Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

MFA FINANCIAL, INC. (MFA)

CEO Craig Knutson was paid $7,079,634 in fiscal year 2025, ↓ down 12.4% from fiscal year 2024, the 67th percentile of its disclosed peer group (SEC filing 0001140361-26-015388 ↗): 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.

$7,079,634 ↓
Craig Knutson total, FY2025
67th
CEO pay percentile vs peers
69.2:1
CEO-to-median pay ratio
95.75%
Say-on-pay support, latest vote

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- Craig Knutson (Chief Executive Officer), FY2025 total compensation $7,079,634 (base salary $825,000) [exec_comp, SEC accession 0001140361-26-015388, filed 2026-04-17]

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MFA's next annual pay disclosure, estimated April 16, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Craig Knutson$825,000$555,500$4,080,011—$1,605,123—$14,000$7,079,634
Chief Executive Officer
Bryan Wulfsohn700,000422,5002,250,009—1,033,000—14,0004,419,509
President and Chief Investment Officer
Michael Roper500,000896,000800,024———14,0002,210,024
Senior Vice President and Chief Financial Officer
Harold Schwartz475,000648,000750,013———14,0001,887,013
Senior Vice President, General Counsel and Secretary
Lori Samuels400,000565,000600,018———14,0001,579,018
Senior Vice President and Chief Loan Operations Officer

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 FY2024→2025
Craig Knutson$7,079,634$8,081,167$6,640,540↓ −1,001,533
Bryan Wulfsohn4,419,5094,298,3593,368,241↑ +121,150
Michael Roper2,210,0242,013,8171,313,217↑ +196,207
Harold Schwartz1,887,0132,088,8101,763,214↓ −201,797
Lori Samuels1,579,018———

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

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$7,079,634 Craig Knutson total, FY2025

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Data as of June 10, 2026 · Source: 0001140361-26-015388 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Bryan WulfsohnPresident$4,419,509
Craig KnutsonCEO$7,079,634
Harold SchwartzGeneral Counsel$1,887,013
Lori SamuelsSVP$1,579,018
Michael RoperCFO$2,210,024
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Christopher SmallIndependent Director$280,000
Laurie S. GoodmanChair of the Board$385,000
Lisa PolskyIndependent Director$290,000
Richard C. WaldIndependent Director$285,000
Robin JosephsIndependent Director$300,000
Sheila A. StampsIndependent Director$270,000
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
Christopher SmallDirector2026-06-08A16,448$0$0Derivative, Class A CommonForm 4 ↗
Lisa PolskyDirector2026-06-08A16,44800Derivative, Class A CommonForm 4 ↗
Richard C. WaldDirector2026-06-08A16,44800Derivative, Class A CommonForm 4 ↗
Sheila A. StampsDirector2026-06-08A16,44800Derivative, Class A CommonForm 4 ↗
Robin JosephsDirector2026-06-08A16,44800Derivative, Class A CommonForm 4 ↗
Laurie S. GoodmanDirector2026-06-08A29,05700Derivative, Class A CommonForm 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
Bryan WulfsohnRSU2025-01-02——88,063—$900,004
Michael RoperRSU2025-01-02——31,312—320,009
Harold SchwartzPSU2025-01-02—47,354——450,005
Lori SamuelsPSU2025-01-02—37,884——360,011
Bryan WulfsohnPSU2025-01-02—142,061——1,350,005
Michael RoperPSU2025-01-02—50,512——480,015
Craig KnutsonPSU2025-01-02—257,604——2,448,010
Lori SamuelsRSU2025-01-02——23,484—240,007
Harold SchwartzRSU2025-01-02——29,355—300,008
Craig KnutsonRSU2025-01-02——159,687—1,632,001
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Bryan Wulfsohn$900,004$1,350,005$060.0%
Michael Roper320,009480,015060.0%
Harold Schwartz300,008450,005060.0%
Lori Samuels240,007360,011060.0%
Craig Knutson1,632,0012,448,010060.0%

