Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

On January 22, 2021, the Compensation Committee (the "Compensation Committee") of the Board of Directors (the "Board") of Broadmark Realty Capital Inc. (the "Company") approved the annual base salaries set forth in the table below, effective as of January 1, 2021, for each of the Company's executive officers. Based on a review conducted by an independent compensation consultant of executive compensation at a peer group of companies in connection with the Compensation Committee's annual review of executive compensation, the prior base salaries of the Company's executive officers were below market for the Company's peer group. The executive officer salary adjustments are being made by the Compensation Committee, among other reasons, to better align base salaries of the Company's executive officers closer to the median of the peer group. The annual base salary for the Company's Chief Executive Officer was also approved by the independent directors of the Board on the recommendation of the Compensation Committee.





Executive Officer                           2021 Base Salary

Jeffrey B. Pyatt, Chief Executive Officer $ 650,000 David Schneider, Chief Financial Officer $ 370,000 Linda D. Koa, Chief Operating Officer $ 345,000 Nevin Boparai, Chief Legal Officer $ 365,000 Daniel Hirsty, Chief Credit Officer $ 300,000

Also on January 22, 2021, the Compensation Committee recommended, and the Board approved, the Broadmark Realty Capital Inc. Executive Officer Annual Cash Bonus Plan (the "Annual Bonus Plan"). The Company's executive officers are eligible to participate in the Annual Bonus Plan, which is effective for fiscal year 2021 and each fiscal year thereafter. For each fiscal year, the Compensation Committee or the Board will establish for each participant (i) a range of annual cash bonus opportunities as percentage of annual base salary, (ii) performance measures, which may include, but are not limited to, any combination of those specified measures set forth in the Annual Bonus Plan (including subjective assessments of an individual's performance), (iii) specific quantitative and/or qualitative performance goals for each performance measure, and (iv) the relative weighting of the performance measures, which may differ by participant. Following the completion of each fiscal year, the Compensation Committee or the Board will review the level of performance achieved by the Company and the participant relative to such variables and determine the amount of the annual cash bonus for the fiscal year earned by each participant.

The foregoing description of the Annual Bonus Plan is qualified in its entirely by reference to the actual terms of the Annual Bonus Plan, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.






(d)Exhibits



Exhibit
 Number                                    Description
  10.1       Broadmark Realty Capital Inc. Executive Officer Annual Cash Bonus Plan
  104      Cover Page Interactive Data File (embedded within the Inline XBRL document)

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