Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-30

AGNC Investment Corp. (AGNC)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$14,208,500
Peter Federico total, FY2025
67th
CEO pay percentile vs peers
35:1
CEO-to-median pay ratio
94.09%
Say-on-pay support, latest vote
Companies that benchmark against AGNC
9 companies name AGNC as a compensation peer

Each company listed discloses AGNC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AGNC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Peter Federico$900,000$7,537,500$5,750,000$0$0$21,000$14,208,500
Director, President, Chief Executive Officer, and Chief Investment Officer
Christopher Kuehl900,0002,211,3002,700,0000021,0005,832,300
Former Chief Investment Officer
Gary Kain500,0003,015,0002,100,0000021,0005,636,000
Executive Chair
Bernice Bell750,0002,634,3751,875,0000021,0005,280,375
Executive Vice President and Chief Financial Officer
Sean Reid750,0002,107,5001,500,0000021,0004,378,500
Executive Vice President, Strategy and Corporate Development
Kenneth Pollack650,0001,826,5001,300,0000021,0003,797,500
Executive Vice President, General Counsel, Chief Compliance Officer, and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Peter Federico$14,208,500$13,098,200$12,318,800+1,110,300
Christopher Kuehl5,832,3007,176,6006,846,300−1,344,300
Gary Kain5,636,0009,839,000
Bernice Bell5,280,3754,431,225
Sean Reid4,378,5003,474,8003,338,700+903,700
Kenneth Pollack3,797,5003,474,8003,338,700+322,700

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Kenneth PollackEVP and General Counsel2026-03-16D29,093$10$300,531CommonForm 4 ↗
Bernice BellEVP, CFO2026-03-16D48,98810506,046CommonForm 4 ↗
Peter J. FedericoDirector2026-03-16D89,87310928,388CommonForm 4 ↗
Sean ReidEVP2026-03-16D35,03010361,860CommonForm 4 ↗
Gary D. KainDirector2026-03-16D58,51210604,429CommonForm 4 ↗
Donna J. BlankDirector2026-04-16A17,045RSUForm 4 ↗
Christine L. HurtsellersDirector2026-04-16A17,045RSUForm 4 ↗
John D. FiskDirector2026-04-16A17,045RSUForm 4 ↗
Andrew A. Johnson, JrDirector2026-04-16A17,045RSUForm 4 ↗
Prue B. LaroccaDirector2026-04-16A17,045RSUForm 4 ↗
Frances R. SparkDirector2026-04-16A17,045RSUForm 4 ↗
Morris A. DavisDirector2026-04-16A17,045RSUForm 4 ↗
Paul E. MullingsDirector2026-04-16A17,045RSUForm 4 ↗
Peter J. FedericoDirector2026-04-24D64,41111702,595CommonForm 4 ↗
Peter J. FedericoDirector2026-04-24D64,41211713,621CommonForm 4 ↗
Peter J. FedericoDirector2026-04-24D64,41111710,389CommonForm 4 ↗
Paul E. MullingsDirector2026-05-04D6,8001173,032CommonForm 4 ↗
Donna J. BlankDirector2026-05-06D22,00011237,050CommonForm 4 ↗
Bernice BellEVP, CFO2026-05-12D10,00011107,920CommonForm 4 ↗
Bernice BellEVP, CFO2026-07-28D5,0001155,000CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Gary KainPSU2025-03-030136,734273,468$1,407,000
Christopher KuehlRSU2025-03-03131,195
Peter FedericoRSU2025-03-03184,4021,897,500
Kenneth PollackPSU2025-03-03063,168126,336650,000
Kenneth PollackRSU2025-03-0363,168
Bernice BellPSU2025-03-03091,107182,214937,500
Sean ReidPSU2025-03-03072,886145,772750,000
Sean ReidRSU2025-03-0372,886
Gary KainRSU2025-03-0367,346693,000
Bernice BellRSU2025-03-0391,107
Peter FedericoPSU2025-03-030374,392748,7843,852,500
Christopher KuehlPSU2025-03-030131,195262,3901,350,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Gary Kain$693,000$1,407,000$067.0%
Christopher Kuehl01,350,0000100.0%
Peter Federico1,897,5003,852,500067.0%
Kenneth Pollack0650,0000100.0%
Bernice Bell0937,5000100.0%
Sean Reid0750,0000100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gary KainRSU633,604$6,792,235
Gary KainRSU66,304710,779
Gary KainRSU537,7795,764,991
Christopher KuehlRSU273,5672,932,638
Christopher KuehlRSU110,5711,185,321
Peter FedericoRSU150,1561,609,672
Peter FedericoRSU208,4142,234,198
Bernice BellRSU35,871384,537
Bernice BellRSU168,8771,810,361
Kenneth PollackRSU71,397765,376
Sean ReidRSU47,319507,260
Peter FedericoRSU423,1454,536,114
Bernice BellRSU68,255731,694
Bernice BellRSU143,3341,536,540
Gary KainRSU76,118815,985
Christopher KuehlRSU58,122623,068
Christopher KuehlRSU232,1982,489,163
Kenneth PollackRSU24,879266,703
Kenneth PollackRSU117,0861,255,162
Kenneth PollackRSU47,319507,260
