Form 4: Dynex Capital Co-CEO Smriti Popenoe Reports Stock Disposal for Tax Obligations

Smriti Laxman Popenoe, Co-CEO, President, and CIO of Dynex Capital, Inc., reports disposing of shares to cover tax withholding obligations upon vesting of restricted stock.

Summary

• On September 8, 2024, Smriti Laxman Popenoe, Co-CEO, President, and CIO of Dynex Capital, Inc., disposed of 18,665 shares of common stock to satisfy tax withholding obligations.
• The shares were disposed of at a price of $12.47 per share.
• Following the transaction, Popenoe directly owns 321,542 shares of Dynex Capital common stock, which includes unvested restricted stock and restricted stock units.
• Popenoe also indirectly owns 4,780 shares through a spouse and 325 shares through a 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, and all shares held by the reporting person through the plan were sold by the plan trustee.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common occurrence.

Key Dates