Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 61

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 61
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The compensation committee previously
established our Stock Award Deferral Program. The Stock Award Deferral Program consisted of two distinct non-qualified deferred compensation
plans within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended: one for non-employee directors (the “Director
Plan”) and one for certain executive officers (the “Executive Officer Plan”). Under the Stock Award Deferral Program,
non-employee directors and certain executive officers could elect to defer payment of certain stock awards made pursuant to our equity
incentive plan. Deferred awards are treated as deferred stock units and paid at the earlier of separation from service or a date elected
by the participant who is separating. Payments are generally made in a lump sum or, if elected by the participant, in five annual installments.
Deferred awards receive dividend equivalents during the deferral period in the form of additional deferred stock units. Amounts are paid
at the end of the deferral period by delivery of shares from our equity incentive plan (plus cash for any fractional deferred stock units),
less any applicable tax withholdings. Deferral elections do not alter any vesting requirements applicable to the underlying stock award.
On November 5, 2024, the compensation committee took action to terminate the Executive Officer Plan and suspend new deferral elections
under the Director Plan. The Executive Officer Plan will be liquidated on November 30, 2025, and all amounts outstanding under the Executive
Officer Plan on the liquidation date will be paid at that time in accordance with applicable tax rules. All deferrals previously made
under the Director Plan will remain outstanding, and all deferrals pursuant to prior elections made by directors will be paid on the originally
scheduled payment dates.

The following table shows the contributions,
earnings, distributions, and year-end account values for each named executive officer under the Stock Award Deferral Program for the fiscal
year ended December 31, 2024.

| Name                    |     Executive 
 Contributions 
           ($) | Registrant    
 Contributions 
 ($)           | Aggregate 
  Earnings 
       ($) |     Aggregate 
  Withdrawals/ 
 Distributions 
           ($) |      Balance 
           at 
 December 31, 
         2024 
       ($)(1) |
| Phillip J. Kardis II    |     1,526,297 | -             |  -372,408 |             - |    2,443,843 |
| Subramaniam Viswanathan |