Kenneth PollackRSU99,3791,065,343
Sean ReidRSU117,0861,255,162
Sean ReidRSU99,3791,065,343
Christopher KuehlRSU148,2781,589,540
Gary KainRSU154,5431,656,701
Peter FedericoRSU640,2136,863,083
Gary KainRSU126,1341,352,156
Peter FedericoRSU78,936846,194
Peter FedericoRSU754,3038,086,128
Bernice BellRSU102,9721,103,860
Sean ReidRSU24,879266,703
Sean ReidRSU82,378883,092
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation programs for all of our employees, including our NEOs, are designed to focus on key strategic and financial objectives including: Pay-for-Performance, Attraction and Retention, Alignment with Stockholders, Financial Efficiency, Strong Compensation Governance

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-16346,691,94021,761,8237,161,00594.09%Passed
20252025-04-17306,410,43220,875,6207,136,11893.62%Passed
20242024-04-18233,594,07914,989,6164,908,21693.97%Passed
20232023-04-20231,423,42210,314,2613,897,94695.73%Passed
20222022-04-21213,840,96621,258,2343,442,92290.96%Passed
20212021-04-22251,486,49519,427,4813,415,20192.83%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-1694.09%a
20252025-04-1793.62%b
20242024-04-1893.97%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and any broker non-votes will have the same effect as voting against the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of the proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)35 : 1
CEO total compensation$14,208,500
Median employee compensation$403,062
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Prue B. LaroccaIndependent · Lead Independent Director · Executive (Chair) · Pricing (Chair) · Audit · Compensation and Corporate Governance$265,000$180,000$0$0$0$445,000
Donna J. BlankIndependent · Audit (Chair)160,000180,000000340,000
John D. FiskIndependent · Compensation and Corporate Governance (Chair)151,250180,000000331,250
Frances R. SparkIndependent · Audit125,000180,000000305,000
Paul E. MullingsIndependent · Compensation and Corporate Governance125,000180,000000305,000
Andrew A. Johnson, JrIndependent · Audit125,000180,000000305,000
Morris A. DavisIndependent · Compensation and Corporate Governance · Departed during FY40,000000040,000
Peter J. FedericoEmployee director · Pricing00000
Gary D. KainEmployee director · Board Chair · Executive00000
Christine L. HurtsellersIndependent · Audit · Partial-year service · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$125,000
Annual equity retainer$180,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 35,000
Stock ownership guideline$625,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$991,250
Equity awards (grant-date value)$1,080,000
All other compensation$0
Total cost of the board$2,071,250

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies AGNC Investment Corp. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including AGNC Investment Corp..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Annaly Capital Management, Inc.2025David Finkelstein$1,000,000$9,483,629$0$0$19,270,629
2AGNC Investment Corp.2025Peter Federico900,0005,750,000014,208,500
3Dynex Capital, Inc.2025Byron Boston900,0003,122,24803,192,4807,771,011
4Two Harbors Investment Corp.2024William Greenberg919,0383,066,56101,799,6805,785,279
5Orchid Island Capital, Inc.2025Robert Cauley00000
6ARMOUR Residential REIT, Inc.2025Scott Ulm00000
Invesco Mortgage Capital Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
AGNC Investment Corp.not disclosedPSU 67 · RSU 33NoFW Cook
Annaly Capital Management, Inc.142%PSU 60 · RSU 40NoSemler Brossy
ARMOUR Residential REIT, Inc.not disclosedRSU 100not disclosednot disclosed
Dynex Capital, Inc.355%PSU 60 · RSU 40NoFPC
Invesco Mortgage Capital Inc.not disclosedOther 100not disclosedFerguson Partners Consulting L.P.
Orchid Island Capital, Inc.not disclosedOther 50 · LTIP Units 50Nonot disclosed
Two Harbors Investment Corp.94.7%PSU 50 · RSU 50Yes — Three-year Absolute TSRPay Governance LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at AGNC Investment Corp. in fiscal 2025?
The highest-paid executive at AGNC Investment Corp. in fiscal 2025 was Peter Federico, who held the titles of Director, President, Chief Executive Officer, and Chief Investment Officer.
