Campbell Steven Francis 4

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.