Reeves Eric A. 4
Research Summary
AI-generated summary
Annaly (NLY) Director Eric Reeves Receives Award of 8,641 DSUs
What Happened
Eric A. Reeves, a director of Annaly Capital Management, received a grant of 8,641 Deferred Stock Units (DSUs) on June 10, 2026. The award is reported as a derivative grant (transaction code A) at a reported price of $0.00 (no cash exchanged). The filing was submitted June 12, 2026.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (within the typical two-business-day reporting window).
- Award: 8,641 DSUs; reported price $0.00 (derivative grant).
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: DSUs ordinarily convert one-for-one to common shares one year after grant unless the director elects deferred settlement; Mr. Reeves elected deferred settlement for these DSUs.
- Footnote F2: Number shown reflects the aggregate DSUs granted during the director's tenure, net of any conversions.
Context
DSUs are a form of equity compensation for directors that convert to common shares under plan rules; because Mr. Reeves elected to defer settlement, these units will be settled after termination of service rather than converting after one year. This is a grant of director compensation (not an open-market buy or sale) and does not by itself indicate a change in insider buying/selling sentiment.