Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 354

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 354
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 executive officers other than a relocation program

Determination of 2024 At-Risk Deferred Salary

The CHC Committee and FHFA considered our achievements in pursuing our primary business objectives, as well as other factors, in determining the funding level for At-Risk Deferred Salary in 2024. FHFA determined the funding level for the portion of At-Risk Deferred Salary based on Conservatorship Scorecard performance and Assessment Criteria, and the CHC Committee determined, with FHFA's review and approval, the amounts payable to each eligible NEO for the portion of At-Risk Deferred Salary based on Corporate Scorecard goals and individual performance.

FREDDIE MAC  |  2024 Form 10-K240

Executive CompensationCompensation Discussion and Analysis

At-Risk Deferred Salary Based on Conservatorship Scorecard Performance

Half of each eligible NEO's 2024 At-Risk Deferred Salary, or 15% of Target TDC, was subject to reduction based on FHFA's assessment of (1) the company's performance against the goals in the 2024 Conservatorship Scorecard and (2) the Assessment Criteria as defined and described below. FHFA independently assessed our performance against the 2024 Conservatorship Scorecard and the Assessment Criteria and determined that a 93% funding level was justified for the portion of the eligible NEO's At-Risk Deferred Salary. In assessing our performance against the 2024 Conservatorship Scorecard, the factors considered by FHFA included our completion of all of the FHFA-established Conservatorship Scorecard objectives and our performance against FHFA's Assessment Criteria.

In making its assessment, FHFA used the following criteria (collectively, the Assessment Criteria), including how:

n    Our products and programs fostered liquid, competitive, efficient, and resilient housing finance markets that support affordable, sustainable, and equitable access to homeownership and rental housing.

n    We conducted business in a safe and sound manner.

n    We met expectations under all FHFA requirements, including those pertaining to capital, liquidity, and credit risk transfer.

n    We continued to manage operations while in conservatorship in a manner that preserves and conserves assets through the prudent stewardship of resources.

n    We cooperated and collaborated with FHFA to meet the Conservator’s priorities and guidance throughout the course of the year in alignment with FHFA’s FAIR values (Fairness, Accountability, Integrity, and Respect).

n    We delivered work products that are high quality, thorough,