Absolute TSR PRSUs Sample Clauses

The Absolute TSR PRSUs clause defines the terms and conditions for Performance Restricted Stock Units (PRSUs) that vest based on the achievement of absolute Total Shareholder Return (TSR) targets. Under this clause, employees or executives are granted PRSUs that will only vest if the company's TSR meets or exceeds specific, pre-established thresholds over a set performance period, regardless of how the company performs relative to peers. This approach ensures that rewards are directly tied to the company's actual financial performance, incentivizing management to focus on delivering tangible shareholder value and aligning their interests with those of shareholders.
Absolute TSR PRSUs. For purposes of the TSR PRSUs, the “Average TSR” for the Performance Period is the TSR, divided by 3, and the “Target TSR” is an 8% per annum simple cumulative return over the TSR Performance Period. MFA’s Average TSR will be compared to the Target TSR to determine whether and to what extent the Absolute TSR PRSUs will vest. The number of Absolute TSR PRSUs that will vest at the end of the Performance Period shall be determined by comparing the MFA’s Average TSR to the Target TSR (8% per year), up to a maximum vesting of 200% of the Absolute TSR Target Award. Any Absolute TSR PRSUs that do not vest at the end of the TSR Performance Period shall be forfeited. Set forth below are examples addressing vesting of Absolute TSR PRSUs. The examples below are intended to be used purely for illustrative purposes: If MFA’s Average TSR over the TSR Performance Period were 2%, then the portion of the Absolute TSR PRSUs that would become vested would be equal to: (2/8) of the Absolute TSR Target Award, or 5,625 PRSUs. If MFA’s Average TSR over the TSR Performance Period were 12%, then the portion of the Absolute TSR PRSUs that would become vested would be equal to: (12/8) of the Absolute TSR Target Award, or 33,750 PRSUs. If MFA’s Average TSR over the TSR Performance Period were 16%, then the portion of the Absolute TSR PRSUs that would become vested would be equal to (16/8) of the Absolute TSR Target Award, or 45,000 PRSUs (maximum vesting).
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Related to Absolute TSR PRSUs

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