AGNC Investment (AGNC) has provided an announcement.
AGNC Mortgage Management, LLC renewed its employment agreement with Executive Chair Gary Kain, setting the stage for a potentially lucrative future for Kain and signaling stability for investors of AGNC Investment Corp. The fresh terms, effective from January 1, 2025, include an initial one-year term with automatic annual renewals, an annual cash bonus with a $1.8 million target, and substantial long-term stock incentives that could double in value based on company performance. Kain’s base salary and other conditions remain unchanged, promising consistency at the executive level.
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