% 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
Michael RoperRSU21,334—$198,620
Craig KnutsonRSU257,604—2,398,293
Lori SamuelsRSU23,484—218,636
Craig KnutsonRSU142,223—1,324,096
Harold SchwartzRSU47,354—440,866
Craig KnutsonRSU159,687—1,486,686
Bryan WulfsohnRSU142,061—1,322,588
Bryan WulfsohnRSU99,499—926,336
Bryan WulfsohnRSU61,334—571,020
Michael RoperRSU34,609—322,210
Lori SamuelsRSU14,223—132,416
Harold SchwartzRSU29,355—273,295
Harold SchwartzRSU24,000—223,440
Michael RoperRSU31,312—291,515
Lori SamuelsRSU23,073—214,810
Bryan WulfsohnRSU88,063—819,867
Craig KnutsonRSU230,721—2,148,013
Michael RoperRSU50,512—470,267
Harold SchwartzRSU38,935—362,485
Lori SamuelsRSU37,884—352,700
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee's fundamental philosophy is to closely align these compensation programs with the achievement of annual and long-term performance goals tied to our financial success and the creation of stockholder value.

CEO STI target (% of salary)245%
CEO LTI target (% of salary)—
Independent consultantFrederic W. Cook & Co., Inc. (FW Cook)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0348,100,1152,135,819671,10795.75%Passed
20252025-06-0356,166,3081,801,099539,90196.89%Passed
20242024-06-0453,991,7354,323,288384,36792.59%Passed
20232023-06-0650,844,6612,080,159353,45196.07%Passed
20222022-06-0751,061,6391,928,139391,56696.36%Passed
20212021-06-02210,458,4848,549,8152,387,11096.1%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
20262026-06-0395.75%a
20252025-06-0396.89%b
20242024-06-0492.59%c

a. Approved under the standard stated in the filing — “Abstentions do not count as votes cast on any of the election of directors, the ratification of the appointment of KPMG LLP or the advisory (non-binding) Say-on-Pay vote and will have no effect on the results of such proposals.”.

b. Approved under the standard stated in the filing — “Abstentions do not count as votes cast on any of the election of directors, the ratification of the appointment of KPMG LLP, the advisory (non-binding) Say-on-Pay vote or the proposal to approve the Amended Plan and will have no effect on the results of such proposals.”.

c. Approved under the standard stated in the filing — “Abstentions do not count as votes cast on any of the election of directors, the ratification of the appointment of KPMG LLP or the advisory (non-binding) Say-on-Pay vote and will have no effect on the results of such proposals.”.

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)69.2 : 1
CEO total compensation$7,079,634
Median employee compensation$102,285
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Laurie S. GoodmanIndependent · Board Chair · Audit · Nominating/Governance$120,000$265,000$0$0$0$385,000
Robin JosephsIndependent · Audit · Compensation (Chair) · Investment150,000150,000000300,000
Lisa PolskyIndependent · Audit (Chair) · Nominating/Governance140,000150,000000290,000
Richard C. WaldIndependent · Compensation · Nominating/Governance (Chair)135,000150,000000285,000
Christopher SmallIndependent · Audit · Compensation · Newly elected130,000150,000000280,000
Sheila A. StampsIndependent · Compensation · Nominating/Governance120,000150,000000270,000
Craig L. KnutsonEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000 / 5,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$795,000
Equity awards (grant-date value)$1,015,000
All other compensation$0
Total cost of the board$1,810,000

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 MFA FINANCIAL, INC. 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 MFA FINANCIAL, INC..

