Wolfe Serena 4

What Happened Serena Wolfe, Chief Financial Officer of Annaly Capital Management (NLY), had restricted stock units (RSUs) vest on Feb 1, 2026. As a result she was issued 45,632 shares at $23.01 each (value ≈ $1,049,992). To satisfy the tax withholding obligation on vesting, she surrendered 35,660 of those shares at the same price (proceeds ≈ $820,537). The surrender of shares to cover taxes is a withholding action (not an open‑market sale).

Key Details

• Transaction date: 2026-02-01; Filing date: 2026-02-03 (filed timely).
• Acquired: 45,632 shares @ $23.01 each (grant/award, code A) — total ≈ $1,049,992.
• Surrendered/disposed: 35,660 shares @ $23.01 each to satisfy tax withholding (code F) — total ≈ $820,537.
• Shares owned after transaction: not specified in the provided excerpt.
• Relevant footnotes:
  • F1: Shares surrendered to issuer to satisfy tax withholding on RSU vesting (grants from 2023–2025).
  • F2: Dividend equivalent units (DEUs) on RSUs are included in the reporting person’s common stock balance; each DEU equals one share and is payable in whole shares.
  • F3: RSUs granted under the 2020 Equity Incentive Plan; each RSU converts to one share and vests ratably over three years beginning one year after grant.

Context This was a routine RSU vesting with shares withheld for tax purposes (a common, administrative form of disposition), not an open‑market sale or a directional trade signal. The RSUs represent contingent rights to company stock that vest over time; the net shares Wolfe actually receives after withholding are reduced by the surrendered shares.