Company: AOMN
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001766478-25-000028
Chunk: 37

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 37
---
 future earnings potential. We believe that metrics like this are considered by many in the real estate industry to be useful in assessing the performance of a mortgage REIT. Furthermore, based on the input we received from our external compensation consultant, nearly all of our compensation peers use some form of an income-based metric as a key financial metric within their short-term incentive programs.

Individual Performance Objective

Our Compensation Committee concluded that Mr. Filson merited a performance rating at 100% of target based on its assessment of performance against his pre-established individual goals set in early 2024, which incorporate key operational and strategic business objectives. Our Compensation Committee determined that Mr. Filson had contributed to the Company’s substantial progress in all these areas over the course of 2024.

Overall STIP Payout

Based on an overall payout percentage of 87.17% with respect to the financial and individual performance objectives, Mr. Filson received a 2024 STIP bonus of $407,500.

#### Equity-Based Compensation
In the discretion of the Board or our Compensation Committee, we may also grant equity-based awards pursuant to our 2021 Equity Incentive Plan to (1) our directors, officers, employees, and consultants and (2) our Manager and the members, directors, trustees, officers, and employees of our Manager or its affiliates and other entities that provide services to us and the employees of such entities. Our 2021 Equity Incentive Plan provides for

<div align='center'>24</div>

the grant of equity-based awards relating to our common stock, including options to purchase shares of common stock, stock appreciation rights, restricted stock, restricted stock units, performance awards, LTIP units , and other stock-based awards (including unrestricted shares). These awards are intended to align the recipients’ interests with those of our stockholders. The Board or our Compensation Committee determines the types and amounts of any equity-based compensation awards to be granted to our NEOs under our 2021 Equity Incentive Plan. This determination is based on a number of factors, including but not limited to, the financial performance of the Company during the previous fiscal year, risk management policies of the Company, progress towards achieving the Company’s strategic goals, growth in assets, the performance of our common stock, the performance of each NEO, and market conditions.

Description of 2024 LTIP

In 2024, the Compensation Committee made grants to Mr. Filson in the form of both a time-based restricted stock award and a performance-based restricted stock