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
1Rithm Capital Corp.2025Michael Nierenberg$1,000,000$12,000,007$0$7,440,000$20,450,903
2Annaly Capital Management Inc.2025David Finkelstein1,000,0009,483,6290019,270,629
3AGNC Investment Corp.2025Peter Federico900,0005,750,0000—14,208,500
4PennyMac Mortgage Investment Trust2025David Spector1,483,3335,437,4442,025,6873,608,25012,660,536
5Arbor Realty Trust, Inc.2025Ivan Kaufman1,200,0005,259,1520011,785,559
6Dynex Capital, Inc.2025Byron Boston900,0003,122,24803,192,4807,771,011
7MFA FINANCIAL, INC.2025Craig Knutson825,0004,080,011—1,605,1237,079,634
8Velocity Financial, Inc.2025Christopher Farrar630,0002,900,00002,520,0006,564,245
9Chimera Investment Corporation2025Phillip Kardis II900,0003,890,78101,356,1806,167,961
10Redwood Trust, Inc.2025Christopher Abate975,0003,262,48101,808,0166,131,948
11BrightSpire Capital, Inc.2025Michael Mazzei800,0003,182,20901,701,0005,699,383
12Granite Point Mortgage Trust2025John Taylor1,000,0002,166,7410576,5003,757,041
13Trinity Capital Inc.2025Kyle Brown750,0000346,12503,498,220
14NexPoint Real Estate Finance, Inc.2025James Dondero02,161,170002,161,170
15Franklin BSP Realty Trust, Inc.2025Michael Comparato01,747,984001,747,984
16Blackstone Mortgage Trust, Inc.2025Timothy Johnson01,130,503001,130,503
17Apollo Commercial Real Estate Finance, Inc.2025Stuart Rothstein01,085,764001,085,764
18Claros Mortgage Trust, Inc.2025Richard Mack0757,24900757,249
19Angel Oak Mortgage REIT Inc.2025Sreeniwas Prabhu0742,07000742,070
20KKR Real Estate Finance Trust, Inc.2025Matthew Salem0688,18800688,188
21Ares Commercial Real Estate Corp.2025Bryan Donohoe0263,34000263,340
22Seven Hills Realty Trust2025Thomas J. Lorenzini089,99600100,391
23Orchid Island Capital, Inc.2025Robert Cauley00000
24Armour Residential REIT, Inc.2025Scott Ulm00000
25Ready Capital Corp.2025Thomas Capasse0———0
26Starwood Property Trust, Inc.2025Barry Sternlicht00000
—Two Harbors Investment Corp.——————not in coverage universe
—Invesco Mortgage Capital Inc.——————not in coverage universe
—Chicago Atlantic Real Estate Finance, Inc.——————not in coverage universe
—Advanced Flower Capital, Inc.2025Daniel Neville————not in coverage universe
—Ellington Financial, 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
MFA FINANCIAL, INC.107.0%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc. (FW Cook)
Advanced Flower Capital, Inc.not disclosednot disclosednot disclosednot disclosed
