Hannan Kathy Hopinkah 4

What Happened

• Kathy Hopinkah Hannan, a director of Annaly Capital Management, Inc. (NLY), was granted 8,641 Deferred Stock Units (DSUs) on 2026-06-10. The grant is recorded as a derivative award at $0.00 per unit (aggregate immediate value $0).

Key Details

• Transaction date: 2026-06-10; Form 4 filed 2026-06-12 (timely filing).
• Transaction type/code: Award/Grant (A); derivative units (DSUs) reported at $0.00.
• Quantity: 8,641 DSUs. The filing notes this figure reflects the aggregate DSUs granted during the director’s tenure, net of any conversions (Footnote F2).
• Settlement terms (Footnote F1): DSUs normally convert one-for-one to common shares one year after grant, unless the director elects to defer settlement. The reporting person has elected deferred settlement for all DSUs reported above (i.e., settlement will occur after termination of service).
• Shares owned after transaction: not specified in the provided filing.

Context

• DSUs are a form of equity compensation that do not require cash payment at grant and are often used to compensate non-employee directors. Because Hannan elected deferred settlement, these units will not convert to shares after one year but will be settled following her termination of service, per the company’s 2020 Equity Incentive Plan. This award is routine director compensation and does not by itself indicate a buy or sell signal.