Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 105

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 105
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2024 fiscal year, of the sum of (i) 8,133 shares of unvested outstanding restricted stock held by Ms. Nario-Eng that would have vested in full at December 31, 2024 pursuant to such event, (ii) the value of Ms. Nario-Eng’s 2023 PSU and 2024 PSU awards, determined by multiplying the number of shares of common stock underlying the target number of 2023 PSUs and 2024 PSUs by $6.06, the closing sale price for our common stock on December 31, 2024, the last trading day of the 2024 fiscal year, and (iii) the value of Ms. Nario-Eng's unvested 2022 RSU, 2023 RSU and 2024 RSU awards, determined by multiplying the number of shares of common stock underlying the respective unvested RSUs by $6.06, the closing sale price for our common stock on December 31, 2024, the last trading day of the 2024 fiscal year.

(3) Equals the product of, for Mr. Serrano, (a) two (2) and (b) the sum of Mr. Serrano's base salary and the average annual incentive award earned by Mr. Serrano during 2023 and 2022, for Mr. Mah, (a) one and one-half (1.5) and (b) the sum of Mr. Mah's base salary and the average annual incentive award earned by Mr. Mah during 2023 and 2022 and, for Ms. Nario-Eng, (a) one (1) and (b) the sum of Ms. Nario-Eng’s base salary and the average annual incentive award earned by Ms. Nario-Eng during 2023 and 2022.

(4) Represents the value of the health care benefits that are payable by the Company on each respective NEO's behalf pursuant to his or her employment agreement with us.

Payments Due Upon Termination Due to Disability

| Name                  |     | Salary |   |     | Bonus |   |     | Stock Awards(1) |           |     | Option Awards |   |     | Non-Equity Incentive Plan Compensation |   |     | All Other Compensation |   |     | Benefits(2) |        |     | Total |           |
|:----------------------|:----|:-------|