Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 39

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 39
---
 of the                                                                                                                                   
 weighting) for the Annual Cash Bonus Measurement Period was approximately 23.6%, which placed us 2nd across the 32                                                                           
 companies in the iShares Mortgage Real Estate ETF; our Relative Economic Return (carrying 35% of the weighting) for the Annual Cash                                                          
 Bonus Measurement Period was approximately 15.46%, which placed us 5th across the 32 companies in the iShares Mortgage                                                                       
 Real Estate ETF; and combined with achievement of strategic goals by each named executive officer during the 2024 calendar year                                                              
 carrying 30% of the weighting, resulting in 2024 annual cash bonuses being awarded to the named executive officers ranging from 166%                                                         
 to 189% of the target;                                                                                                                                                                       |
| ● | the named executive officers received a fixed grant of RSUs in early 2024 vesting ratably over three years.                                                                                  |
| ● | the named executive officers received a grant of PSUs in early 2024 that become earned based on our Relative Economic Return and Relative TSR performance in the LTI Measurement Period; and |
| ● | for the 2022 PSUs, which were earned based on Relative Economic                                                                                                                              
 Return for the three-year period beginning October 1, 2021 and ending September 30, 2024 under the NEOs’ prior employment agreements,                                                        
 our Relative Economic Return for that period was approximately -17.56%, which placed us 20th across the 32 companies included                                                                
 in the iShares Mortgage Real Estate ETF. This performance resulted in shares being issued pursuant to the 2022 PSU award at 62.4% of                                                         
 the target award amount.                                                                                                                                                                     |

Mr. Macdowell
joined the Company as the Chief Investment Officer on December 2, 2024. As noted above, Mr. Macdowell voluntarily waived his prorated
2024 annual cash bonus. He also received no long-term incentive compensation for 2024.

Compensation Policies

The compensation committee has
established the following compensation policies that we believe are in the best, long-term interests of our stockholders:

<div align='center'>What We Do and How We Do It</div>

| Provide                                                                        
 a majority of compensation in performance-based compensation                   |     | For                                                                                                                                               
 our CEO, 58% of target total direct compensation is performance-based                                                                             |
| Pay                                                                            
 for performance based on measurable goals for both annual and long-term awards |     |