Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 79

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 79
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, 2024, for additional detail regarding assumptions underlying the value of these equity awards.

See table below for shares of restricted stock granted to each NEO in accordance with the annual incentive plan in effect for the year ended December 31, 2022 (January 27, 2023 grant date).

| Named Executive Officer |     | Number of Shares of Restricted Stock on Grant Date(a) |     | January 27, 2023 |        |
|:------------------------|:----|:------------------------------------------------------|:----|:-----------------|-------:|
| Jason T. Serrano        |     |                                                       |     |                  | 32,969 |
| Kristine R. Nario-Eng   |     |                                                       |     |                  |  5,592 |

(a) For a description of the formula used and other considerations taken into account by the Compensation Committee to calculate the amounts payable under the annual incentive plan for 2022, in cash and restricted stock, see our 2023 proxy statement filed with the SEC. Because, in the case of the restricted stock issued pursuant to the annual incentive plan for 2022, the size of the awards were determined by the Compensation Committee as part of our NEOs' compensation for each person’s individual performance and our performance in the year ended December 31, 2022, we have included these restricted stock awards in our NEOs' compensation for such year even though they were issued in January of the subsequent year. Pursuant to the terms of the restricted stock award agreements, one-third of the shares awarded as part of the grants vest and become non-forfeitable on each of the first three anniversaries of the date of grant. All shares issued to our NEOs as disclosed were issued under the 2017 Stock Plan.

The fair values of RSU and PSU awards for the years ended December 31, 2024, 2023 and 2022, respectively, are shown in the table below.

| Named Executive Officer |     | 2024 
 RSUs |         |     | PSUs(a) |           |     | 2023 
 RSUs |           |     | PSUs(a) |           |     | 2022 
 RSUs |         |     | PSUs(a) |           |
|:------------------------|:----|:-----|--------:|:----|:--------|----------:|:----|:-----|----------:|:----|:--------|----------:|:----