About

Gary D. Kain has served as Executive Chair of AGNC Investment Corp.'s Board of Directors since July 2021 and has been a director since March 2016.

He previously served as AGNC's Chief Executive Officer from March 2016 until July 2021, Chief Investment Officer from January 2009 until July 2021, and President from April 2011 until March 2018.

Prior to joining AGNC, Mr. Kain held a series of roles at Freddie Mac, including Senior Vice President of Investments and Capital Markets (May 2008-January 2009), Senior Vice President of Mortgage Investments & Structuring (February 2005-April 2008) overseeing the company's ~$700 billion retained portfolio, Vice President of Mortgage Portfolio Strategy (2001-2005), and head trader in the Securities Sales & Trading Group (1995-2001).

Roles

AGNC Investment Corp.
Director & Executive Chair · Current role
2016–present
AGNC Investment Corp.
Chief Executive Officer
March 2016 - July 2021
AGNC Investment Corp.
Chief Investment Officer
January 2009 - July 2021
AGNC Investment Corp.
President
April 2011 - March 2018
Freddie Mac
Senior Vice President of Investments and Capital Markets
May 2008 - January 2009
Freddie Mac
Senior Vice President of Mortgage Investments & Structuring · Managed all of Freddie Mac's mortgage investment activities for its ~$700 billion retained portfolio.
February 2005 - April 2008
Freddie Mac
Vice President of Mortgage Portfolio Strategy
2001 - 2005
Freddie Mac
Head trader, Securities Sales & Trading Group · Responsible for trading decisions including REMIC structuring and underwriting, hedging, income generation, and risk management.
1995 - 2001
Freddie Mac
Senior Vice President, Investments and Capital Markets
May 2008 – Jan 2009
Freddie Mac
Senior Vice President, Mortgage Investments & Structuring · Oversaw the company's roughly $700 billion retained mortgage portfolio.
Feb 2005 – Apr 2008
Freddie Mac
Vice President, Mortgage Portfolio Strategy
2001 – 2005

Fixed Compensation

FY 2025
Salary
$500,000
All Other Compensation
$21,000
Detail401(k) employer match

Performance Compensation

Data from FY 2025

Cash incentive

Annual Cash Incentive (Bonus)
$3,015,000
Target Opportunity
—
Corporate Scorecard payout167.5% of target
Financial metrics (75% weight) component payout183.4%
Strategic & operational objectives (25% weight) component payout120.0%
Absolute annual economic return (25% metric weight)actual 22.7% vs 10.0% target
Relative annual economic return (35% metric weight)+7.4 pts vs Agency REIT peer avg
Relative price-to-tangible book ratio (15% metric weight)+19.7 pts vs Agency REIT peer avg
Target annual bonus$1,800,000 (per employment-agreement amendment; 167.5% payout = $3,015,000)

Stock awards

Stock Awards (RSUs) - grant date fair value
$2,100,000
Time-based RSUs67,346 units, $693,000
Performance-based RSUs (target)136,734 units, $1,407,000
Performance-based RSUs (maximum)273,468 units
Grant date3/3/2025

Also at AGNC Investment Corp.

Colleague
Peter J. Federico
Director, President, Chief Executive Officer & Chief Investment Officer
Colleague
Bernice E. Bell
Executive Vice President & Chief Financial Officer
Colleague
Kenneth L. Pollack
Executive Vice President, General Counsel, Chief Compliance Officer & Secretary

Related

Company
AGNC Investment Corp.
Company hub
Deal
Agnc Investment American Capital Mortgage Management 2016
Deal page

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