Company: PGYWW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001883085-25-000066
Chunk: 24

Company: Pagaya Technologies Ltd.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 24
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 a named executive officers’ employment agreement, the Pagaya Board or the compensation committee has the authority to award each of the named executive officers a discretionary portion of their bonus.

Finally, the annual incentive awards for 2024 included the following performance multipliers applicable for each metric: 0%, 75%, 100%, 150%, 200% and 300%. If Pagaya exactly met the target for a particular metric, then a multiplier of 100% was assigned. If Pagaya exceeded the target or fell short of the target, a multiplier was assigned based on how much the metric’s actual performance was greater than or less than the target.

The actual bonuses received in 2025 by Pagaya’s named executive officers were less than what they were eligible for based on the Company's 2024 performance relative to the performance metrics described above. The amounts the Company actually paid to the named executive officers in the first quarter of 2025, were: $2,500,000 for Mr. Krubiner; $1,150,000 for Mr. Perros; $1,100,000 for Mr. Das; $600,000 for Ms. Tami Rosen; and $0 for Mr. Pardo.

#### Equity Compensation
In 2024, Pagaya granted equity awards to certain of its named executive officers under Pagaya’s 2022 Share Incentive Plan (the “2022 Plan”). In April of 2024, Mr. Perros was granted 273,224 RSUs, Mr. Das was granted 183,333 RSUs, and Ms. Rosen was granted 170,765 RSUs. For Mr. Perros’s award, one sixth of the total RSUs

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vested each on August 1, 2024 and January 1, 2025, and the remaining two thirds of the grant shall vest over the following 24 months in equal quarterly installments on April 1, 2025, July 1, 2025, October 1, 2025, January 1, 2026, April 1, 2026, July 1, 2026, October 1, 2026 and January 1, 2027. For Mr. Das’s award, one quarter of the total RSUs vested on April 16, 2024, and another one eighth of RSUs vest every three months thereafter. For Ms. Rosen’s award, one-third of