As the CEO of Chimera Investment Corp., Mohit Marria had a significant ownership stake, notably receiving 500,000 restricted stock units (RSUs) as part of his promotion to CEO in early 2021. In 2021, these holdings translated to a total vested...
As the CEO of Chimera Investment Corp., Mohit Marria had a significant ownership stake, notably receiving 500,000 restricted stock units (RSUs) as part of his promotion to CEO in early 2021. In 2021, these holdings translated to a total vested stock value of approximately $6.5 million, showcasing a strong alignment with the company's interests at that time. However, his holdings changed dramatically by the end of 2022, after his departure from the firm, where he secured a severance package worth around $7.7 million. This included a payout of approximately $185,000 in lieu of notice and other benefits under his employment agreement. Over time, while his stock awards initially contributed to a significant portion of his wealth, changes in company performance affected his overall net worth as CEO, showcasing the volatility and risks inherent in executive compensation based on company performance.