Sartori Michael Andrew 4

What Happened

• Michael Andrew Sartori, Chief Financial Officer of Dynex Capital (DX), received a grant of 25,054 restricted stock units (RSUs) on 2026-03-04 (acquired at $0.00 at grant). Separately, 1,593 shares were withheld on 2026-02-28 to satisfy tax withholding obligations related to vesting, a disposition recorded at $14.03 per share for a cash value of $22,350.
• The RSU grant represents future equity rather than an immediate cash purchase; the withheld shares were a routine tax-withholding disposition, not an open-market sale for investment purposes.

Key Details

• Transaction dates and amounts:
  • 2026-02-28: 1,593 shares withheld for taxes (code F) — 1,593 shares × $14.03 = $22,350 (disposed)
  • 2026-03-04: 25,054 RSUs granted (code A) — 25,054 shares @ $0.00 (acquired)
• Shares owned after the transactions: Not specified in the supplied filing data.
• Footnotes of note:
  • F1: Shares were withheld upon vesting to satisfy tax withholding obligations.
  • F2: Reported holdings include unvested restricted stock and RSUs.
  • F3: The RSUs were granted under the 2025 Stock and Incentive Plan and will cliff vest on February 28, 2029.
• No 10b5-1 plan or late-filing flag was provided in the supplied information.

Context

• The RSU grant is a standard form of compensation that vests in the future (cliff vesting in 2029 per F3); it’s an acquisition of future equity rather than an open-market purchase. The small disposition was tax withholding tied to vesting and is routine for executive compensation, not necessarily an indication of buying or selling sentiment.