Form 4: Annaly Capital Management CEO David Finkelstein Sells 50,000 Shares

Annaly Capital Management's CEO, David Finkelstein, sold 50,000 shares of common stock on February 10, 2025, at an average price of $20.6 per share, according to a recent SEC filing.

Summary

• David L. Finkelstein, CEO and Co-CIO of Annaly Capital Management, Inc., sold 50,000 shares of common stock on February 10, 2025.
• The sale was executed at a weighted average price of $20.6 per share, with prices ranging from $20.465 to $20.670.
• The transaction was conducted under a pre-arranged Rule 10b5-1 plan adopted on May 16, 2024, for tax and estate planning purposes.
• Following the transaction, Finkelstein directly owns 677,465 shares of Annaly Capital Management.
• This includes dividend equivalent units (DEUs) which are economically equivalent to shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged plan and doesn't necessarily indicate a negative outlook on the company.

Industry Context

Insider sales are common and can be for various reasons, including diversification, tax planning, or estate planning. The use of a pre-arranged 10b5-1 plan suggests the sale was planned in advance and not based on current market information.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Annaly Capital Management, David Finkelstein, NLY, SEC Form 4, Stock Sale, Rule 10b5-1, Insider Trading, CEO, Common Stock, Dividend Equivalent Units