Popenoe Smriti Laxman 4

What Happened
Smriti Popenoe, Co-CEO, President and a director of Dynex Capital, was granted 136,006 restricted stock units (RSUs) on March 4, 2026. The Form 4 reports the acquisition price as $0.00 (typical for RSU grants); the filing lists the transaction as an award (code A) rather than a purchase or sale.

Key Details

• Transaction date and type: 2026-03-04 — grant/award of 136,006 RSUs at $0.00 (Form 4 code A).
• Filing date: 2026-03-06 — appears to be filed within the normal 2-business-day window.
• Vesting: Per footnote F1, these RSUs vest in equal installments on Feb 28 of 2027, 2028 and 2029.
• Post-transaction holdings: The filing notes holdings "include unvested restricted stock units" (F2); the total shares owned after the grant are not specified in the provided summary.
• No 10b5-1 plan, sale, or tax-withholding sale was indicated in this filing.

Context
RSU grants are a form of executive compensation and do not represent an open-market purchase or sale. They become ordinary shares only as they vest (and typically create a taxable event when they do). Such awards are common for executives and should be viewed as compensation-related rather than a direct trading signal.