Dynex Capital (DX) Co-CEO Byron Boston: RSUs Withheld for Taxes

What Happened

• Byron L. Boston, Co-CEO and Chairman of Dynex Capital (DX), had 15,667 restricted stock unit (RSU) shares withheld to satisfy tax withholding obligations upon vesting. The shares were valued at $12.89 each, totaling $201,948. This was a withholding disposition (code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-09-08; Filing date: 2026-09-10 (filed within the typical 2-business-day window).
• Price per share: $12.89; Shares withheld/disposed: 15,667; Total value: $201,948.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes: F1 = shares withheld upon RSU vesting to satisfy tax withholding; F2 = holdings include unvested restricted stock units.
• Transaction type code: F (payment of exercise price or tax liability via share withholding).

Context

• This was a routine tax-withholding for vested RSUs (cashless/withholding disposition), which reduces the net shares issued to the insider but is not an open-market sale indicating a change in sentiment. Such withholdings are common when equity awards vest and do not necessarily reflect buying or selling intent.