AGNC Investment Corp.not disclosednot disclosedNoFrederic W. Cook & Co., Inc.
Angel Oak Mortgage REIT Inc.96.26%PSU 100Yes — Relative Total Shareholder Return (TSR)Ferguson Partners Consulting L.P.
Annaly Capital Management Inc.142%PSU 60 · RSU 40NoSemler Brossy
Apollo Commercial Real Estate Finance, Inc.not disclosedRSU 100not disclosednot disclosed
Arbor Realty Trust, Inc.not disclosedPerformance-vesting restricted stock units (RSUs) 80 · Time-based vesting restricted stock 20Yes — Total Shareholder Return (TSR)not disclosed
Ares Commercial Real Estate Corp.not disclosedRSU 100not disclosedFerguson Partners Consulting, L.P.
Armour Residential REIT, Inc.not disclosedRSU 100not disclosednot disclosed
Blackstone Mortgage Trust, Inc.not disclosedRSU 100not disclosedFPL Associates, L.P.
BrightSpire Capital, Inc.97.2%RSU 50 · PRSU 50YesFerguson Partners
Chicago Atlantic Real Estate Finance, Inc.not disclosedRSU 100not disclosednot disclosed
Chimera Investment Corporation65%not disclosedYes — Relative TSRFW Cook
Claros Mortgage Trust, Inc.not disclosedRSU 100not disclosedFarient Advisors
Dynex Capital, Inc.355%PSU 60 · RSU 40NoFPC
Ellington Financial, Inc.not disclosedOP LTIP Units 100not disclosednot disclosed
Franklin BSP Realty Trust, Inc.not disclosedRSU 100not disclosedF.W. Cook
Granite Point Mortgage Trust57.7%PSU 50 · RSU 50NoSemler Brossy Consulting Group LLC
Invesco Mortgage Capital Inc.not disclosednot disclosednot disclosedFerguson Partners Consulting L.P.
KKR Real Estate Finance Trust, Inc.not disclosedRSU 100not disclosedFerguson Partners Consulting, L.P. (FPL)
NexPoint Real Estate Finance, Inc.not disclosedRSU 100not disclosednot disclosed
Orchid Island Capital, Inc.not disclosedOther 50 · LTIP Units 50Nonot disclosed
PennyMac Mortgage Investment Trustnot disclosedPSU 55 · RSU 45NoPearl Meyer
Ready Capital Corp.not disclosedRSU 50 · PSU 50Yes — Relative TSRFarient
Redwood Trust, Inc.86%PSU 55 · RSU 45Yes — relative TSR (rTSR)Semler Brossy Consulting Group, LLC
Rithm Capital Corp.186%not disclosedNoFW Cook
Seven Hills Realty Trustnot disclosedRSU 100not disclosednot disclosed
Starwood Property Trust, Inc.not disclosedRSU 100not disclosedMeridian Compensation Partners
Trinity Capital Inc.110%not disclosednot disclosedFrederic W. Cook & Co., Inc.
Two Harbors Investment Corp.not disclosedPSU 50 · RSU 50not disclosedPay Governance LLC
Velocity Financial, Inc.200%RSU 50 · PSU 50NoMercer (US) Inc.

