Company: RITM-PC
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033195
Chunk: 38

Company: Rithm Capital Corp.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 38
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 Nierenberg had a target short-term incentive opportunity equal to $4,000,000, which was decreased from $5,000,000 in 2023, pursuant to his Amended Employment Agreement, which reallocated target pay opportunity from base salary and target short-term incentive to long-term incentive. Mr. Nierenberg was eligible to earn from 0% to 200% of his target amount based on performance in three categories: financial, strategic and individual performance: • Financial Category (weighted 60%) — The Compensation Committee selected Earnings Available for Distribution (EAD) per diluted share as the financial metric because it is a key metric that allows our investors to readily identify and track the operating performance of the assets that form the core of the Company’s activity, compare the core operating results between periods and value our stock. EAD per diluted share measures our ability to generate income in a manner accretive to stockholders. Target 2024 EAD per diluted share was aligned with the Company’s internal operating plan established as of the first quarter of 2024. The Compensation Committee established a goal range around target for threshold and maximum payouts; these goals along with actual performance and the corresponding payout were follows:

| ​                     | ​ | ​ | Threshold |   |      |   | ​ | ​ | Target |   |      |   | ​ | ​ | Maximum |   |      |   | ​ | ​ | 2024 Actual |   |         |   | ​ |
|:----------------------|:--|:--|:----------|:--|-----:|:--|:--|:--|:-------|:--|-----:|:--|:--|:--|:--------|:--|-----:|:--|:--|:--|:------------|:--|:--------|:--|:--|
| EAD per Diluted Share | ​ | ​ | ​         | $ | 1.39 | ​ | ​ | ​ | ​      | $ | 1.74 | ​ | ​ | ​ | ​       | $ | 2.00 | ​ | ​ | ​ | ​           | $ | 2.10(a) | ​ | ​ |
| Payout (% of Target)  | ​ | ​ | ​         | ​ |  25% | ​ | ​ | ​ | ​      | ​ | 100% | ​ | ​ | ​ | ​       | ​ | 200% |