Company: AOMN
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001766478-25-000028
Chunk: 35

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 35
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 do not expect to reimburse our Manager for compensation paid to Mr. Prabhu for his service to us as our Chief Executive Officer and President. Mr. Prabhu is an equity owner of our Manager and is an ultimate beneficial owner of the Manager and its affiliate, Angel Oak Capital. Neither Mr. Prabhu nor Mr. Filson has any compensation arrangement with the Manager other than as disclosed herein. Instead Angel Oak Capital or its affiliates compensate such individuals out of its or their overall revenue stream, which includes the management fee that we pay to our Manager. Our Management Agreement does not require that any specified amount or percentage of the management fees that we pay to the Manager be allocated to such individuals. Based on discussions with our Manager and Angel Oak Capital, we estimate that our NEOs received no compensation for 2024 that is associated with the management fee we paid to the Manager in 2024. Rather, the entire amount of such management fees retained by the Manager was used to compensate other employees of Angel Oak Capital.

Our Management Agreement also requires our Manager to provide us with a dedicated Chief Financial Officer and Treasurer. Our Manager is entitled to reimbursement from us for the costs of the wages, salary, and benefits incurred by our Manager for our dedicated Chief Financial Officer and Treasurer. The amount of any wages, salary, and benefits paid or reimbursed with respect to our dedicated Chief Financial Officer and Treasurer is subject to the approval of our Compensation Committee.

Our Manager is also entitled to reimbursement from us for a proportionate amount of the costs of the wages, salaries, and benefits incurred by our Manager for other corporate finance, tax, accounting, internal audit,

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legal, risk management, operations, compliance, and other non-investment personnel of our Manager or its affiliates who spend all or a portion of their time managing our affairs (our share of such costs is based on the percentage of time devoted by such personnel to our and our subsidiaries’ affairs).

#### 2024 Compensation of NEOs
During 2024, our Compensation Committee approved a compensation program for Mr. Filson consisting of an annual base salary, a short-term incentive program (“ STIP ”) and long-term incentive program (“ LTIP ”), with the STIP and LTIP utilizing rigorous frameworks for evaluating performance, as described below.

At our May 2024 annual meeting of stockholders, 90.2% of the votes cast with respect to the say-on-pay proposal were in favor of the proposal. Our Compensation Committee believes that our