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.

10d

Frequently asked questions

Who was the highest-paid executive at MFA FINANCIAL, INC. in fiscal 2025?
As disclosed, Craig Knutson (Chief Executive Officer) was the highest-paid executive at MFA FINANCIAL, INC. in fiscal 2025, with total compensation of $7,079,634.
How does MFA FINANCIAL, INC.'s chief executive pay compare to its disclosed peer group?
As disclosed, Craig Knutson's total compensation ranked at the 67th percentile of MFA FINANCIAL, INC.'s disclosed peer group.
What is MFA FINANCIAL, INC.'s CEO-to-median employee pay ratio?
As disclosed, MFA FINANCIAL, INC.'s CEO-to-median employee pay ratio was 69.2:1.
How did shareholders vote on MFA FINANCIAL, INC.'s executive compensation?
As disclosed, 95.75% of shareholders supported MFA FINANCIAL, INC.'s executive compensation in the latest say-on-pay vote.
How much does MFA FINANCIAL, INC. spend in total on board compensation for fiscal 2025?
As disclosed, MFA FINANCIAL, INC. reported total board compensation of $1,810,000 for fiscal 2025.

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, Craig KnutsonDEF 14A2026-04-170001140361-26-015388Section “Summary Compensation Table” · page 56. As printed: 7,079,634. Filing ↗machine: r2 · c22 · span 815805–815814
2Section 01, Bryan WulfsohnDEF 14A2026-04-170001140361-26-015388Section “Summary Compensation Table” · page 56. As printed: 4,419,509. Filing ↗machine: r5 · c22 · span 828002–828011
3Section 01, Michael RoperDEF 14A2026-04-170001140361-26-015388Section “Summary Compensation Table” · page 56. As printed: 2,210,024. Filing ↗machine: r8 · c22 · span 840925–840934
4Section 01, Harold SchwartzDEF 14A2026-04-170001140361-26-015388Section “Summary Compensation Table” · page 56. As printed: 1,887,013. Filing ↗machine: r14 · c22 · span 866367–866376
5Section 01, Lori SamuelsDEF 14A2026-04-170001140361-26-015388Section “Summary Compensation Table” · page 56. As printed: 1,579,018. Filing ↗machine: r11 · c22 · span 853392–853401
6Section 03, Bryan Wulfsohn RSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Michael Roper RSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 931092–931099
8Section 03, Harold Schwartz PSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Lori Samuels PSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, Bryan Wulfsohn PSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, Michael Roper PSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Craig Knutson PSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, Lori Samuels RSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 940457–940464
14Section 03, Harold Schwartz RSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 949718–949725
15Section 03, Craig Knutson RSUDEF 14A1900-01-010001140361-26-015388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 908528–908537
16Section 07, pay ratioDEF 14A2026-04-170001140361-26-015388Section “CEO Pay Ratio”. As printed: 69.2 : 1. Filing ↗machine: span 1342417–1342426
17Section 08, Laurie S. GoodmanDEF 14A2026-04-170001140361-26-015388Section “Director Compensation”. As printed: 385,000. Filing ↗machine: t58 · r2 · c10 · span 245963–246121
18Section 08, Robin JosephsDEF 14A2026-04-170001140361-26-015388Section “Director Compensation”. As printed: 300,000. Filing ↗machine: t58 · r3 · c10 · span 248213–248371
19Section 08, Lisa PolskyDEF 14A2026-04-170001140361-26-015388Section “Director Compensation”. As printed: 290,000. Filing ↗machine: t58 · r4 · c10 · span 250731–250889
20Section 08, Richard C. WaldDEF 14A2026-04-170001140361-26-015388Section “Director Compensation”. As printed: 285,000. Filing ↗machine: t58 · r7 · c10 · span 257290–257447
21Section 08, Christopher SmallDEF 14A2026-04-170001140361-26-015388Section “Director Compensation”. As printed: 280,000. Filing ↗machine: t58 · r5 · c10 · span 252985–253143
22Section 08, Sheila A. StampsDEF 14A2026-04-170001140361-26-015388Section “Director Compensation”. As printed: 270,000. Filing ↗machine: t58 · r6 · c10 · span 255508–255666
23Section 08, Craig L. KnutsonDEF 14A2026-04-170001140361-26-015388Section “Director Compensation”. As printed: 0. Filing ↗
