0001423689 2025-01-01 2025-12-31 0001423689 2024-01-01 2024-12-31 0001423689 2023-01-01 2023-12-31 0001423689 2022-01-01 2022-12-31 0001423689 2021-01-01 2021-12-31 0001423689 1 2025-01-01 2025-12-31 0001423689 2 2025-01-01 2025-12-31 0001423689 3 2025-01-01 2025-12-31 iso4217:USD pure DEF 14A false 0001423689 AGNC Investment Corp. <div style="margin-top:6pt;text-indent:36pt">As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we have prepared this pay versus performance disclosure, which serves to further demonstrate the alignment of our executive compensation program with stockholder interests.</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:3.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.427%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.821%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Value of Initial Fixed $100 Investment Based on:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Year </td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Summary Compensation Table Total for Current CEO1</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Summary Compensation Table Total for Prior CEO1</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Compensation Actually Paid to Current CEO1</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Compensation Actually Paid to Prior CEO1</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Summary Compensation Table Total for Non-CEO NEOs2</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Compensation Actually Paid to Non-CEO NEOs2</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Total Stock-holder Return3</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Peer Group Total Stock-holder Return3,4</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Net Income</div><div style="text-align:center">($ in Millions)5</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Relative Annual Economic Return6</div></td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$14,208,500</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$23,403,879</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,984,935</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$8,354,812</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$133.05</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$113.98</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$1,670</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">11.7</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$13,098,200</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$15,493,368</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$5,840,085</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$6,808,308</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$98.66</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$98.24</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$863</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.6</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$12,318,800</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$13,343,838</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$5,558,785</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$6,145,933</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$90.61</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$97.89</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$155</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$7,646,700</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$3,653,990</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$4,266,463</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$1,425,320</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$82.36</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$84.86</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$(1,190)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(2.1)</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$6,949,900</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$11,254,900</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$7,745,878</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$15,106,695</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,952,885</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$3,317,861</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$105.23</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$115.64</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">$749</td><td colspan="3" style="border-bottom:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">9.9</td></tr></table></div><div style="margin-bottom:0.05pt;margin-top:6pt;padding-left:18pt;text-indent:-18pt">1.Peter Federico (“Current CEO”) served as our CEO throughout 2022, 2023, 2024 and 2025. During 2021, each of Peter Federico and Gary Kain (“Prior CEO”) served as CEO of the Company for a six month period. Compensation totals during 2021 reflect the full-year compensation received by each of Messrs. Kain and Federico and do not reflect pro-rated payment for the period that each individual served as CEO. </div><div style="margin-bottom:0.05pt;margin-top:1pt;padding-left:18pt;text-indent:-18pt">2.During 2023, 2024 and 2025, our remaining NEOs consisted of Messrs. Kain, Kuehl, Pollack, and Reid and Ms. Bell. During 2022, remaining NEOs included Messrs. Kain, Kuehl and Pollack and Ms. Bell. During 2021, our remaining NEOs consisted of Messrs. Kuehl, Pas, and Pollack and Ms. Bell. For more details regarding how the amounts in this column are calculated, refer to the “Adjustments to Summary Compensation Tables to Determine Compensation Actually Paid” tables immediately below.</div><div style="margin-bottom:0.05pt;margin-top:1pt;padding-left:18pt;text-indent:-18pt">3.Total Stockholder Return and Peer Group Total Stockholder Return assumes $100 invested at December 31, 2020.</div><div style="margin-bottom:0.05pt;margin-top:0.05pt;padding-left:18pt;text-indent:-18pt">4.As permitted by SEC rules, the peer group referenced for purpose of the Total Stockholder Return comparison consists of the FTSE NAREIT Mortgage REITs Index.</div><div style="margin-bottom:0.05pt;margin-top:1pt;padding-left:18pt;text-indent:-18pt">5.Reflects after-tax net income attributable to stockholders prepared in accordance with GAAP for each of the years shown.</div>6.The Company has designated “Relative Annual Economic Return” as its Company Selected Measure, as this is the largest financial component of our 2025 Corporate Scorecard and our most important financial measure (that is not otherwise required to be disclosed in this table) used by us to link compensation actually paid to our NEOs to Company performance. Relative Annual Economic Return compares the economic return of AGNC to that of the average of the Agency REIT Peer Group and is calculated based on percentage points. For purposes of AGNC’s Corporate Scorecard, relative annual economic return is calculated on an October 1 - September 30 year, but consistent with the requirements of Regulation S-K, it is calculated for purposes of this table on a calendar year basis. Additional details regarding the calculation of Relative Annual Economic Return and the companies included in the Agency REIT Peer Group for 2025 are included in the discussion of our 2025 Corporate Scorecard on page <a href="#ib4fbea4610ae41469360c3a436e32c56_154" style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%;text-decoration:none">29</a>. For 2021, the component companies were ARR, CMO, DX, IVR, NLY, and TWO, although CMO was included only through September 30, 2021 as a result of its acquisition. Since 2022, the peer group has included ARR, DX, IVR, NLY, ORC, and TWO. 14208500 23403879 4984935 8354812 133.05 113.98

