Welcome to our dedicated page for Dynex Cap SEC filings (Ticker: DX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Dynex Capital, Inc. (NYSE: DX) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures filed with the U.S. Securities and Exchange Commission. As a Virginia-incorporated financial services company operating as an internally managed real estate investment trust (REIT), Dynex Capital files current reports, registration statements, and other documents that explain its financing activities, capital structure, and legal and tax considerations.
Investors can review current reports on Form 8-K in which Dynex Capital describes material events, such as amendments to its at-the-market equity distribution agreement, updates to legal opinions, and revisions to tax disclosure related to a universal shelf registration statement on Form S-3. These filings outline how additional common shares may be offered through sales agents in at-the-market offerings and provide the associated legal opinions from counsel.
The filings record financial reporting and disclosure practices, including press releases furnished as exhibits that summarize quarterly results, portfolio composition in Agency RMBS and Agency CMBS, leverage metrics, and hedging strategies using interest rate swaps and U.S. Treasury futures. They also include documents like Form 15 related to the termination of a 401(k) plan’s employer stock fund, clarifying that this action does not change Dynex Capital’s reporting obligations for its common stock.
On Stock Titan, AI-powered tools help interpret lengthy SEC documents by highlighting key sections, such as changes to distribution agreements, tax and legal sections of registration statements, and descriptions of capital-raising programs. Users can quickly locate information about Dynex Capital’s common and preferred equity, at-the-market offering capacity, and other regulatory details that are important for understanding DX as a mortgage-focused REIT.
Dynex Capital Chief Financial Officer receives equity grant and has shares withheld for taxes. Michael Andrew Sartori received 25,054 shares of Dynex Capital common stock as a grant or award, bringing his direct holdings to 35,579 shares. Separately, 1,593 shares were previously withheld at $14.03 per share to cover tax obligations upon vesting of restricted stock and restricted stock units. The new restricted stock units were granted under the 2025 Stock and Incentive Plan and will cliff vest on February 28, 2029.
Dynex Capital Chief Financial Officer Michael Andrew Sartori filed a Form 3 reporting his initial holdings in the company. He directly holds 12,118 shares of common stock and 1,714 shares of Series C preferred stock. The common stock position includes 3,665 shares of unvested restricted stock and 6,224 unvested restricted stock units.
BOSTON BYRON L reported acquisition or exercise transactions in this Form 4 filing.
Dynex Capital Inc. director and Co-CEO Byron L. Boston reported an equity grant of 136,006 shares of common stock on March 4, 2026. The award consists of restricted stock units granted under Dynex Capital's 2025 Stock and Incentive Plan and carries no stated purchase price.
According to the filing, these units will vest in three equal installments on February 28, 2027, February 28, 2028, and February 28, 2029. After this grant, Boston directly holds 899,234 shares of common stock, a figure that includes unvested restricted stock units. He also reports indirect holdings through family members, including shares held jointly by his spouse and son and by each of his sons individually.
Childress Jeffrey L reported acquisition or exercise transactions in this Form 4 filing.
Dynex Capital senior vice president and chief accounting officer Jeffrey L. Childress received a grant of 18,275 shares of common stock on March 4, 2026. The shares were awarded as restricted stock units under the 2025 Stock and Incentive Plan at a price of $0.00 per share.
The restricted stock units will vest in equal installments on February 28, 2027, February 28, 2028, and February 28, 2029. After this grant, Childress directly holds 37,554 shares of Dynex Capital common stock, which includes unvested restricted stock units.
Dynex Capital Inc reported that Co-CEO and President Smriti Laxman Popenoe acquired 136,006 shares of common stock on a grant or award basis. These are restricted stock units granted under the 2025 Stock and Incentive Plan at a stated price of $0.00 per share.
The restricted stock units will vest in three equal installments on February 28, 2027, February 28, 2028, and February 28, 2029. Following this award, Popenoe directly owns 548,626 shares, which includes unvested restricted stock units, and has additional indirect holdings of 4,780 shares by spouse and 325 shares by son.
Dynex Capital senior vice president and chief accounting officer Jeffrey L. Childress reported two small insider transactions related to equity compensation. On February 28, 2026, a total of 1,206 shares of common stock were withheld at $14.03 per share to satisfy tax withholding obligations upon vesting of restricted stock and restricted stock units. After these tax-withholding dispositions, he directly owned 19,279 common shares, which the disclosure notes includes unvested restricted stock units.
Dynex Capital Co-CEO Smriti Laxman Popenoe reported equity compensation and related tax withholding transactions in company stock. On 2026-02-28, she acquired 66,287 shares of common stock at $0.00 per share as a grant based on the vesting of performance stock units granted in 2023 for a three-year performance period ending December 31, 2025.
On the same date, 32,514 shares and 28,491 shares of common stock were disposed of at $14.03 per share to satisfy tax withholding obligations upon vesting of performance stock units and restricted stock units. Following these transactions, she directly owned 441,111 shares of Dynex Capital common stock, which includes unvested restricted stock units. Indirect holdings reported include 4,780 shares held by her spouse and 325 shares held by her son.
Dynex Capital Co-CEO and Chairman Byron L. Boston reported equity compensation activity in common stock. He acquired 86,579 shares on February 28, 2026 at $0.00 per share as a grant based on vesting of performance stock units granted in 2023 with a three-year performance period ending December 31, 2025, and this total includes unvested restricted stock units. On the same date, 34,069 shares and 29,002 shares at $14.03 per share were disposed of through tax-withholding transactions upon vesting of performance and restricted stock units to satisfy tax obligations, rather than open-market sales. After these transactions, he directly owned 763,228 common shares. Indirectly, he reported holdings of 3,095 shares by his spouse and son jointly, and 1,500 shares each held by two sons.
Dynex Capital, Inc. appointed Michael Sartori as Chief Financial Officer and principal financial officer, effective immediately. Sartori has been with the company since 2013 and most recently led Capital Markets and Financial Planning and Analysis, advising on capital strategy, growth, and financial performance.
In connection with his promotion, Sartori received equity awards consisting of restricted stock units valued at $350,000, vesting on the third anniversary of grant, and performance stock units valued at $1,200,000, vesting after a three-year performance period, both subject to continued employment and performance conditions. He replaces Robert S. Colligan, who stepped down as CFO by mutual agreement but will remain employed as Special Advisor to the Co‑CEOs through May 1, 2026 to support the transition. The company states that Colligan’s departure is not due to any disagreement regarding financial reporting, accounting, operations, policies, or practices.
Dynex Capital, Inc. is an internally managed mortgage REIT focused on generating dividends from a leveraged portfolio of residential and commercial mortgage-backed securities, primarily Agency RMBS and CMBS backed by U.S. housing and multifamily loans. Its common stock trades on the NYSE under “DX” and preferred under “DXPRC”.
The company uses repurchase agreements and interest rate derivatives to finance and hedge its largely fixed-rate portfolio, emphasizing risk management, capital preservation, and REIT compliance. For 2025, estimated REIT taxable income was $229 million, and common dividends declared were $2.00 per share, with $1.98 treated as taxable dividends.
Dynex highlights extensive risks, including changes in interest rates and spreads, prepayment and extension risk, repo market and counterparty risk, regulatory and tax changes, and the need to maintain REIT and 1940 Act exemptions. As of June 30, 2025, non‑affiliate common equity market value was about $1.5 billion, and 201,983,261 common shares were outstanding as of February 20, 2026.