Form 4: Annaly Capital Management Director Martin Laguerre Reports Changes in Beneficial Ownership

Director Martin Laguerre reports acquisition of deferred stock units and disposal of derivative securities.

Summary

• On May 17, 2024, Martin Laguerre, a director of Annaly Capital Management, filed a Form 4 with the SEC.
• The report details changes in his beneficial ownership of the company's securities.
• Laguerre acquired 8,583 deferred stock units (DSUs) on May 15, 2024, which convert to common stock on a one-for-one basis one year after the grant date, unless settlement is deferred.
• He has elected to defer the settlement of all DSUs.
• The report also indicates the disposal of derivative securities.
• Following the reported transactions, Laguerre beneficially owns 17,982 DSUs, which includes 1,232 DSUs acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of Annaly Capital Management's securities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's stake in the company.
• It assures stakeholders that directors' interests are aligned with theirs.

Key Dates