Finkelstein David L 4
4 · ANNALY CAPITAL MANAGEMENT INC · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Annaly (NLY) CEO David Finkelstein Receives 325,797-Share Award
What Happened
David L. Finkelstein, CEO, Co‑CIO and a director of Annaly Capital Management (NLY), had 325,797 shares issued to him on Feb 25, 2026 upon the vesting of a Performance Stock Unit (PSU) award (value: $7,496,589 at $23.01/share). On the same date he surrendered 180,168 shares to the company to satisfy tax withholding obligations related to that vesting (fair value: $4,145,666 at $23.01/share). The net result was an issuance (award/vesting) with a partial share surrender for taxes.
Key Details
- Transaction date: 2026-02-25; Form filed: 2026-02-27 (filed within the typical 2-business-day Form 4 window).
- Award (Code A): 325,797 shares issued at $23.01 each; total reported value $7,496,589.
- Tax withholding (Code F): 180,168 shares surrendered at $23.01 each; total reported value $4,145,666.
- Footnotes: F1–PSUs vested include dividend equivalent units (DEUs); F2–DEUs are counted as common stock equivalents and paid in shares; F3–the surrendered 180,168 shares were used to satisfy withholding for a PSU award originally granted Feb 1, 2023.
- Shares owned after the transaction: not provided in the excerpt of the filing.
Context
- This was a vesting of previously granted PSUs (an award), not an open‑market purchase or sale. The surrender of shares to cover taxes is a routine cashless withholding event and not a deliberate open‑market sale.
- Transaction codes: A = award/acquisition on vesting; F = shares withheld/returned to issuer for taxes.
Insider Transaction Report
Form 4
Finkelstein David L
DirectorCEO and Co-CIO
Transactions
- Award
Common Stock
[F1][F2]2026-02-25$23.01/sh+325,797$7,496,589→ 1,013,931 total - Tax Payment
Common Stock
[F3][F2]2026-02-25$23.01/sh−180,168$4,145,666→ 833,763 total
Footnotes (3)
- [F1]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").
- [F2]DEUs issued on Restricted Stock Units ("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 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.
Signature
/s/ Serena Wolfe, as Attorney-in-Fact for David L. Finkelstein|2026-02-27