Form 4: Annaly Capital Management Director Eric A. Reeves Reports Changes in Beneficial Ownership

Director Eric A. Reeves reports changes in beneficial ownership of Annaly Capital Management Inc. stock and deferred stock units.

Summary

• On May 17, 2024, Eric A. Reeves, a director of Annaly Capital Management Inc., reported changes in his beneficial ownership of the company's securities.
• He converted 7,048 Deferred Stock Units (DSUs) into common stock.
• He acquired 8,583 Deferred Stock Units on May 15, 2024.
• Following these transactions, Reeves directly owns 22,664 shares of common stock and 14,421 Deferred Stock Units.
• The DSUs convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the director's holdings.

Key Dates