BOSTON BYRON L 4

What Happened
Byron L. Boston, Co‑CEO and Chairman of the Board of Dynex Capital (DX), received an award of 136,006 restricted stock units (RSUs) reported on Form 4 for a March 4, 2026 transaction. The filing shows an acquisition price of $0.00 per share (non‑cash equity award). This is a compensation grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: March 4, 2026; filed with the SEC on March 6, 2026 (timely filing).
• Award: 136,006 RSUs; reported price $0.00 per share.
• Vesting: RSUs vest equally over 3 years with vesting dates of Feb 28, 2027; Feb 28, 2028; and Feb 28, 2029 (footnote F1).
• Shares owned after transaction: filing indicates totals include unvested RSUs (footnote F2); the Form 4 did not report a separate total beneficial ownership number in the supplied data.
• Transaction type: equity award under Dynex Capital’s 2025 Stock and Incentive Plan.

Context
RSU grants are a common form of executive compensation and do not represent a cash outlay by the insider. They typically align executive incentives with shareholder value but do not, by themselves, signal a buy or sell decision in the market.