David L. Finkelstein - Jun 30, 2021 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role: CEO and CIO, Director
Signature: /s/ Anthony C. Green, as Attorney-in-Fact for David L. Finkelstein
Stock symbol: NLY
Transactions as of: Jun 30, 2021
Transactions value $: -$670,476
Form type: 4
Date filed: 7/14/2021, 05:56 PM
Next filing: Feb 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLY	Common Stock	Options Exercise	$0	+14.8K	+1.35%	$0.00	1.12M	Jun 30, 2021	Direct	F1
transaction	NLY	Common Stock	Tax liability	-$670K	-75.5K	-6.76%	$8.88	1.04M	Jun 30, 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis.
F2	Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on June 30, 2021 of a restricted stock award previously granted on June 30, 2020.

Content

Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis.

Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on June 30, 2021 of a restricted stock award previously granted on June 30, 2020.