How does AGNC Investment Corp.'s chief executive pay compare to its disclosed peer group?
As disclosed, the CEO pay percentile of disclosed peers was the 67th percentile.
What is AGNC Investment Corp.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 35:1.
How did shareholders vote on AGNC Investment Corp.'s executive compensation?
Shareholder support for the latest executive compensation vote was 94.09%.
How much does AGNC Investment Corp. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $2,071,250.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Peter FedericoDEF 14A2026-03-060001423689-26-000058Section “2025 Summary Compensation Table”. As printed: 14,208,500. Filing ↗machine: r2 · c18 · span 710764–710774
2Section 01, Christopher KuehlDEF 14A2026-03-060001423689-26-000058Section “2025 Summary Compensation Table”. As printed: 5,832,300. Filing ↗machine: r17 · c18 · span 735146–735155
3Section 01, Gary KainDEF 14A2026-03-060001423689-26-000058Section “2025 Summary Compensation Table”. As printed: 5,636,000. Filing ↗machine: r8 · c18 · span 720159–720168
4Section 01, Bernice BellDEF 14A2026-03-060001423689-26-000058Section “2025 Summary Compensation Table”. As printed: 5,280,375. Filing ↗machine: r5 · c18 · span 715268–715277
5Section 01, Sean ReidDEF 14A2026-03-060001423689-26-000058Section “2025 Summary Compensation Table”. As printed: 4,378,500. Filing ↗machine: r14 · c18 · span 730083–730092
6Section 01, Kenneth PollackDEF 14A2026-03-060001423689-26-000058Section “2025 Summary Compensation Table”. As printed: 3,797,500. Filing ↗machine: r11 · c18 · span 725258–725267
7Section 03, Gary Kain PSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r12 · c4 · span 761093–761100
8Section 03, Christopher Kuehl RSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r20 · c6 · span 770386–770393
9Section 03, Peter Federico RSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r5 · c6 · span 752166–752173
10Section 03, Kenneth Pollack PSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r14 · c6 · span 763602–763608
11Section 03, Kenneth Pollack RSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r14 · c6 · span 763602–763608
12Section 03, Bernice Bell PSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r8 · c6 · span 756108–756114
13Section 03, Sean Reid PSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r17 · c6 · span 766726–766732
14Section 03, Sean Reid RSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r17 · c6 · span 766726–766732
15Section 03, Gary Kain RSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r11 · c6 · span 759660–759666
16Section 03, Bernice Bell RSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r8 · c6 · span 756108–756114
17Section 03, Peter Federico PSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r6 · c4 · span 753602–753609
18Section 03, Christopher Kuehl PSUDEF 14A2026-03-060001423689-26-000058Section “Grants of Plan-Based Awards in Fiscal Year 202” · grants of plan-based awards table. Filing ↗machine: t157 · r20 · c6 · span 770386–770393
19Section 07, pay ratioDEF 14A2026-03-060001423689-26-000058Section “CEO Pay Ratio”. As printed: 35 : 1. Filing ↗machine: span 299233–299235
20Section 08, Prue B. LaroccaDEFA14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 445,000. Filing ↗machine: t47 · r7 · c3 · span 312084–312091
21Section 08, Donna J. BlankDEFA14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 340,000. Filing ↗machine: t47 · r2 · c3 · span 306797–306804
22Section 08, John D. FiskDEFA14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 331,250. Filing ↗machine: t47 · r4 · c3 · span 309062–309069
23Section 08, Frances R. SparkDEFA14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 305,000. Filing ↗machine: t47 · r9 · c3 · span 314058–314065
24Section 08, Paul E. MullingsDEFA14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 305,000. Filing ↗machine: t47 · r8 · c3 · span 313007–313014
25Section 08, Andrew A. Johnson, JrDEFA14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 305,000. Filing ↗machine: t47 · r6 · c3 · span 311162–311169
26Section 08, Morris A. DavisDEFA14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 40,000. Filing ↗machine: t47 · r3 · c1 · span 307510–307516
27Section 08, Peter J. FedericoDEF 14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 0. Filing ↗
28Section 08, Gary D. KainDEF 14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 0. Filing ↗
29Section 08, Christine L. HurtsellersDEF 14A2026-03-060001423689-26-000060Section “Director Compensation”. As printed: 0. Filing ↗machine: t47 · r5 · c3 · span 310055–310056
