Form 4: Director Eric A. Reeves Receives Equity Grant at Annaly

Annaly Capital Management director Eric A. Reeves was granted 8,641 deferred stock units as part of the company's equity incentive plan.

Summary

• Director Eric A. Reeves acquired 8,641 Deferred Stock Units (DSUs) on June 10, 2026.
• The DSUs were granted under the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.
• The reporting person has elected to defer the settlement of these units until after their termination of service.
• Following this transaction, the director holds a total of 21,544 DSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on the company's financial outlook.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Future Outlook

The DSUs convert to common stock on a one-for-one basis one year after the grant date, subject to the director's election to defer settlement until after termination of service.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practices in the REIT sector, intended to ensure director alignment with shareholder interests.

Comparison to Industry Standards

• The use of deferred stock units for director compensation is consistent with standard practices among large-cap mortgage REITs like AGNC Investment Corp and Starwood Property Trust.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

• Conversion of DSUs to common stock upon the director's eventual termination of service.

Key Dates

Keywords

Annaly Capital Management, NLY, Form 4, Insider Trading, Equity Incentive Plan, Director Compensation