Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 60

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 60
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                $ |
| Mr. Knutson  |     |          500,000 |     | 100%             |     |          500,000 |
| Mr. Wulfsohn |     |          275,000 |     | 150%             |     |          412,500 |

In determining the amount of Mr. Knutson’s and Mr. Wulfsohn’s respective IRM Bonus and the Compensation Committee’s decision to pay out such bonuses at the levels indicated in the table above, the Compensation Committee recognized the leadership of each executive in steering MFA through the challenging operating and financial environment that defined the 2024 Performance Period. In particular, the Compensation Committee recognized Mr. Knutson’s and Mr. Wulfsohn’s efforts in managing the Company’s investment portfolio, which resulted in it achieving a healthy level of Adjusted Distributable Earnings to support the Company’s distributions to stockholders. The Compensation Committee also recognized the executives’ efforts to manage the impact of the interest rate environment on the Company’s cost of funding through an active hedging strategy, their successful efforts in continuing to execute securitization transactions (thereby furthering the Company’s strategy of emphasizing longer term, non-mark-to-market, non-recourse funding of its investment assets), and their focus on maintaining a healthy level of liquidity throughout the year to meet margin calls and other obligations and to give the Company the ability to take advantage of attractive investment opportunities. The Compensation Committee also recognized Mr. Knutson’s and Mr. Wulfsohn’s success in maintaining and growing the Company’s relationships with MFA’s key stakeholders throughout the year, including its stockholders, its most important lending counterparties and investors in offerings of mortgage-backed securities sponsored by the Company. In addition, the Compensation Committee recognized each executive’s contribution to promoting the unity and focus of MFA’s work force in a challenging operating environment and supporting and enhancing MFA’s workplace culture, including increasing engagement with our employees and promoting opportunities for employee development. Further, the Compensation Committee recognized the key role that Mr. Knutson played in succession planning both at the corporate level, as well as at the Company’s Lima One Capital subsidiary and the implementation of such plans during the year. In regard to Mr. Wulfsohn, the Compensation Committee also recognized the increased responsibilities assumed by him upon his promotion to President of MFA in September 2024, including his assuming oversight of Lima One Capital. Mr. Roper, Ms. Samuels