Form 4: Annaly Capital Management Director Glenn Votek Reports Changes in Beneficial Ownership

Director Glenn Votek reports acquisition of deferred stock units and updates to beneficial ownership of Annaly Capital Management stock.

Summary

• Glenn Votek, a director of Annaly Capital Management, filed a Form 4 to report changes in beneficial ownership.
• The report indicates the acquisition of 8,961 deferred stock units (DSUs) on May 14, 2025.
• These DSUs convert to common stock on a one-for-one basis one year after the grant date, unless settlement is deferred until after termination of service.
• Votek has elected deferred settlement for all reported DSUs.
• The report also reflects a total of 87,513 shares of common stock directly owned.
• The aggregate amount of DSUs granted during Votek's tenure, net of any conversions, is 35,707.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, reflecting neutral sentiment. It simply reports transactions and holdings.

Future Outlook

The deferred stock units will convert to shares of common stock one year after the grant date, 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 regarding the transactions of company insiders, such as directors and officers, in their company's stock. This allows investors to monitor insider activity, which can provide insights into management's perspective on the company's performance and future prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Deferred Stock Units, Director, Annaly Capital Management, NLY, Glenn Votek, Equity Incentive Plan