Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 82

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 82
---
 Nicholas Mah            |     | $                                                      |  65,841 |     | $                         | 306,047 |     | $                            | 371,888 |
| Kristine R. Nario-Eng   |     | $                                                      |  27,633 |     | $                         | 172,148 |     | $                            | 199,781 |

| Named Executive Officer |     | 2022                                                   
 Dividends on Outstanding and Unvested Restricted Stock |         |     | Settlement of Vested DERs |         |     | Total All Other Compensation |         |
|:------------------------|:----|:-------------------------------------------------------|--------:|:----|:--------------------------|--------:|:----|:-----------------------------|--------:|
| Jason T. Serrano        |     | $                                                      | 138,869 |     | $                         | 166,408 |     | $                            | 305,277 |
| Kristine R. Nario-Eng   |     | $                                                      |  36,127 |     | $                         |  62,403 |     | $                            |  98,530 |

#### Discussion of Summary Compensation Table
Cash Bonus. In connection with the adoption of our annual incentive plans, cash incentive amounts paid under these plans for each of 2024, 2023 and 2022 not involving the exercise of positive discretion by the Compensation Committee are deemed to be grants of non-equity incentive compensation while cash incentive amounts paid pursuant to the exercise of positive discretion are deemed to be cash bonus. See “—Compensation Discussion and Analysis—Executive Compensation Program Components for 2024— Annual Incentive Compensation.”

Stock Awards. As discussed in footnote (1) to the “Summary Compensation Table” above, we include restricted stock awards granted in 2023 as compensation in the prior year because the size of the annual restricted stock awards were determined and awarded by the Compensation Committee in consideration of the amount deemed earned under the annual incentive compensation plan for 2022 and each person’s individual performance and our performance during such year. Each restricted stock award granted to our NEOs under our annual incentive plans vests ratably on each of the first, second and third anniversaries of the date of grant.

| 73 |

#### Grants of Plan-Based Awards
The following table presents information regarding plan-based awards to our NEOs during the fiscal year ended December 31, 2024. See the information under the caption “—Other