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Annaly Capital (NYSE: NLY) director awarded 8,641 deferred stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ANNALY CAPITAL MANAGEMENT INC director Vicki Williams received 8,641 Deferred Stock Units (DSUs) as a compensation award. These DSUs convert into the company’s common stock on a one-for-one basis.

After this grant, Williams holds a total of 57,099 DSUs. Under the company’s 2020 Equity Incentive Plan, she has elected to defer settlement of all these DSUs until after her service as a director ends, so this filing reflects a non-cash equity award rather than any open-market buying or selling of shares.

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Insider Williams Vicki
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 — 57,099 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.
Deferred Stock Units granted 8,641 units Grant on 2026-06-10 to director Vicki Williams
Total Deferred Stock Units held 57,099 units Aggregate DSUs after grant for Williams
Common stock directly held 0 shares Direct common stock holdings after reported transactions
Deferred Stock Units financial
"The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant"
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"
conversion financial
"Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions."
Conversion is the exchange of one type of financial instrument for another, most commonly turning convertible bonds or preferred shares into common stock. It matters to investors because conversion changes the number of outstanding shares and ownership stakes—like trading a coupon for a slice of a company—potentially reducing each existing owner's portion, affecting per-share earnings, voting power and the market value of the stock.
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FAQ

What did Annaly Capital (NLY) director Vicki Williams report in this Form 4?

Director Vicki Williams reported receiving 8,641 Deferred Stock Units as an equity grant. These units are a form of stock-based compensation that convert into Annaly common shares on a one-for-one basis, increasing her total deferred units to 57,099.

Did Vicki Williams buy or sell Annaly Capital (NLY) shares in the market?

The filing shows no open-market purchases or sales by Vicki Williams. Instead, she received 8,641 Deferred Stock Units as a grant, a non-cash compensation award that will convert into common stock at a future settlement date.

How many Deferred Stock Units does Vicki Williams now hold at Annaly (NLY)?

After the reported grant, Vicki Williams holds 57,099 Deferred Stock Units. This figure reflects the aggregate DSUs granted during her board tenure, net of any prior conversions into Annaly Capital common stock, according to the Form 4 footnotes.

When will Vicki Williams’ Annaly (NLY) Deferred Stock Units convert to common stock?

The Deferred Stock Units normally convert into common stock one year after grant. However, Williams elected to defer settlement until after her service as a director ends, under Annaly Capital’s 2020 Equity Incentive Plan, delaying actual share delivery.

What are Deferred Stock Units in the context of Annaly Capital (NLY)?

Deferred Stock Units are equity awards that track the value of Annaly common shares and later convert one-for-one into stock. They allow directors like Vicki Williams to receive compensation in equity, often with settlement deferred until service termination.
SEC Form 4
FORM 4UNITED 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*
Williams Vicki

(Last)(First)(Middle)
C/O ANNALY CAPITAL MANAGEMENT, INC.
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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock0D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units(1)06/10/2026A8,641 (1) (1)Common Stock8,641$057,099(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 Vicki Williams06/12/2026
** Signature of Reporting PersonDate
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)