Campbell Steven Francis 4
4 · ANNALY CAPITAL MANAGEMENT INC · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Annaly (NLY) President Steven Campbell Receives Award, Sells Shares
What Happened
Steven Francis Campbell, President and COO of Annaly Capital Management (NLY), had multiple transactions on Feb 25, 2026. He received 85,319 shares (PSU vesting, inclusive of dividend equivalent units) at $23.01 each for a total value of $1,963,190. In related activity he sold 26,491 shares on the open market for a weighted average price of $22.83 ($604,790 total) and surrendered 43,556 shares at $23.01 ($1,002,224) to satisfy tax withholding obligations.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
- Award: 85,319 shares @ $23.01 → $1,963,190 (PSU vesting, inclusive of DEUs).
- Sale: 26,491 shares sold (open market) weighted avg price $22.83 → $604,790; sale prices ranged from $22.55 to $23.01.
- Tax withholding: 43,556 shares surrendered @ $23.01 → $1,002,224 to cover taxes on vesting.
- Footnotes: Sale effected under a Rule 10b5-1 plan adopted Nov 3, 2025; DEUs are included in the award; surrendered shares were to satisfy tax withholding for a PSU granted Feb 1, 2023.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
Context
This was primarily an award/vesting event (acquisition of shares via PSU vesting) with routine related actions: shares surrendered to cover withholding and a planned sale executed under a pre-established 10b5-1 plan. Awards/vestings increase insider holdings; sales here were disclosed as part of a Rule 10b5-1 plan and tax withholding, which are common and do not by themselves indicate the insider’s forward-looking view.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-02-25$22.83/sh−26,491$604,790→ 178,000 total - Award
Common Stock
[F4][F3]2026-02-25$23.01/sh+85,319$1,963,190→ 263,319 total - Tax Payment
Common Stock
[F5][F3]2026-02-25$23.01/sh−43,556$1,002,224→ 219,763 total
Footnotes (5)
- [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 $23.01 and the lowest price at which the shares were sold was $22.55. 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.
- [F4]Represents the number of shares of common stock issued upon the vesting of a Performance Stock Unit ("PSU") award, inclusive of dividend equivalent units ("DEUs").
- [F5]Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting of a PSU award previously granted on February 1, 2023.