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

David Finkelstein, CEO and Co-CIO of Annaly Capital Management, sold 50,000 shares of common stock on May 5, 2025, at a weighted average price of $19.27 per share.

Summary

• David L. Finkelstein, CEO and Co-CIO of Annaly Capital Management, sold 50,000 shares of the company's common stock on May 5, 2025.
• The sale was executed at a weighted average price of $19.27 per share, with prices ranging from $19.12 to $19.34.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 16, 2024, for tax and estate planning purposes.
• Following the transaction, Finkelstein directly owns 760,769 shares of Annaly Capital Management.
• This total includes dividend equivalent units (DEUs) issued on restricted unit awards, each DEU being equivalent to one share of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of overall company performance and industry trends. It's important to consider the reasons behind the sale, such as tax planning or diversification, and whether other insiders are engaging in similar transactions.

Stakeholder Impact

• The sale of shares by the CEO could potentially create short-term uncertainty among shareholders, although the pre-arranged nature of the sale mitigates this concern.

Key Dates

Keywords

Annaly Capital Management, NLY, David Finkelstein, CEO, stock sale, Form 4, Rule 10b5-1, insider trading, dividend equivalent units, DEUs