Form 4: Annaly Capital Director Reports DSU Grant

Director Thomas Edward Hamilton was granted 8,641 deferred stock units as part of Annaly Capital Management's equity incentive plan.

Summary

• Director Thomas Edward Hamilton received a grant of 8,641 Deferred Stock Units (DSUs) on June 10, 2026.
• The DSUs are granted under the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.
• The reporting person has elected to defer the settlement of these units until after their termination of service.
• Following this transaction, the director holds 53,884 total DSUs directly, in addition to 32,500 shares of common stock held directly and 82,500 shares held indirectly via the Cure FA Foundation, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• The director continues to maintain a significant equity stake in the company, aligning interests with shareholders.

Negatives

• None identified; this is a standard compensatory equity grant for a board member.

Risks

• None identified; this is a routine disclosure of director compensation.

Future Outlook

The DSUs convert to common stock on a one-for-one basis one year after the grant date, subject to the director's election to defer settlement until after termination of service.

Industry Context

StockSavvy.ai notes that this filing represents standard corporate governance practice for REITs, where board members are typically compensated with equity to ensure long-term alignment with shareholder value.

Comparison to Industry Standards

• The use of Deferred Stock Units for director compensation is a standard practice among large-cap REITs such as AGNC Investment Corp and Starwood Property Trust.
• The deferral election is a common feature in executive and director compensation plans to manage tax implications and long-term retention.

Corporate Governance

Stakeholder Impact

• Shareholders: No material impact; reflects standard board compensation.

Next Steps

• The DSUs will remain in the director's account until the specified deferral period ends upon termination of service.

Key Dates

Keywords

Annaly Capital Management, NLY, Form 4, Director Compensation, Deferred Stock Units, Insider Trading