Company: RITM-PC
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033195
Chunk: 45

Company: Rithm Capital Corp.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 45
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 end of the performance period. Additionally, Mr. Sivin was granted equity compensation in February 2025 in connection with performance for the 2024 fiscal year, using a combination of time-vesting and performance-vesting Class B Profits Units of RCM designated as “Share-Settled Awards.” While the long-term equity incentive awards made to Messrs. Santoro and Zeiden that were awarded in February 2025 were related to performance in 2024, the grant date value of those awards has not been included in the “Summary Compensation Table for 2024” or the “Grant of Plan Based Awards in 2024” table below in accordance with SEC disclosure rules and will instead be included in our proxy statement filed in 2026. Employee Benefits. Our named executive officers are generally eligible to participate in the same health, welfare and retirement benefits that apply to the employees of Rithm Capital Corp. generally. We do not sponsor or maintain any defined benefit pension plans or similar arrangements and did not provide any perquisites to our named executive officers in 2024. Other Compensation. During Mr. Zeiden’s employment at Sculptor, in 2023 and earlier years, he was granted deferred cash interests (“DCIs”) under the Sculptor Deferred Cash Interest Plan (the “DCI Plan”). As part of his compensation, Mr. Zeiden retained his “legacy” DCIs when he transitioned to employment with the Company. Payments made to Mr. Zeiden pursuant to his DCIs reflect a portion of his annual cash bonus for the applicable year end and notional fund investments made by Sculptor on behalf of the applicable employee and vest in equal portions on January 1 st of each of the three years following the applicable grant date. Mr. Zeiden vested in, and received, a DCI payment of $137,074 in 2024. Employment Agreements and Offer Letters with our Named Executive Officers Michael Nierenberg. We are party to an employment agreement, dated as of June 17, 2022 (the “Original Employment Agreement”), with Mr. Nierenberg, which was amended by the first amendment to employment agreement, dated as of March, 14, 2024 (as amended, the “Amended Employment Agreement”). Pursuant to the Original Employment Agreement, Mr. Nierenberg received a base salary at the annualized rate of $1,250,000, in addition to specified short- and long- term incentive goals. Pursuant to the Am