Laroche Manon 4

What Happened

• Manon Laroche, a director of Annaly Capital Management, was granted 8,641 Deferred Stock Units (DSUs) on June 10, 2026. The grant is reported as a derivative award at $0.00 per unit (transaction code A); no cash was paid. The filing reports the units rather than an immediate share purchase or sale.

Key Details

• Transaction date: 2026-06-10 (Form 4 filed 2026-06-12; filing appears timely).
• Grant: 8,641 DSUs; reported price $0.00 (derivative award, not an open-market trade).
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: DSUs convert 1-for-1 into common shares one year after grant unless the director elects deferred settlement; Laroche elected deferred settlement for these DSUs (they will be settled after termination of service).
• Footnote F2: The reported figure reflects the aggregate DSUs granted during the director’s tenure, net of any conversions.
• Transaction code: A = Award/Grant.

Context

• DSUs are a form of equity compensation for directors and do not represent an immediate market purchase or sale; they convert into shares later (or on termination, per Laroche’s election). Such grants are routine director compensation and do not by themselves indicate a buy/sell signal.