Form 4: Dynex Capital Co-CEO Byron L. Boston Reports Changes in Beneficial Ownership

Byron L. Boston, Co-CEO and Chairman of the Board of Dynex Capital Inc., reports a transaction involving the withholding of shares to cover tax obligations and adjustments to holdings in the company's 401(k) plan.

Summary

• On September 8, 2024, Dynex Capital's Co-CEO Byron L. Boston reported changes in his beneficial ownership of the company's stock.
• 15,207 shares were withheld to cover tax obligations related to the vesting of restricted stock units at a price of $12.47 per share.
• Following the transaction, Boston directly owns 645,666 shares of Dynex Capital.
• He also indirectly owns 1,500 shares through his son, 1,500 shares through his second son, and 3,095 shares jointly with his spouse and son.
• The Dynex Capital, Inc. 401(k) Plan ceased offering Dynex Capital, Inc. common stock as an investment option effective as of August 30, 2024, resulting in the sale of shares held by the reporting person through the plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard transactions related to stock ownership and tax obligations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates adjustments to the Co-CEO's holdings due to tax obligations and changes in the company's 401(k) plan.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in insider ownership.
• The change in the 401(k) plan affects employees who previously had the option to invest in Dynex Capital stock.

Key Dates