Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-01

TPG Mortgage Investment Trust, Inc. (MITT)

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.

$0
Nicholas Smith total, FY2025
Chief Investment Officerhighest-paid officer; CEO T. James Durkin: $0
CEO (T. James Durkin) pay percentile vs peers
CEO-to-median pay ratio
95.72%
Say-on-pay support, latest vote
Companies that benchmark against MITT
No companies currently name MITT as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Nicholas Smith$0$0$0$0$0$0$0$0
Chief Investment Officer
Jenny Neslin00000000
General Counsel and Secretary
Anthony Rossiello00000000
Chief Financial Officer and Treasurer
T. James Durkin00000000
Chief Executive Officer and President
Andrew Parks00000000
Chief Risk 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 FY20242025
Nicholas Smith$0
Jenny Neslin0347,5000−347,500
Anthony Rossiello0347,5000−347,500
T. James Durkin000+0
Andrew Parks0

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
Debra HessDirector2026-04-01A3,819$0$0CommonForm 4 ↗
Matthew JozoffDirector2026-04-01A2,77700CommonForm 4 ↗
M. Christian MitchellDirector2026-04-01A2,77700CommonForm 4 ↗
Dianne HurleyDirector2026-04-01A2,77700CommonForm 4 ↗
Dianne HurleyDirector2026-04-29A12,97900CommonForm 4 ↗
Debra HessDirector2026-04-29A16,93100CommonForm 4 ↗
Matthew JozoffDirector2026-04-29A12,97900CommonForm 4 ↗
Dividend-equivalent accruals2026-04-2901 insider, 1 accrual row
M. Christian MitchellDirector2026-04-29A12,97900CommonForm 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.

View all 9 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Debra HessDirector2026-04-01A3,819$0$0CommonForm 4 ↗
Matthew JozoffDirector2026-04-01A2,77700CommonForm 4 ↗
M. Christian MitchellDirector2026-04-01A2,77700CommonForm 4 ↗
Dianne HurleyDirector2026-04-01A2,77700CommonForm 4 ↗
Dianne HurleyDirector2026-04-29A12,97900CommonForm 4 ↗
Debra HessDirector2026-04-29A16,93100CommonForm 4 ↗
Matthew JozoffDirector2026-04-29A12,97900CommonForm 4 ↗
M. Christian MitchellDirector2026-04-29A080Derivative, Class A CommonForm 4 ↗
M. Christian MitchellDirector2026-04-29A12,97900CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Years EndedRSU2025-12-3131$31,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Years Ended$31,000$0$00.0%

% 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
Jenny NeslinRSU50,000$426,000
Anthony RossielloRSU50,000426,000
05

Incentive-plan design — the Compensation Discussion & Analysis

These awards are designed to align the interests of our named executive officers with those of our stockholders by allowing our named executive officers to share in the creation of value for our stockholders through stock appreciation and dividends.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantnot disclosed
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2712,616,889564,076368,78895.72%Passed
20252025-05-0512,144,249591,568240,30895.36%Passed
20212021-05-269,850,099579,449163,29994.44%Passed
20202020-06-199,851,0071,138,119367,83589.64%Passed
20192019-05-0218,663,919639,211146,30196.69%Passed
20182018-05-0216,129,577567,597141,28396.6%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
20262026-04-2795.72%a
20252025-05-0595.36%b
20212021-05-2694.44%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will not be counted as votes cast on Proposals 2, 3 and 4 and will have no effect on the result of the vote.”.

c. Approved under the standard stated in the filing — “Pursuant to Maryland law, abstentions and broker non-votes are not included in the determination of the shares of common stock voting on such matters, but are counted for quorum purposes.”.

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)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Debra HessIndependent · Board Chair · Audit · Compensation · Nominating and Corporate Governance (Chair)$110,015$109,985$0$0$0$220,000
M. Christian MitchellIndependent · Audit (Chair) · Nominating and Corporate Governance86,51479,993000166,507
Dianne HurleyIndependent · Audit · Compensation (Chair)85,10379,993000165,096
Matthew JozoffIndependent · Compensation · Nominating and Corporate Governance70,00779,993000150,000
Peter LinnemanIndependent · Not standing for re-election · Departed during FY27,18227,17400054,356
Lisa G. QuatemanIndependent · Not standing for re-election · Departed during FY23,78527,17400050,959
T.J. DurkinEmployee director00000
Nicholas SmithEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$10,000
Annual equity retainer$79,993
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$402,606
Equity awards (grant-date value)$404,312
All other compensation$0
Total cost of the board$806,918

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

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
1TPG Mortgage Investment Trust, Inc.2025T. James Durkin$0$0$0$0$0

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at TPG Mortgage Investment Trust, Inc. in fiscal 2025?
The highest-paid executive at TPG Mortgage Investment Trust, Inc. in fiscal 2025 was Nicholas Smith, Chief Investment Officer, with a total compensation of $0 as disclosed.
How does TPG Mortgage Investment Trust, Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that the CEO pay percentile of disclosed peers was not disclosed in this extract.
What is TPG Mortgage Investment Trust, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on TPG Mortgage Investment Trust, Inc.'s executive compensation?
Shareholders voted 95.72% in support of the latest executive compensation plan.
How much does TPG Mortgage Investment Trust, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $806,918.

