Company: MFAN
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001140361-25-014577
Chunk: 90

Company: MFA FINANCIAL, INC.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 90
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. Pursuant to the terms of the Amended and Restated Employment Agreement, entered into on February 22, 2021, and which became effective as of January 1, 2021 (and which was amended as of May 3, 2022), between the Company and Mr. Kristjansson, Mr. Kristjansson became entitled to receive certain payments and other benefits as a result of his termination in exchange for his delivery to the Company of a release of claims. In accordance with the terms of his employment agreement, Mr. Kristjansson will receive cash severance in the aggregate amount of $2,540,625 payable in accordance with MFA’s usual payroll practices through May 2026. In addition, under the terms of his employment agreement, Mr. Kristjansson vested in (i) 21,787 TRSUs and (ii) 17,773 PRSUs (based on the achievement of applicable performance metrics), each of which were granted to him in January 2022. Further, under the terms of his employment agreement, Mr. Kristjansson will be eligible to vest on a pro rata basis in the PRSUs granted to him in each of January 2023 and January 2024, subject in the case of each grant to the achievement of the applicable performance metrics for the three-year performance period relating to each grant. Upon the termination of his employment, Mr. Kristjansson forfeited all other unvested TRSUs and PRSUs that had been previously granted to him, including all TRSUs granted to him in each of January 2023 and January 2024. Mr. Kristjansson is also eligible for reimbursement of up to $54,648 for health insurance premiums for him and his family for the twelve-month period through November 2025 to the extent he is not eligible to participate in the health insurance plan of a subsequent employer. Pay Ratio Disclosure The annual total compensation of our CEO for the year ended December 31, 2024, as reported in the Summary Compensation Table included in this Proxy Statement, was $8,081,167. The median of the annual total compensation of all employees, excluding our CEO, for fiscal year 2024 was $95,219. As a result, we estimate that the ratio of the annual total compensation of our CEO to the annual total compensation of the median employee for fiscal year 2024 was approximately 84.87 to 1. We identified the median employee by annual total compensation