24Section 02, Christopher Small 2026-06-08Form 42026-06-100001104659-26-072377Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Lisa Polsky 2026-06-08Form 42026-06-100001104659-26-072378Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Richard C. Wald 2026-06-08Form 42026-06-100001104659-26-072385Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Sheila A. Stamps 2026-06-08Form 42026-06-100001104659-26-072373Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Robin Josephs 2026-06-08Form 42026-06-100001104659-26-072380Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Laurie S. Goodman 2026-06-08Form 42026-06-100001104659-26-072383Insider equity transaction reported since the proxy statement. Filing ↗
30Section 06, 2026 voteForm 8-K2026-06-040001104659-26-070531Item 5.07 · say-on-pay result. As reported: 95.75% (votes for as printed: 48,100,115). Filing ↗
31Section 06, 2025 voteForm 8-K2025-06-050001104659-25-056839Item 5.07 · say-on-pay result. As reported: 96.89% (votes for as printed: 56,166,308). Filing ↗
32Section 06, 2024 voteForm 8-K2024-06-060001104659-24-069094Item 5.07 · say-on-pay result. As reported: 92.59% (votes for as printed: 53,991,735). Filing ↗
33Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
34Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
35Section 09b board cost (computed)Computed——Cash 795,000 + equity 1,015,000 + all other 0 = 1,810,000, summed across the director compensation table rows.machine: formula: Σ = 1,810,000
36Rithm Capital Corp., Section 10b CEO totalDEF 14A2026-04-090001104659-26-041536CEO total compensation as printed in Rithm Capital Corp.'s own proxy. As printed: 20,450,903. Filing ↗machine: span 416665–416675
37Annaly 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
38AGNC Investment Corp., 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
39PennyMac Mortgage Investment Trust, Section 10b CEO totalDEF 14A2026-04-210001193125-26-166976CEO total compensation as printed in PennyMac Mortgage Investment Trust's own proxy. As printed: 12,660,536. Filing ↗machine: r2 · c27 · span 614120–614130
40Arbor Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-160001253986-26-000027CEO total compensation as printed in Arbor Realty Trust, Inc.'s own proxy. As printed: 11,785,559. Filing ↗machine: span 343111–343121
41Dynex 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
42MFA FINANCIAL, INC. (subject), Section 10b CEO totalDEF 14A2026-04-170001140361-26-015388CEO total compensation as printed in MFA FINANCIAL, INC.'s own proxy. As printed: 7,079,634. Filing ↗machine: r2 · c22 · span 815805–815814
43Velocity Financial, Inc., Section 10b CEO totalDEF 14A2026-04-100001193125-26-150488CEO total compensation as printed in Velocity Financial, Inc.'s own proxy. As printed: 6,564,245. Filing ↗machine: r4 · c31 · span 370748–370757
44Chimera Investment Corporation, Section 10b CEO totalDEF 14A2026-04-230001206774-26-000238CEO total compensation as printed in Chimera Investment Corporation's own proxy. As printed: 6,167,961. Filing ↗machine: t63 · r1 · c7 · span 507844–507854
45Redwood Trust, Inc., Section 10b CEO totalDEF 14A2026-03-310000930236-26-000011CEO total compensation as printed in Redwood Trust, Inc.'s own proxy. As printed: 6,131,948. Filing ↗machine: span 755087–755096
46BrightSpire Capital, Inc., Section 10b CEO totalDEF 14A2026-04-010001717547-26-000026CEO total compensation as printed in BrightSpire Capital, Inc.'s own proxy. As printed: 5,699,383. Filing ↗machine: t89 · r7 · c18 · span 543725–543734
47Granite Point Mortgage Trust, Section 10b CEO totalDEF 14A2026-04-200001104659-26-045496CEO total compensation as printed in Granite Point Mortgage Trust's own proxy. As printed: 3,757,041. Filing ↗machine: r1 · c41 · span 1477032–1477041
48Trinity Capital Inc., Section 10b CEO totalDEF 14A2026-04-300001140361-26-017966CEO total compensation as printed in Trinity Capital Inc.'s own proxy. As printed: 3,498,220. Filing ↗machine: t144 · r2 · c21 · span 629020–629029
49NexPoint Real Estate Finance, Inc., Section 10b CEO totalDEF 14A2026-04-200001437749-26-012765CEO total compensation as printed in NexPoint Real Estate Finance, Inc.'s own proxy. As printed: 2,161,170. Filing ↗machine: t12 · r1 · c4 · span 302818–302827
50Franklin BSP Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-170001193125-26-161379CEO total compensation as printed in Franklin BSP Realty Trust, Inc.'s own proxy. As printed: 1,747,984. Filing ↗machine: t167 · r5 · c8 · span 543482–543491
51Blackstone Mortgage Trust, Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191913CEO total compensation as printed in Blackstone Mortgage Trust, Inc.'s own proxy. As printed: 1,130,503. Filing ↗machine: r4 · c27 · span 349508–349517
52Apollo Commercial Real Estate Finance, Inc., Section 10b CEO totalDEF 14A2026-05-290001193125-26-248362CEO total compensation as printed in Apollo Commercial Real Estate Finance, Inc.'s own proxy. As printed: 1,085,764. Filing ↗machine: r2 · c23 · span 262498–262507
