Phillip J. Kardis II is the CEO of Chimera Investment Corporation, having taken on this role in 2023. He has a strong background in law, holding a Juris Doctor degree from Yale Law School. Before becoming CEO, he served as...

Phillip J. Kardis II is the CEO of Chimera Investment Corporation, having taken on this role in 2023. He has a strong background in law, holding a Juris Doctor degree from Yale Law School. Before becoming CEO, he served as the company's Chief Legal Officer, showcasing his expertise in the legal aspects of business operations. In a noteworthy move, he was appointed President of Chimera in March 2024, taking over a role that had been held by another executive for many years. Kardis has been with Chimera for several years, providing stability and continuity in leadership. His total compensation for 2023 reached over $6 million, which included a base salary of $850,000 and substantial stock awards, indicating a performance-driven model at the company. Kardis focuses on financial performance metrics when evaluating success, aligning his incentives with the company's long-term growth. His journey reflects not just a career in law, but also a significant progression in the corporate world, emphasizing strategic goal achievement and effective leadership.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Chimera Investment Corp. CEOs

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Phillip J. Kardis II

CEO of Chimera Investment Corp.

Education

Juris Doctor from Yale Law School

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Real Estate

Born

January 1, 1974 - 51 years ago

CEO of Chimera Investment Corp. for

2 years 3 months (Jan 2023 - Present)

Previous Experience

Chief Legal Officer of Chimera Investment Corporation

Rivals

Competitors/colleagues of Phillip J. Kardis II

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Andrew J. Sossen

CEO of Starwood Property Trust

2023 Compensation

Stock

$608.18K

Salary

$425.00K

Bonus

$0.00

Other

$0.00

Total Holdings

$3.65M

R

Michael Nierenberg

CEO of Rithm Capital

2023 Compensation

Stock

$1.79M

Salary

$1.25M

Bonus

$10.00M

Other

$160.04K

Total Holdings

$27.00M

A

David L. Finkelstein

CEO of Annaly Capital Management

2023 Compensation

Stock

$2.59M

Salary

$1.00M

Bonus

$7.33M

Other

$15.20K

Total Holdings

$14.85M

Holdings

See how much did Phillip J. Kardis II make over time.

Phillip J. Kardis II has amassed a substantial amount of stock in Chimera Investment Corporation, showcasing his confidence in the company’s future. As of the end of 2023, his holdings included approximately 173,102 restricted stock units (RSUs), valued around $863,781,...

Phillip J. Kardis II has amassed a substantial amount of stock in Chimera Investment Corporation, showcasing his confidence in the company’s future. As of the end of 2023, his holdings included approximately 173,102 restricted stock units (RSUs), valued around $863,781, alongside 256,777 performance stock units (PSUs), equating to about $1.28 million if fully vested. He also has previous RSUs from earlier years, which add to his overall wealth tied to the company’s performance. In 2023 alone, he benefited from vested stock worth over $1.68 million. Kardis has demonstrated different phases in his wealth tied to his equity in the company, reflecting the ups and downs of Chimera's performance in the market. This investment not only reinforces his financial stake but also aligns his interests with those of the shareholders, as he's motivated to enhance the company's profitability.

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Insider Trading

See recent insider trades of Phillip J. Kardis II.

CIM

137,680 shares

CIM

Jan 1, 2025

Received

CIM

273,449 shares

CIM

Jan 17, 2024

Received

CIM

29,342 shares

CIM

Dec 31, 2023

Received

CIM

225,898 shares

CIM

Mar 27, 2023

Received

CIM

20,169 shares

CIM

Jan 1, 2023

Received

CIM

33,623 shares

CIM

Feb 4, 2022

Received

CIM

32,347 shares

CIM

Jan 1, 2022

Received

CIM

46,947 shares

CIM

Jan 2, 2021

Received

CIM

$24.33K

CIM at $8.11/share

Mar 18, 2020

Purchase

CIM

$24.33K

CIM at $8.11/share

Mar 18, 2020

Received

Compensation History

See how much did Phillip J. Kardis II make over time.

In 2023, Phillip J. Kardis II's total compensation exceeded $6.14 million, making him one of the more well-compensated executives in his field. His base salary stood at $850,000. He did not receive a cash bonus, which emphasizes a focus on performance metrics rather than guarantees. Instead, he earned stock awards totaling around $1.25 million in RSUs, reflecting long-term commitment and performance incentives. Additionally, he received performance stock units (PSUs) that, at maximum potential pay, could reward him further based on the company's success over the next few years. His compensation structure indicates that he is more focused on aligning his work with shareholder interests, aiming for results that enhance the business's value over time.

Year

2023

Total Compensation

$2.55M

Salary

$850.00K

Board Justification

The compensation committee worked with the Company’s independent compensation consultant to make several changes to how we compensate our named executive officers that were responsive to our Say-on-Pay vote in 2022 and in the ongoing best interests of our stockholders, in light of the evolving business environment and strategic direction of the Company.

Bonus

$0.00

Board Justification

The 2023 cash bonus awards were earned based 35% on Relative ROE, 35% on Relative TSR and 30% on achievement of strategic goals by each named executive officer during the 2023 cash bonus measurement period.

Other

$19.80K

Board Justification

The amounts in this column for 2023 represent matching contributions of up to 6% of each named executive officer’s base salary that were made by us with respect to each of the named executive officers pursuant to our Section 401(k) plan.

Restricted Stock

$1.68M(223.43K RSU)

Board Justification

The RSUs granted in 2023 represent the Fixed LTI bonus for 2023. The numbers of shares granted were based on the applicable dollar amount of the award for the specific named executive officer divided by the average daily VWAP for the Company’s common stock for the 20 consecutive trading days ending on December 30, 2022.

Performance Metrics

The 2023 cash bonus awards were earned based 35% on Relative ROE, 35% on Relative TSR and 30% on achievement of strategic goals.

Other Chimera Investment Corp. CEOs

Here are other CEOs of Chimera Investment Corp.

Mohit Marria

Ex-CEO of Chimera Investment Corp.

January 2021 - December 2022