfare Benefits

Our named executive officers participate
in the broad-based 401(k) retirement savings plan generally available to our employees, which includes an opportunity to receive employer
matching contributions. We do not currently provide any pension plans or supplemental retirement plans for our named executive officers.

All our named executive officers
also participate in the health, life insurance, disability benefits and other welfare programs that are provided generally to our employees.

The compensation committee
previously established a Stock Award Deferral Program, described below under “Nonqualified Deferred Compensation Plans.” Under
this program, named executive officers could elect to defer payment of RSU and PSU awards after vesting until termination of employment
or an earlier specified date. Amounts deferred are tracked as deferred stock units (“DSUs”) which continue to receive dividend
equivalents and are paid in actual shares. On November 5, 2024, the compensation committee terminated the Executive Officer Plan (as defined
below under “Nonqualified Deferred Compensation”) component of the Stock Award Deferral Program. The Executive Officer Plan
will be liquidated on November 30, 2025, and all amounts outstanding under the Executive Officer Plan on the liquidation date will be
paid at that time in accordance with applicable tax rules.

Perquisites and Other Personal Benefits

We do not currently provide our named
executive officers with any perquisites or other personal benefits.

Incentive Compensation Recovery (Clawback) Policy

In November 2023, the Company’s
Board of Directors adopted an incentive compensation recovery policy, consistent with newly adopted NYSE listing requirements implementing
the clawback provisions of the Dodd-Frank Act, that requires that following certain accounting restatements due to material noncompliance
with any financial reporting requirement under the securities laws, the Company shall recover reasonably promptly certain erroneously