Form 4: Annaly Capital CEO Finkelstein Reports Stock Transactions

Annaly Capital Management CEO David L. Finkelstein reported the vesting of performance stock units and subsequent tax-related share disposition.

Summary

• David L. Finkelstein, CEO and Co-CIO of Annaly Capital Management, reported transactions on February 25, 2026.
• Acquired 325,797 shares of common stock at a price of $23.01 per share, resulting from the vesting of a Performance Stock Unit (PSU) award, which included dividend equivalent units (DEUs).
• Disposed of 180,168 shares of common stock at a price of $23.01 per share to satisfy tax withholding obligations related to the PSU award vesting.
• Following these transactions, Finkelstein's direct beneficial ownership of common stock is 833,763 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing routine compensation vesting and associated tax-related share disposition, which is a common occurrence for executives and does not reflect discretionary buying or selling.

Positives

• The vesting of Performance Stock Units (PSUs) indicates the achievement of performance criteria, leading to compensation for the CEO.

Negatives

• A portion of the vested shares (180,168 shares) was disposed of to cover tax withholding obligations, reducing the net increase in beneficial ownership.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock ownership changes. These transactions, particularly those related to compensation vesting and tax withholding, are common and generally not indicative of a change in management's long-term view of the company.

Stakeholder Impact

• Shareholders: Provides transparency on executive compensation and ownership changes, but the transactions themselves are routine and unlikely to have a direct material impact on company operations or strategy.

Key Dates

Recommendation

This Form 4 details routine insider transactions related to compensation vesting and tax obligations, not discretionary buying or selling. As such, it does not provide new fundamental information to alter an investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Annaly Capital Management, NLY, David L. Finkelstein, Form 4, insider trading, stock transactions, CEO, Co-CIO, performance stock units, PSU, dividend equivalent units, DEU, tax withholding