Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 122

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 122
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. | D-1 | 2025 Proxy Statement |

TABLE OF CONTENTS APPENDIX E MFA FINANCIAL, INC. EQUITY COMPENSATION PLAN (Amended and Restated effective as of June 3, 2025) 1. PURPOSE. The Plan is intended to provide incentives to key employees, officers and directors expected to provide significant services to the Company, including the employees, officers and directors of the other Participating Companies, to encourage a proprietary interest in the Company, to encourage such key employees to remain in the employ of the Company and the other Participating Companies, and to attract new employees with outstanding qualifications. In furtherance thereof, the Plan permits awards of equity-based incentives to key employees, officers and directors of the Company or any other Participating Company. The Plan was originally effective as of May 20, 2010 and was subsequently amended and restated as of May 21, 2015, June 10, 2020, and June 6, 2023. This amended and restated Plan will be effective as of June 3, 2025, subject to approval by the Company’s stockholders (the “2025 Amendment Effective Date”). 2. DEFINITIONS. As used in this Plan, the following definitions apply: “Act” shall mean the Securities Act of 1933, as amended. “Agreement” shall mean a written agreement entered into between the Company and a Grantee pursuant to the Plan. “Board” shall mean the Board of Directors of the Company. “Cause” shall mean, unless otherwise provided in an Agreement or defined in a written employment agreement between the Grantee and the Company or a subsidiary, (i) engaging in (A) willful or gross misconduct or (B) willful or gross neglect, (ii) repeatedly failing to adhere to the directions of superiors or the Board or the written policies and practices of the Company, (iii) the commission of a felony or a crime of moral turpitude, or any crime involving the Company, (iv) fraud, misappropriation, embezzlement or material or repeated insubordination, (v) a material breach of the Grantee’s employment agreement (if any) with the Company (other than a termination of employment by the Grantee) or any material Company policy, or (vi) any illegal act detrimental to the Company; all as determined by the Committee. “Charter” shall mean the charter of the Company. “Code”