30Section 02, Kenneth Pollack 2026-03-16Form 42026-03-170001423689-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Bernice Bell 2026-03-16Form 42026-03-170001423689-26-000072Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Peter J. Federico 2026-03-16Form 42026-03-170001423689-26-000068Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Sean Reid 2026-03-16Form 42026-03-170001423689-26-000070Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Gary D. Kain 2026-03-16Form 42026-03-170001423689-26-000069Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Donna J. Blank 2026-04-16Form 42026-04-170001423689-26-000090Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Christine L. Hurtsellers 2026-04-16Form 42026-04-170001423689-26-000087Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, John D. Fisk 2026-04-16Form 42026-04-170001423689-26-000088Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Andrew A. Johnson, Jr 2026-04-16Form 42026-04-170001423689-26-000086Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Prue B. Larocca 2026-04-16Form 42026-04-170001423689-26-000085Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Frances R. Spark 2026-04-16Form 42026-04-170001423689-26-000082Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Morris A. Davis 2026-04-16Form 42026-04-170001423689-26-000092Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Paul E. Mullings 2026-04-16Form 42026-04-170001423689-26-000084Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Peter J. Federico 2026-04-24Form 42026-04-280001423689-26-000097Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Peter J. Federico 2026-04-24Form 42026-04-280001423689-26-000097Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Peter J. Federico 2026-04-24Form 42026-04-280001423689-26-000097Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Paul E. Mullings 2026-05-04Form 42026-05-050001423689-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Donna J. Blank 2026-05-06Form 42026-05-070001423689-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Bernice Bell 2026-05-12Form 42026-05-140001423689-26-000105Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Bernice Bell 2026-07-28Form 42026-07-300001423689-26-000126Insider equity transaction reported since the proxy statement. Filing ↗
50Section 06, 2026 voteForm 8-K2026-04-170001423689-26-000083Item 5.07 · say-on-pay result. As reported: 94.09% (votes for as printed: 346,691,940). Filing ↗
51Section 06, 2025 voteForm 8-K2025-04-180001423689-25-000041Item 5.07 · say-on-pay result. As reported: 93.62% (votes for as printed: 306,410,432). Filing ↗
52Section 06, 2024 voteForm 8-K2024-04-220001423689-24-000034Item 5.07 · say-on-pay result. As reported: 93.97% (votes for as printed: 233,594,079). Filing ↗
53Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
54Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
55Section 09b board cost (computed)ComputedcomputedCash 991,250 + equity 1,080,000 + all other 0 = 2,071,250, summed across the director compensation table rows.machine: formula: Σ = 2,071,250
56Annaly Capital Management, Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-052954CEO total compensation as printed in Annaly Capital Management, Inc.'s own proxy. As printed: 19,270,629. Filing ↗machine: t91 · r1 · c36 · span 1399922–1399932
57AGNC Investment Corp. (subject), Section 10b CEO totalDEF 14A2026-03-060001423689-26-000058CEO total compensation as printed in AGNC Investment Corp.'s own proxy. As printed: 14,208,500. Filing ↗machine: r2 · c18 · span 710764–710774
58Dynex Capital, Inc., Section 10b CEO totalDEF 14A2026-04-070001104659-26-040189CEO total compensation as printed in Dynex Capital, Inc.'s own proxy. As printed: 7,771,011. Filing ↗machine: t104 · r2 · c19 · span 1099489–1099498
59Two Harbors Investment Corp., Section 10b CEO totalDEF 14A2025-04-020001465740-25-000090CEO total compensation as printed in Two Harbors Investment Corp.'s own proxy. As printed: 5,785,279. Filing ↗machine: r2 · c42 · span 566941–566950
60Orchid Island Capital, Inc., Section 10b CEO totalDEF 14A2026-04-270001437749-26-013358CEO total compensation as printed in Orchid Island Capital, Inc.'s own proxy. As printed: 0. Filing ↗
61ARMOUR Residential REIT, Inc., Section 10b CEO totalDEF 14A2026-03-190001428205-26-000040CEO total compensation as printed in ARMOUR Residential REIT, Inc.'s own proxy. As printed: 0. Filing ↗
62Section 10a, Dynex Capital, Inc. reciprocityDEF 14A0001104659-26-040189Dynex Capital, Inc.'s most recent proxy was read; its disclosed peer group does not include AGNC Investment Corp.. Filing ↗
63Section 10a, Annaly Capital Management, Inc. reciprocityDEF 14A0001104659-26-052954Annaly Capital Management, Inc. names AGNC Investment Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Orchid Island Capital, Inc. reciprocityDEF 14A0001437749-26-013358Orchid Island Capital, Inc. names AGNC Investment Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, Two Harbors Investment Corp. reciprocityDEF 14A0001465740-25-000090Two Harbors Investment Corp. names AGNC Investment Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, ARMOUR Residential REIT, Inc. reciprocityDEF 14A0001428205-26-000040ARMOUR Residential REIT, Inc. names AGNC Investment Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