Rithm Capital amends CEO Michael Nierenberg's employment; shifts 75% of equity to performance-based

Rithm Capital Corp.

Base salary reduced from $1.25M to $1.0M, effective April 1, 2024.
Annual target cash bonus cut from $5M to $4M.
Time-based equity award target lowered from $4.375M to $3M; performance-based equity target raised from $4.375M to $9M.
Result: 75% of total equity award target now performance-based, up from 50% previously.

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