Dynex Capital (DX) SVP awarded 18,275 restricted stock units in equity grant

Rhea-AI Filing Summary

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Childress Jeffrey L

(Last) (First) (Middle)

C/O DYNEX CAPITAL, INC.

140 EAST SHORE DRIVE, SUITE 100

(Street)

GLEN ALLEN VA 23059

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DYNEX CAPITAL INC [ DX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		A		18,275(1)	A	$0	37,554(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock units granted under the 2025 Stock and Incentive Plan that will vest in equal installments on February 28, 2027, February 28, 2028, and February 28, 2029.

2. Includes unvested restricted stock units.

Remarks:

	/s/ Jeffrey L. Childress	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Dynex Capital (DX) executive Jeffrey L. Childress report in this Form 4?

Jeffrey L. Childress reported receiving a grant of 18,275 restricted stock units of Dynex Capital common stock. These units were awarded under the 2025 Stock and Incentive Plan at a grant price of $0.00 per share, reflecting an equity-based compensation award.

When do Jeffrey L. Childress’s new Dynex Capital (DX) restricted stock units vest?

The 18,275 restricted stock units granted to Jeffrey L. Childress vest in three equal installments. The vesting dates are February 28, 2027, February 28, 2028, and February 28, 2029, creating a multi-year incentive and retention schedule for this equity award.

How many Dynex Capital (DX) shares does Jeffrey L. Childress own after this grant?

After the reported grant, Jeffrey L. Childress directly holds 37,554 shares of Dynex Capital common stock. This total includes unvested restricted stock units, as specifically noted, reflecting both currently vested shares and equity awards that will vest over future years.

What type of transaction is reported in this Dynex Capital (DX) Form 4?

The Form 4 reports a grant, award, or other acquisition of common stock labeled with transaction code “A”. It represents an equity compensation grant of restricted stock units to executive Jeffrey L. Childress, not an open-market purchase of Dynex Capital shares.

Under which plan were the Dynex Capital (DX) restricted stock units granted to Childress?

The restricted stock units granted to Jeffrey L. Childress were issued under Dynex Capital’s 2025 Stock and Incentive Plan. This plan provides equity-based compensation, and the award is structured as time-vested restricted stock units that settle in common stock over several future dates.

Does the Form 4 indicate any sale of Dynex Capital (DX) shares by Jeffrey L. Childress?

No sale is reported in this Form 4; it shows only an acquisition of 18,275 restricted stock units. The transaction code is “A”, described as a grant, award, or other acquisition, and there are no sell transactions listed in the provided data.