KKR Real Estate Finance Trust (KREF) Proxy Filing summary

Executive summary

• The 2025 annual meeting will be held virtually on April 25, 2025, with voting on director elections, auditor ratification, executive compensation, and a new omnibus incentive plan.

• Shareholders of record as of March 3, 2025, are eligible to vote on four key proposals, with detailed instructions for online, phone, and mail voting.

• The Board unanimously recommends voting in favor of all proposals, including the new incentive plan and executive compensation.

Voting matters and shareholder proposals

• Proposals include electing eight directors, ratifying Deloitte & Touche LLP as auditor, an advisory vote on executive compensation, and approval of the 2025 Omnibus Incentive Plan.

• Shareholders can submit proposals for the 2026 annual meeting by November 14, 2025, and nominate directors per bylaw procedures.

• The Board recommends voting FOR all director nominees and proposals.

Board of directors and corporate governance

• The Board consists of eight members, with a majority determined to be independent under NYSE standards.

• The Chairperson and CEO roles are separated; Ms. McAneny serves as Lead Independent Director.

• Four standing committees: Audit, Compensation, Nominating and Corporate Governance, and Affiliate Transaction, all with independent members.

• Directors are expected to attend all meetings; in 2024, each attended at least 75% of meetings.

• Stockholders can communicate directly with the Board and submit director nominations.