Finkelstein David L 4
4 · ANNALY CAPITAL MANAGEMENT INC · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Annaly (NLY) CEO David Finkelstein Receives RSUs, Surrenders Shares
What Happened David L. Finkelstein, CEO, Co‑CIO and director of Annaly Capital Management (NLY), had restricted stock units (RSUs) vest on Feb 1, 2026. He was credited with 152,976 shares at $23.01 each (value ≈ $3,519,978) as an award (code A). To satisfy the tax withholding obligation tied to the vesting, 139,889 shares were surrendered to the company at $23.01 each (value ≈ $3,218,846) (code F).
Key Details
- Transaction date: 2026-02-01; Filing date: 2026-02-03 (Form 4 filed timely).
- Award: 152,976 RSU shares @ $23.01 = $3,519,978 (code A).
- Disposition for tax withholding: 139,889 shares surrendered @ $23.01 = $3,218,846 (code F).
- Shares owned after the transaction: not specified in the Form 4 filing.
- Footnotes:
- F1: The surrendered shares were used to satisfy tax withholding on RSU vesting.
- F2: Dividend equivalent units (DEUs) on RSUs are treated as common stock equivalents and included in reported holdings.
- F3: RSUs granted under the 2020 Equity Incentive Plan vest ratably over three years beginning one year after grant.
Context This was an RSU vesting event with shares withheld to cover taxes (a routine, non‑open‑market disposition), not a market sale or open‑market purchase. The award (acquisition) increases beneficial ownership subject to the company’s reporting; the surrendered shares are a common cashless method to satisfy withholding and do not by themselves signal insider buying or selling intent.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-01$23.01/sh−139,889$3,218,846→ 585,158 total - Award
Common Stock
[F3][F2]2026-02-01$23.01/sh+152,976$3,519,978→ 738,134 total
Footnotes (3)
- [F1]Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2026 of restricted stock unit ("RSU") awards previously granted on February 1, 2023, February 1, 2024 and February 1, 2025.
- [F2]Dividend equivalent units ("DEUs") issued on RSUs 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.
- [F3]Represents RSUs granted pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock of Annaly Capital Management, Inc., par value $0.01 per share. The RSUs vest ratably over three years beginning on the one-year anniversary of the grant date (subject to accelerated vesting under certain circumstances).