Reeves Eric A. 4
4 · ANNALY CAPITAL MANAGEMENT INC · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Annaly (NLY) Director Eric Reeves Converts 7,628 DSUs to Shares
What Happened Eric A. Reeves, a director of Annaly Capital Management, converted 7,628 deferred stock units (DSUs) into 7,628 shares of Annaly common stock on May 14, 2026. The conversion was reported as a derivative exercise (transaction code M) with an acquisition price of $0.00 — no cash was paid and no open‑market sale was reported.
Key Details
- Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (filed within the 2 business‑day window).
- Security: Common stock (conversion of DSUs); Amount converted/acquired: 7,628 shares; Reported price: $0.00.
- Transaction code: M (exercise or conversion of derivative).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote F1: DSUs generally convert to one share per DSU one year after grant unless the director elects to defer settlement until after termination of service.
- Footnote F2: The reported DSU conversions reflect aggregate DSUs granted during tenure net of prior conversions, including 3,976 DSUs acquired via dividend reinvestment.
Context This filing documents a conversion of deferred compensation (DSUs) into common shares rather than a market purchase or sale; such conversions are routine and do not necessarily signal a buy/sell decision in the market. Because no sale was reported, this is not a disposition to investors but a settlement of previously granted deferred awards.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-14+7,628→ 30,593 total - Exercise/Conversion
Deferred Stock Units
[F1][F2]2026-05-14−7,628→ 12,903 total→ Common Stock (7,628 underlying)
Footnotes (2)
- [F1]The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.
- [F2]Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions, including 3,976 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.