Serena Wolfe - Feb 1, 2024 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Signature
/s/ Anthony C. Green, as Attorney-in-Fact for Serena Wolfe
Stock symbol
NLY
Transactions as of
Feb 1, 2024
Transactions value $
-$194,545
Form type
4
Date filed
2/5/2024, 06:04 PM
Previous filing
Jan 31, 2024
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLY Common Stock Options Exercise $0 +3.14K +5.4% $0.00 61.3K Feb 1, 2024 Direct F1
transaction NLY Common Stock Tax liability -$195K -9.94K -16.23% $19.57 51.3K Feb 1, 2024 Direct F2
transaction NLY Common Stock Award $0 +60K +116.94% $0.00 111K Feb 1, 2024 Direct F3
* 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 February 1, 2024 of restricted stock awards previously granted on February 1, 2022 and February 1, 2023.
F3 Represents restricted stock units granted pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock of Annaly Capital Management, Inc., par value $0.01 per share. The restricted stock units vest ratably over three years beginning on the one-year anniversary of the grant date (subject to accelerated vesting under certain circumstances).