Wolfe Serena 4

4 · ANNALY CAPITAL MANAGEMENT INC · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 28, 2026

ANNALY (NLY) CFO Serena Wolfe Receives PSU Award; Surrenders Shares

What Happened

Serena Wolfe, Chief Financial Officer of Annaly Capital Management (NLY), had 83,106 shares issued on vesting of a Performance Stock Unit (PSU) award at $23.01 per share (total value $1,912,269) on 2026-02-25. To satisfy tax withholding, 42,427 of those shares were surrendered to the company at the same $23.01 price (value $976,245). The net increase in Wolfe’s holdings from this vesting was 40,679 shares (about $936,024 at $23.01).

Key Details

Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (filed within the typical two‑business‑day window).
Awarded/issued: 83,106 shares @ $23.01 (total $1,912,269) — code A (award/acquisition).
Tax withholding: 42,427 shares surrendered @ $23.01 (total $976,245) — code F (tax withholding).
Net shares retained from vesting: 40,679 shares (approx. $936k at $23.01).
Shares owned after transaction: not disclosed in the filing.
Footnotes from the filing:
- F1: Number reflects common shares issued upon PSU vesting, inclusive of dividend equivalent units (DEUs).
- F2: DEUs on RSUs are treated as equivalent to shares and included in the reporting balance.
- F3: The surrendered shares satisfied the tax withholding obligation related to a PSU award originally granted Feb 1, 2023.

Context

This was a standard equity award vesting event (not a market purchase or option exercise). The surrender of shares to cover taxes is a routine administrative step and doesn’t necessarily signal buying or selling intent by the insider. The filing shows a net increase in Wolfe’s holdings from the award.

Form 4

Period: 2026-02-25

Chief Financial Officer

Transactions

Award
Common Stock
[F1][F2]
2026-02-25$23.01/sh+83,106$1,912,269→ 256,187 total
Tax Payment
Common Stock
[F3][F2]
2026-02-25$23.01/sh−42,427$976,245→ 213,760 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|2026-02-27

1 file