Director Manon Laroche awarded 8,641 DSUs in Annaly (NYSE: NLY) equity plan

Rhea-AI Filing Summary

ANNALY CAPITAL MANAGEMENT INC director Manon Laroche received a grant of 8,641 Deferred Stock Units (DSUs) tied to the company’s Common Stock. The DSUs convert to Common Stock on a one-for-one basis, and Laroche has elected to defer settlement until after her service ends. Following this grant, she directly holds 26,185 DSUs in total and 0 shares of Common Stock directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Laroche Manon

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	8,641	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Deferred Stock Units — 26,185 shares (Direct, null); Common Stock — 0 shares (Direct, null)

Footnotes (1)

1. 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. Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

Key Figures

DSUs granted: 8,641 units Total DSUs after grant: 26,185 units Common Stock directly held: 0 shares +1 more

4 metrics

DSUs granted 8,641 units Deferred Stock Units granted to director on 2026-06-10

Total DSUs after grant 26,185 units Aggregate DSUs held by director after transactions

Common Stock directly held 0 shares Direct Common Stock holdings after reported transactions

DSU conversion ratio 1 share per unit Each DSU converts into one share of Common Stock

Key Terms

Deferred Stock Units, Annaly Capital Management, Inc. 2020 Equity Incentive Plan, convert to shares of Common Stock, termination of service

4 terms

Deferred Stock Units financial

"The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Annaly Capital Management, Inc. 2020 Equity Incentive Plan financial

"pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan"

convert to shares of Common Stock financial

"The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis"

termination of service financial

"until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan"

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Laroche Manon

(Last) (First) (Middle)

1211 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ANNALY CAPITAL MANAGEMENT INC [ NLY ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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

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

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

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								0	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
Deferred Stock Units	(1)	06/10/2026		A		8,641		(1)	(1)	Common Stock	8,641	$0	26,185(2)	D

Explanation of Responses:

1. 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.

2. Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

Remarks:

	/s/ Audrey K. Susanin, as Attorney-in-Fact for Manon Laroche	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Annaly Capital Management (NLY) report for Manon Laroche?

Annaly Capital Management reported that director Manon Laroche received a grant of 8,641 Deferred Stock Units (DSUs). These units are linked to Annaly’s Common Stock and represent compensation rather than an open-market stock purchase or sale.

How many Deferred Stock Units does Manon Laroche hold after this Form 4 filing for NLY?

After the reported grant, Manon Laroche directly holds 26,185 Deferred Stock Units. This figure reflects the aggregate DSUs granted during her tenure as a director, net of any prior conversions into Annaly Capital Management Common Stock.

When do Manon Laroche’s Deferred Stock Units in Annaly Capital Management convert to Common Stock?

The Deferred Stock Units convert to Common Stock on a one-for-one basis one year after the grant date, unless the director elects to defer settlement. Manon Laroche has elected to defer settlement until after her termination of service with Annaly.

What election did Manon Laroche make regarding settlement of her Annaly (NLY) Deferred Stock Units?

Manon Laroche elected to defer settlement of all reported Deferred Stock Units until after her termination of service. This election is made pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan governing these director awards.

Does Manon Laroche directly own any Annaly Capital Management Common Stock after this Form 4?

Following the reported transactions, the filing shows 0 shares of Common Stock directly owned by Manon Laroche. Her reported equity exposure in this filing consists entirely of 26,185 Deferred Stock Units linked to Annaly’s Common Stock.