Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 47

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 47
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 RSU grants using the closing stock
price on the date of grant, creating the difference between the intended values below and those reported in the Summary Compensation Table.
The following chart summarizes the Fixed LTI RSU bonus awards for 2024:

| 2024 Fixed LTI Bonus (RSU Award) |            |           |                |
| Name                             |     Amount | 

# Shares* | Vesting        |
| Phillip J. Kardis II             | $1,400,000 |    91,150 | 3-year ratable |
| Subramaniam Viswanathan          |   $650,000 |    42,320 | 3-year ratable |
| Dan Thakkar                      |   $500,000 |    32,554 | 3-year ratable |
| Miyun Sung                       |   $200,000 |    13,022 | 3-year ratable |

* The total share numbers reflect
a 1-for-3 reverse stock split that became effective following the close of business on May 21, 2024.

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LTI Bonus (PSU Award): 2024-2026. In accordance with the Employment Agreements in effect during 2024, the PSU bonus for 2024 was provided as
an award of PSUs under our equity compensation plan granted early in 2024 with a three-year performance period (2024-2026), i.e. the LTI
Measurement Period. The target number of PSUs granted was based on the target value of the award and the average daily VWAP for the Company’s
common stock for the 20 consecutive trading days ending on December 29, 2023. On this basis, the target number of PSUs granted for the
PSU bonus for 2024 was as follows:

| 2024-2026 LTI Bonus (Target PSU Award) |            |                                    |                           |
| Name                                   |     Amount | Target PSUs (#) Performance Period |                           |
| Phillip J. Kardis II                   | $1,400,000 |                             91,150 | 3-year performance period |
| Subramaniam Viswanathan                |   $650,000 |                             42,320 | 3-year performance period |
| Dan Thakkar                            |   $500,000 |                             32,554 | 3-year performance period |
| Miyun Sung                             |   $