AGNC amends Executive Chair Gary Kain's pay: $1.3M bonus target, $1.5M annual equity award
AGNC Investment Corp. disclosed a September 10, 2026 amendment to the employment agreement of Executive Chair Gary Kain, setting a $1,300,000 target annual cash bonus and a $1,500,000 target annual long-term equity award starting in 2027. The base salary, termination payments and restrictive covenants are unchanged, so the filing mainly alters incentive pay tied to future performance.
Key points
- Annual cash bonus target of $1,300,000 for 2027 and later years, payable from 0% to 200% of target, expected in Q1 of the following year
- Annual long-term incentive award target of $1,500,000 in company stock starting in 2027, subject to Board approval
- 67% of the equity award vests on three-year performance metrics; 33% vests annually over three years
- Base salary, termination payments and restrictive covenants are unchanged
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.