Form 4: Director Kathy Hannan Increases Equity Stake in Annaly

Annaly Capital Management director Kathy Hopinkah Hannan acquired 8,641 deferred stock units as part of annual equity compensation.

Summary

• Director Kathy Hopinkah Hannan was granted 8,641 Deferred Stock Units (DSUs) on June 10, 2026.
• The DSUs represent a right to receive common stock on a one-for-one basis.
• The reporting person has elected to defer settlement of these units until after their termination of service.
• Following this transaction, the director holds a total of 44,348 DSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing reflecting standard director compensation rather than a strategic shift or market-moving event.

Positives

• Demonstrates alignment of interests between the director and shareholders through equity-based compensation.
• The director maintains a long-term commitment to the company by electing deferred settlement of equity units.

Negatives

• None identified; this is a standard compensatory equity grant.

Risks

• None identified; this is a routine disclosure of director compensation.

Future Outlook

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

Industry Context

StockSavvy.ai notes that director equity grants are standard practice in the mortgage REIT sector to ensure board members have 'skin in the game' and are aligned with long-term shareholder value creation.

Comparison to Industry Standards

• The grant of deferred stock units is consistent with standard corporate governance practices for NYSE-listed financial companies.
• The use of a 2020 Equity Incentive Plan aligns with industry norms for executive and director compensation structures.

Corporate Governance

Stakeholder Impact

• Shareholders benefit from increased director alignment with company performance.

Next Steps

• The DSUs will remain in the director's account until the specified deferral period ends or service is terminated.

Key Dates

Keywords

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