Form 4: Annaly Capital Director Scott Wede Receives Stock Grant

Director Scott Wede was granted 8,641 Deferred Stock Units as part of Annaly Capital Management's equity incentive plan.

Summary

• Director Scott Wede acquired 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 units convert to common stock on a one-for-one basis.
• The reporting person has elected to defer settlement of these units until after their termination of service.
• Following this transaction, the director holds a total of 26,185 DSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Director alignment with shareholder interests through equity-based compensation.

Future Outlook

The DSUs will convert to common stock one year after the grant date, or upon the director's termination of service, per the director's election.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure long-term alignment between directors and shareholders in the mortgage REIT sector.

Comparison to Industry Standards

• The use of Deferred Stock Units is a common compensation structure for non-executive directors in publicly traded REITs.
• The one-for-one conversion ratio is standard for equity incentive plans in the financial services industry.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation.

Next Steps

• Conversion of DSUs to common stock upon the director's future termination of service.

Key Dates

Keywords

Annaly Capital Management, NLY, Form 4, Insider Trading, Director Compensation, Equity Incentive Plan