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, Nicholas SmithDEF 14A2026-03-160001628280-26-018152Section “Executive Compensation”. As printed: 0. Filing ↗
2Section 01, Jenny NeslinDEF 14A2026-03-160001628280-26-018152Section “Summary Compensation Table” · page 31. As printed: 0. Filing ↗
3Section 01, Anthony RossielloDEF 14A2026-03-160001628280-26-018152Section “Summary Compensation Table” · page 31. As printed: 0. Filing ↗
4Section 01, T. James DurkinDEF 14A2026-03-160001628280-26-018152Section “Summary Compensation Table” · page 31. As printed: 0. Filing ↗
5Section 01, Andrew ParksDEF 14A2026-03-160001628280-26-018152Section “Executive Compensation”. As printed: 0. Filing ↗
6Section 03, Years Ended RSUDEF 14A2026-03-160001628280-26-018152Section “COMMON STOCK OWNERSHIP OF EXECUTIVE OFFICERS, DIRECTORS AND SIGNIFICANT STOCKHOLDERS &” · grants of plan-based awards table. Filing ↗machine: t46 · r2 · c2 · span 408422–408424
7Section 07, pay ratioDEF 14A2026-03-160001628280-26-018152Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Debra HessDEF 14A2026-03-160001628280-26-018152Section “Director Compensation”. As printed: 220,000. Filing ↗machine: t43 · r2 · c3 · span 358464–358472
9Section 08, M. Christian MitchellDEF 14A2026-03-160001628280-26-018152Section “Director Compensation”. As printed: 166,507. Filing ↗machine: t43 · r6 · c3 · span 362666–362673
10Section 08, Dianne HurleyDEF 14A2026-03-160001628280-26-018152Section “Director Compensation”. As printed: 165,096. Filing ↗machine: t43 · r3 · c3 · span 359604–359611
11Section 08, Matthew JozoffDEF 14A2026-03-160001628280-26-018152Section “Director Compensation”. As printed: 150,000. Filing ↗machine: t43 · r4 · c3 · span 360561–360568
12Section 08, Peter LinnemanDEF 14A2026-03-160001628280-26-018152Section “Director Compensation”. As printed: 54,356. Filing ↗machine: t43 · r5 · c3 · span 361704–361710
13Section 08, Lisa G. QuatemanDEF 14A2026-03-160001628280-26-018152Section “Director Compensation”. As printed: 50,959. Filing ↗machine: t43 · r7 · c3 · span 363811–363817
14Section 08, T.J. DurkinDEF 14A2026-03-160001628280-26-018152Section “Director Compensation”. As printed: 0. Filing ↗
15Section 08, Nicholas SmithDEF 14A2026-03-160001628280-26-018152Section “Director Compensation”. As printed: 0. Filing ↗
16Section 02, Debra Hess 2026-04-01Form 42026-04-020001628280-26-023151Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Matthew Jozoff 2026-04-01Form 42026-04-020001628280-26-023154Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, M. Christian Mitchell 2026-04-01Form 42026-04-020001628280-26-023153Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Dianne Hurley 2026-04-01Form 42026-04-020001628280-26-023152Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Dianne Hurley 2026-04-29Form 42026-04-300001628280-26-029025Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Debra Hess 2026-04-29Form 42026-04-300001628280-26-029024Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Matthew Jozoff 2026-04-29Form 42026-04-300001628280-26-029023Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, M. Christian Mitchell 2026-04-29Form 42026-04-300001628280-26-029022Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, M. Christian Mitchell 2026-04-29Form 42026-04-300001628280-26-029022Insider equity transaction reported since the proxy statement. Filing ↗
25Section 06, 2026 voteForm 8-K2026-05-010001628280-26-029382Item 5.07 · say-on-pay result. As reported: 95.72%. Filing ↗
26Section 06, 2025 voteForm 8-K2025-05-070001514281-25-000062Item 5.07 · say-on-pay result. As reported: 95.36%. Filing ↗
27Section 06, 2021 voteForm 8-K2021-05-260001514281-21-000078Item 5.07 · say-on-pay result. As reported: 94.44%. Filing ↗
28Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
29Section 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
30Section 09b board cost (computed)ComputedcomputedCash 402,606 + equity 404,312 + all other 0 = 806,918, summed across the director compensation table rows.machine: formula: Σ = 806,918
31TPG Mortgage Investment Trust, Inc. (subject), Section 10b CEO totalDEF 14A2026-03-160001628280-26-018152CEO total compensation as printed in TPG Mortgage Investment Trust, Inc.'s own proxy. As printed: 0. Filing ↗