Childress Jeffrey L 4
Research Summary
AI-generated summary
Dynex Capital (DX) SVP/CAO Jeffrey Childress Sells 1,206 Shares
What Happened
- Jeffrey L. Childress, SVP and Chief Accounting Officer of Dynex Capital (DX), had a total of 1,206 shares disposed on 2026-02-28 as share-withholdings to satisfy tax withholding obligations on vested restricted stock/RSUs. The withholdings consisted of 769 shares at $14.03 each ($10,789) and 437 shares at $14.03 each ($6,131), for a combined value of about $16,920.
Key Details
- Transaction date: 2026-02-28; Form 4 filed 2026-03-03.
- Price per share: $14.03.
- Shares withheld/disposed: 769 shares ($10,789) and 437 shares ($6,131); total 1,206 shares (~$16,920).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1/F3 indicate shares were withheld upon vesting to satisfy tax withholding; F2 notes holdings include unvested restricted stock units (RSUs).
- Filing timeliness: Filing date provided; no late filing flag indicated on the Form 4.
Context
- These were tax-withholding disposals (code F), not open-market sales. Withholding is a routine administrative step when RSUs vest — the company retains/surrenders shares to cover required taxes — and does not necessarily indicate the insider’s view of the company’s stock.