Company: AOMN
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001766478-25-000028
Chunk: 42

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 42
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, in each case, subject to the achievement of the applicable performance goals over the performance period of July 1, 2023 through June 30, 2026; and (iii) performance-based restricted stock unit awards that vest 50% on June 30, 2027 and 50% on June 30, 2028, in each case, subject to the achievement of the applicable performance goals over the performance period of July 1, 2024 through June 30, 2027. In accordance with SEC disclosure rules, the amounts reflected in the table above for (A) performance-based restricted stock unit awards granted in 2022 have been calculated assuming achievement of target performance for the Relative TSR performance goal and target performance for the Book Value TSR performance goal, (B) the performance-based restricted stock unit awards granted in 2023 have been calculated assuming achievement of maximum performance with respect to both the Relative TSR and Book Value TSR performance goals and (C) the performance-based restricted stock unit awards granted in 2024 have been calculated assuming achievement of threshold performance for the Relative TSR performance goal and maximum performance for the Book Value TSR performance goal.

#### Severance; Change in Control
Severance Policy

In connection with our IPO, the Company adopted the Severance Policy pursuant to which Mr. Filson will be entitled to severance benefits upon a qualifying termination of employment. None of our other NEOs was subject to an arrangement providing for severance benefits as of December 31, 2024.

Under the Severance Policy, upon a termination of employment by us without “cause” or by the executive officer for “good reason,” then, subject to such executive officer’s execution of a general release of claims in favor of us (a “ Release ”) and continued compliance with non-competition, non-solicitation and non-disparagement covenants, such executive officer will be entitled to receive: (i) an amount equal to (A) 2.0 (the “ Severance Multiple ”), multiplied by (B) the sum of (1) such executive officer’s annual base salary and (2) such executive officer’s average cash performance bonus paid for the three most recent years (or such lesser period for which such executive officer has been eligible to receive a cash performance bonus, or, if such executive officer was not eligible to receive a cash performance bonus in prior years, the executive officer’s target annual cash performance bonus) (the “Severance Bonus”); (ii) medical