Form 4: Dynex Capital's Co-CEO Byron L. Boston Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Byron L. Boston, Co-CEO & Chairman of the Board of Dynex Capital, reports changes in beneficial ownership of company stock due to tax withholding obligations upon vesting of restricted stock units.
Summary
- On March 10, 2025, Byron L. Boston, Co-CEO & Chairman of the Board of Dynex Capital Inc., reported changes in his beneficial ownership of the company's common stock.
- 13,199 shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock units at a price of $14.26 per share.
- Following the transaction, Boston directly owns 736,447 shares of common stock, including unvested restricted stock units.
- He also indirectly owns 3,095 shares jointly with his spouse and son, 1,500 shares through his son, and 1,500 shares through his second son.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the filing reflects a routine transaction related to tax obligations. There is no indication of positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations. It is standard practice for executives to sell shares to cover taxes upon the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: shares disposed of to cover tax obligations. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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