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

Byron L. Boston, Co-CEO & Chairman of the Board of Dynex Capital, reports acquisition and disposal of common stock and restricted stock units.

Summary

• On February 21, 2025, Byron L. Boston acquired 76,435 shares of common stock at $0, and disposed of 3,709 shares on February 23, 2025, at $14.06 to cover tax obligations.
• Following these transactions, Boston directly owns 718,392 shares of common stock.
• He also indirectly owns 3,095 shares with his spouse and son, and 1,500 shares each with his son.
• The 76,435 shares were awarded as restricted stock units under the Dynex Capital, Inc. 2020 Stock and Incentive Plan, vesting in three equal installments on February 28, 2026, February 28, 2027, and February 28, 2028.
• The reported holdings include unvested restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing is a standard reporting requirement. The acquisition of restricted stock units is a positive sign, but the disposal of shares for tax obligations is a minor negative.

Positives

• The acquisition of 76,435 restricted stock units shows continued alignment of the Co-CEO's interests with the company's long-term performance.

Negatives

• The disposal of 3,709 shares, while for tax obligations, represents a slight decrease in direct ownership.

Future Outlook

The vesting schedule of the restricted stock units indicates a multi-year commitment by the Co-CEO to the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the Co-CEO's continued investment in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the Co-CEO's holdings and transactions.

Key Dates