Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 382

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 382
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The table below describes the compensation and benefits that would have been payable to each NEO had the officer terminated their employment under various circumstances as of December 31, 2024. 

The table below does not address changes in control, as we are not obligated to provide any additional compensation to our NEOs in connection with a change in control. The table also does not address potential payments upon a termination for cause, which is a termination resulting from the occurrence of an event or conduct described in the Recapture and Forfeiture Agreement. All earned but unpaid Deferred Salary is subject to forfeiture upon the occurrence of such a termination. However, the amount of compensation, if any, to be recaptured and/or forfeited is determined by the Board of Directors, which can only occur following the occurrence of a for cause termination. See Executive Compensation - CD&A - Written Agreements Relating to NEO Employment - Recapture and Forfeiture Agreement.

The table below does not include vested balances in the SERP and SERP II. All NEOs are fully vested in their account balances. Amounts shown in the table also do not include certain items available to all employees generally upon a termination event. 

The table below also does not include stock options or RSUs, as there were no outstanding stock options or RSUs held by NEOs as of December 31, 2024. 

Table 67 - Compensation and Benefits if NEO Terminated Employment as of December 31, 2024

Named Executive Officer(1)DeathDisabilityRetirement(2)All Other NotFor CauseTerminations(3)Michael T. HutchinsPay Component2024 Fixed Deferred Salary1,920,0001,920,0001,920,0002024 At-Risk Deferred Salary(4)1,080,0001,080,0001,042,2002024 Interest on Deferred Salary(6)44,90697,71695,9052023 At-Risk Deferred Salary(5)1,020,6001,020,6001,020,6002023 Interest on Deferred Salary(6)39,22348,27448,274Total$4,104,729 $4,166,590 $4,126,979 $— James M. WhitlingerPay Component2024 Fixed Deferred Salary547,500547,500547,5002024 At-Risk Deferred Salary(4)427,500427,500412,5382024 Interest on Deferred Salary(6)14,