1670000000

0.117 13098200 15493368 5840085 6808308 98.66 98.24

863000000

0.076 12318800 13343838 5558785 6145933 90.61 97.89

155000000

0.064 7646700 3653990 4266463 1425320 82.36 84.86

-1190000000

-0.021 6949900 11254900 7745878 15106695 2952885 3317861 105.23 115.64

749000000

0.099 <div style="margin-top:6pt">Compensation Actually Paid represents the Summary Compensation Table Totals adjusted for the following items:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:65.659%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.748%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.748%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.445%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Year 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Current CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Prior CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO-NEOs</td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(5,750,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(1,895,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase for fair value at year-end of awards granted during year that remain unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">6,770,312 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">2,231,284 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">7,542,403 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">2,737,181 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">632,664 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">296,412 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Total adjustments</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">9,195,379 </td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">3,369,877 </td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td></tr></table></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:65.659%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.748%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.748%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.445%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Year 2024</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Current CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Prior CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO-NEOs</td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(5,000,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(2,042,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase for fair value at year-end of awards granted during year that remain unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">5,431,984 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">2,218,426 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">1,978,383 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">800,694 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(15,199)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(8,896)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Total adjustments</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">2,395,168 </td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">968,224 </td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Year 2023</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Current CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Prior CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO-NEOs</td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(5,000,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(2,042,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase for fair value at year-end of awards granted during year that remain unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">5,250,910 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">2,144,458 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">643,902 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">356,759 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">130,226 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">127,931 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Total adjustments</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">1,025,038 </td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">587,148 </td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Year 2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Current CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Prior CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO-NEOs</td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(4,500,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(2,262,500)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase for fair value at year-end of awards granted during year that remain unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">2,663,407 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">1,339,108 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(2,009,058)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(1,669,332)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(147,059)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(248,419)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Total adjustments</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(3,992,710)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">N/A</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(2,841,143)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #407cca;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Year 2021</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Current CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Prior CEO</td><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO-NEOs</td></tr><tr><td colspan="3" style="border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Deduction for amounts reported under the Stock Awards Column in the Summary Compensation Table</td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(3,400,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(6,150,000)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">(1,257,500)</td><td style="border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase for fair value at year-end of awards granted during year that remain unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">3,443,197 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">6,228,139 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">1,273,459 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">635,848 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">3,420,757 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">316,660 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">116,933 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">352,899 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">32,357 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 1pt;text-align:left;vertical-align:bottom">Total adjustments</td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">795,978 </td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">3,851,795 </td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 0;text-align:right;vertical-align:bottom">364,976 </td><td style="border-bottom:1pt solid #407cca;border-top:1pt solid #407cca;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-top:6pt;text-indent:36pt">The following graph illustrates the relationship between compensation actually paid to our NEOs and AGNC’s total stockholder return on a cumulative basis assuming investment of $100 on December 31, 2020:</div><div style="margin-top:6pt;text-align:center"> </div><div style="margin-top:6pt;text-align:center;text-indent:36pt"><img alt="49a.jpg" id="i-23" src="agnc-20260304_g23.jpg" style="height:392px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-top:6pt;text-indent:36pt">The following graph illustrates the relationship between compensation actually paid to our NEOs and AGNC’s net income on an annual basis:</div><div style="margin-top:6pt;text-align:center"><img alt="49b.jpg" id="i-24" src="agnc-20260304_g24.jpg" style="height:391px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-top:6pt;text-indent:36pt">The following graph illustrates the relationship between compensation actually paid to our NEOs and AGNC’s economic return relative to the Agency REIT Peer Group on an annual basis:</div><div style="margin-top:6pt;text-align:center;text-indent:36pt"><img alt="50a.jpg" id="i-25" src="agnc-20260304_g25.jpg" style="height:379px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> The relationship between AGNC’s total stockholder return and the total stockholder return of the FTSE NAREIT Mortgage REITs Index on a cumulative basis is shown below:<div style="margin-top:6pt;text-align:center;text-indent:36pt"><img alt="50b.jpg" id="i-26" src="agnc-20260304_g26.jpg" style="height:381px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> Since its adoption in 2016, our current compensation program has linked the compensation of our NEOs to achievement of short- and long-term financial and strategic goals. Our 2025 Corporate Scorecard consists 75% of financial metrics and 25% of strategic and operational objectives. A significant percentage of our NEOs’ compensation is in the form of equity awards that vest over three years, and in 2025, our CEO and our Executive Chair each received 67% of their equity awards in the form of performance-based compensation. For our remaining NEOs, 50% of these awards were performance vesting. In 2025, incentive compensation served as a material element of each NEO’s compensation package and serves to further align compensation to Company performance. The most important financial performance measures utilized by the Compensation Committee to link compensation paid to our NEOs to AGNC’s performance for 2025 were:<div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt">•Annual Economic Return Relative to the Agency REIT Peer Group</div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt">•Absolute Annual Economic Return</div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt">•Price-to-Tangible Book Value Ratio Relative to the Agency REIT Peer Group</div> Annual Economic Return Relative to the Agency REIT Peer Group Absolute Annual Economic Return Price-to-Tangible Book Value Ratio Relative to the Agency REIT Peer Group