Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 109

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 109
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, (ii) the value of Mr. Serrano’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 Mr. Serrano'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.

• in the case of Mr. Mah, the sum of (i) 19,752 shares of unvested outstanding restricted stock that would have vested in full at December 31, 2024 pursuant to such event, (ii) the value of Mr. Mah’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 Mr. Mah'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.

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• in the case of Ms. Nario-Eng, the sum of (i) 8,133 shares of unvested outstanding restricted stock 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