Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 43

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 43
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be able to meet our January 30 deadline if we used the full calendar year.

Relative ROE Performance (35% of weighting) over Annual Cash Bonus Measurement Period. The following chart summarizes the ROE performance goals and results
for 2024:

|                     |     | Percentage of the ROE |                 |
| Relative ROE        |     | Component Payable     |                 |
| Less than Threshold |     | 0%                    | 2024 ROE Result 
 23.6%           
 97th Percentile |
| 50th Percentile     |     | 100%                  |                 |
| 75th Percentile     |     | 150%                  |                 |
| 100th Percentile    |     | 200%                  |                 |

<div align='center'>24</div>

In accordance with the Employment
Agreements in effect during 2024, the Threshold was set at the lesser of (x) the average of the weekly 2-year Treasury note rates published
in the U.S. Reserve H.15 Report for the 52 weeks in the Annual Cash Bonus Measurement Period plus 100 basis points or (y) the 25
percentile of Relative ROE. The percentage of target payable for Relative ROE achieved between the percentiles set forth in the above
table (if performance is above the Threshold) is determined by linear interpolation. If the achieved Relative ROE is at or above the Threshold
but below the 50 percentile, the percentile corresponding to the achieved Relative ROE will be used when applying such linear
interpolation. Notwithstanding the foregoing, in the event that the Company ROE for the Annual Cash Bonus Measurement Period is at or
below zero, achievement of the ROE component shall be deemed to not exceed 100%. Average weekly 2-year Treasury note rates plus 100 basis
points was 5.5% during the Annual Cash Bonus Measurement Period and the 25 percentile performance of the iShares Mortgage
Real Estate ETF constituents was 1.0%, meaning that the threshold goal for the 2024 performance period was 1.0%.

Relative Economic Return (35% of weighting) over Annual Cash Bonus Measurement Period. The following chart summarizes the Economic Return performance goals and results for 2024:

|                     |     | Percentage of the |                 |
| Relative Economic   |     | Economic Return   |                 |
| Return              |     | Component Payable |                 |
| Less than Threshold |     | 0