Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 87

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 87
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. Serrano      |     |                        | 93,263 |     | $              | 790,213 |
| Nicholas Mah          |     |                        | 61,660 |     | $              | 522,622 |
| Kristine R. Nario-Eng |     |                        | 28,152 |     | $              | 238,644 |

(1) The three-year performance period for PSUs granted in 2022 ended on December 31, 2024. The Company achieved a relative TSR that ranked in the 26th percentile among the identified performance peer group for the performance period. Accordingly, zero shares of common stock vested related to the PSUs granted in 2022. For the year ended December 31, 2024, the following table details the number of shares of common stock vested and the related number of target PSUs for our NEOs.

| Name                  |     | Number of Shares of Common Stock Vested |   |     | 2022 Target PSUs |        |
| Jason T. Serrano      |     |                                         | — |     |                  | 73,924 |
| Nicholas Mah          |     |                                         | — |     |                  | 44,802 |
| Kristine R. Nario-Eng |     |                                         | — |     |                  | 25,201 |

(2) Value is determined by multiplying the number of shares (including those issued upon settlement of the corresponding vested RSUs and PSUs, if any) by the closing sale price on the Nasdaq Global Select Market on the date on which such shares vested.

#### CEO Compensation Pay Ratio
We believe our executive compensation program must be internally consistent and equitable to motivate our employees to create stockholder value. As such, we annually monitor the relationship between the compensation of our executive officers and the compensation of our non-managerial employees. For 2024, the annual total compensation of Mr. Serrano, our Chief Executive Officer, of $3,905,297, as shown in the Summary Compensation Table (the “CEO Compensation”), was approximately 17.75 times the annual total compensation of our median employee calculated in the same manner of $220,000.

To identify the median of the annual total compensation of all our employees, as well as to determine the annual total compensation of our median employee and the CEO Compensation, we took the following steps:

• We determined that, as of December 31, 2024, our employee population,