Annaly director receives 8,641 deferred stock units
Annaly Capital Management director Eric A. Reeves reported a new equity award in the form of Deferred Stock Units (DSUs).
Rhea-AI Filing Summary
Annaly Capital Management director Eric A. Reeves reported a new equity award in the form of Deferred Stock Units (DSUs). He received a grant of 8,641 DSUs that convert into an equal number of common shares on a one-for-one basis under the company’s 2020 Equity Incentive Plan.
The DSUs were granted at no cash cost and are a form of director compensation rather than an open-market purchase. Following this award, Reeves holds 21,544 DSUs in total and 30,593 shares of common stock directly. He has elected to defer settlement of all DSUs until after his board service ends.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 8,641 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.
- F2. Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.
Key Figures
Key Terms
Deferred Stock Units financial
DSUs financial
Annaly Capital Management, Inc. 2020 Equity Incentive Plan financial
grant/award acquisition financial
FAQ
What did Annaly Capital (NLY) director Eric A. Reeves report in this Form 4?
How many Deferred Stock Units does Eric A. Reeves now hold at Annaly Capital (NLY)?
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