53Claros Mortgage Trust, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170371CEO total compensation as printed in Claros Mortgage Trust, Inc.'s own proxy. As printed: 757,249. Filing ↗machine: t40 · r2 · c15 · span 225620–225627
54Angel Oak Mortgage REIT Inc., Section 10b CEO totalDEF 14A2026-04-010001766478-26-000011CEO total compensation as printed in Angel Oak Mortgage REIT Inc.'s own proxy. As printed: 742,070. Filing ↗machine: span 343580–343587
55KKR Real Estate Finance Trust, Inc., Section 10b CEO totalDEF 14A2026-03-030001140361-26-007573CEO total compensation as printed in KKR Real Estate Finance Trust, Inc.'s own proxy. As printed: 688,188. Filing ↗machine: r2 · c27 · span 361601–361608
56Ares Commercial Real Estate Corp., Section 10b CEO totalDEF 14A2026-04-010001628280-26-022805CEO total compensation as printed in Ares Commercial Real Estate Corp.'s own proxy. As printed: 263,340. Filing ↗machine: r2 · c36 · span 324597–324604
57Seven Hills Realty Trust, Section 10b CEO totalDEF 14A2026-03-180001104659-26-030948CEO total compensation as printed in Seven Hills Realty Trust's own proxy. As printed: 100,391. Filing ↗machine: t58 · r1 · c35 · span 534105–534112
58Orchid 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 ↗
59Armour 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 ↗
60Ready Capital Corp., Section 10b CEO totalDEF 14A2026-06-010001628280-26-039531CEO total compensation as printed in Ready Capital Corp.'s own proxy. As printed: 0. Filing ↗
61Starwood Property Trust, Inc., Section 10b CEO totalDEF 14A2026-03-130001140361-26-009388CEO total compensation as printed in Starwood Property Trust, Inc.'s own proxy. As printed: 0. Filing ↗
62Section 10a, Dynex Capital, Inc. reciprocityDEF 14A—0001104659-26-040189Dynex Capital, Inc. names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, Orchid Island Capital, Inc. reciprocityDEF 14A—0001437749-26-013358Orchid Island Capital, Inc.'s most recent proxy was read; its disclosed peer group does not include MFA FINANCIAL, INC.. Filing ↗
64Section 10a, Trinity Capital Inc. reciprocityDEF 14A—0001140361-26-017966Trinity Capital Inc.'s most recent proxy was read; its disclosed peer group does not include MFA FINANCIAL, INC.. Filing ↗
65Section 10a, Velocity Financial, Inc. reciprocityDEF 14A—0001193125-26-150488Velocity Financial, Inc.'s most recent proxy was read; its disclosed peer group does not include MFA FINANCIAL, INC.. Filing ↗
66Section 10a, BrightSpire Capital, Inc. reciprocityDEF 14A—0001717547-26-000026BrightSpire Capital, Inc. names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, PennyMac Mortgage Investment Trust reciprocityDEF 14A—0001193125-26-166976PennyMac Mortgage Investment Trust names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, Annaly Capital Management Inc. reciprocityDEF 14A—0001104659-26-052954Annaly Capital Management Inc. names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, AGNC Investment Corp. reciprocityDEF 14A—0001423689-26-000058AGNC Investment Corp.'s most recent proxy was read; its disclosed peer group does not include MFA FINANCIAL, INC.. Filing ↗
70Section 10a, Chimera Investment Corporation reciprocityDEF 14A—0001206774-26-000238Chimera Investment Corporation names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
71Section 10a, Redwood Trust, Inc. reciprocityDEF 14A—0000930236-26-000011Redwood Trust, Inc. names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, Armour Residential REIT, Inc. reciprocityDEF 14A—0001428205-26-000040Armour Residential REIT, Inc.'s most recent proxy was read; its disclosed peer group does not include MFA FINANCIAL, INC.. Filing ↗
73Section 10a, Ready Capital Corp. reciprocityDEF 14A—0001628280-26-039531Ready Capital Corp. names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
74Section 10a, Starwood Property Trust, Inc. reciprocityDEF 14A—0001140361-26-009388Starwood Property Trust, Inc. names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, Ellington Financial, Inc. reciprocityDEF 14A—0001411342-25-000036Ellington Financial, Inc.'s most recent proxy was read; its disclosed peer group does not include MFA FINANCIAL, INC.. Filing ↗
76Section 10a, Granite Point Mortgage Trust reciprocityDEF 14A—0001104659-26-045496Granite Point Mortgage Trust names MFA FINANCIAL, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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