VOTEK GLENN 4

What Happened

• Glenn Votek, a director of Annaly Capital Management, Inc. (NLY), received a grant of 8,641 deferred stock units (DSUs) on June 10, 2026. The award is reported at $0.00 because DSUs are a non-cash equity grant (classified as a derivative award).

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12.
• Transaction type/code: Award/Grant (A); 8,641 DSUs; reported price $0.00.
• Shares owned after transaction: Not specified in this filing.
• Footnote F1: DSUs convert to common stock on a one-for-one basis one year after the grant unless the director elects deferred settlement; Mr. Votek elected deferred settlement for these DSUs until after termination of service.
• Footnote F2: Amount reflects aggregate DSUs granted during the director’s tenure, net of any conversions.
• Filing timeliness: Reported two days after the transaction date, within the usual two-business-day Form 4 window.

Context

• DSUs are a form of director compensation that convert to shares later (or upon termination if deferred). This is an equity award, not an open-market purchase or sale, and therefore is routine compensation rather than a direct market signal of buying or selling by the insider.