Form 4: Annaly Capital Management Director Francine J. Bovich Reports Changes in Beneficial Ownership

Director Francine J. Bovich reports acquisition of deferred stock units and disposition of common stock.

Summary

• On May 15, 2024, Francine J. Bovich, a director of Annaly Capital Management, reported changes in beneficial ownership.
• Bovich acquired 8,583 deferred stock units (DSUs) that convert to common stock on a one-for-one basis, with settlement deferred until after termination of service.
• Bovich disposed of 3,375 shares of common stock.
• Following the reported transactions, Bovich beneficially owns 89,508 DSUs, which includes 37,810 DSUs acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.

Future Outlook

The deferred stock units will 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.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the transactions of a company director.
• The transactions may have a minor impact on the stock price due to the change in ownership.

Key Dates