Campbell Steven Francis 4

4 · ANNALY CAPITAL MANAGEMENT INC · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Annaly (NLY) President/COO Steven Campbell Sells 28,225 Shares

What Happened

Steven Francis Campbell, President and Chief Operating Officer of Annaly Capital Management, sold 28,225 shares of NLY stock in an open-market transaction on February 18, 2026. The weighted-average sale price was $23.12, for total proceeds of about $652,562. This was a sale (not a purchase), which is typically a routine insider disposition rather than a bullish signal.

Key Details

Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-19)
Quantity and price: 28,225 shares sold; weighted-average price $23.12; reported high $23.27 and low $22.93 (report notes breakdown available on request)
Proceeds: ≈ $652,562
Shares owned after transaction: not specified in the provided filing
Footnotes of note:
- The sale was effected pursuant to a Rule 10b5-1 trading plan adopted November 3, 2025 for tax and estate planning (pre-arranged plan).
- The price shown is a weighted average; the filer can provide a breakdown of sales at each price in the reported range.
- Dividend equivalent units (DEUs) from restricted unit awards are included in the filer’s reported common stock balance (each DEU equals one share when paid).
Timeliness: Filing appears timely (transaction date 2026-02-18; Form 4 filed 2026-02-19).

Context

Because the sale was carried out under a Rule 10b5-1 plan, it was prearranged and may reflect tax or estate planning rather than a decision based on current company prospects. Sales under such plans are common for executives and reduce the informational significance compared with ad-hoc insider trades.

Form 4

Period: 2026-02-18

President and COO

Transactions

Sale
Common Stock
[F1][F2][F3]
2026-02-18$23.12/sh−28,225$652,562→ 204,491 total

Footnotes (3)

[F1]The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 3, 2025 for tax and estate planning purposes.
[F2]The price reported above reflects the weighted average sale price, rounded to the nearest hundredth. The highest price at which the shares were sold was $23.27 and the lowest price at which the shares were sold was $22.93. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
[F3]Dividend equivalent units ("DEUs") issued on restricted unit awards are included in the reporting person's common stock holding balance. Each DEU is the economic equivalent of one share of common stock of Annaly Capital Management, Inc. and payable in one share for each whole DEU.

Signature

/s/ Serena Wolfe, as Attorney-in-Fact for Steven Francis Campbell|2026-02-19

1 file