Annaly director converts 7,628 units to shares
Annaly Capital Management director Eric A. Reeves exercised deferred stock units into common stock in a routine compensation-related move.
Rhea-AI Filing Summary
Annaly Capital Management director Eric A. Reeves exercised deferred stock units into common stock in a routine compensation-related move. On May 14, 2026, he converted 7,628 Deferred Stock Units into the same number of Common Stock shares at a stated price of $0.00 per share, reflecting a non-cash equity settlement. Following the transaction, he directly holds 30,593 shares of Common Stock and 12,903 Deferred Stock Units, which convert to common shares on a one-for-one basis under Annaly’s 2020 Equity Incentive Plan. The filing shows no open-market purchases or sales, only the exercise and related reduction of DSUs granted during his board service, including units previously added through dividend reinvestment.
Positive
- None.
Negative
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Insider Trade Summary
7,628 shares exercised/converted
Exercise
2 txns
Insider
Reeves Eric A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 7,628 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,628 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 12,903 contracts (Direct);
Common Stock — 30,593 shares (Direct)
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.
- F2. Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions, including 3,976 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.
Key Figures
DSUs converted: 7,628 units
Shares received: 7,628 shares
Common Stock holdings: 30,593 shares
+2 more
5 metrics
DSUs converted
7,628 units
Deferred Stock Units converted to Common Stock on May 14, 2026
Shares received
7,628 shares
Common Stock acquired via DSU conversion at $0.00 per share
Common Stock holdings
30,593 shares
Direct Common Stock position following the reported transaction
Deferred Stock Units remaining
12,903 units
DSU balance after conversion, convertible one-for-one into Common Stock
Dividend reinvestment DSUs
3,976 units
Portion of DSUs acquired via dividend reinvestment at no additional price
Key Terms
Deferred Stock Units, dividend reinvestment, Annaly Capital Management, Inc. 2020 Equity Incentive Plan, Exercise or conversion of derivative security
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.
dividend reinvestment financial
"including 3,976 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Annaly Capital Management, Inc. 2020 Equity Incentive Plan financial
"pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan"
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
FAQ
What did Annaly Capital (NLY) director Eric A. Reeves report in this Form 4?
Eric A. Reeves reported exercising Deferred Stock Units into common stock, a non-cash equity settlement. He converted 7,628 DSUs into 7,628 shares of Common Stock on May 14, 2026, reflecting routine compensation rather than an open-market trade.
Did Eric A. Reeves buy or sell Annaly Capital (NLY) stock on the open market?
The Form 4 shows no open-market purchases or sales by Eric A. Reeves. Instead, it reports a derivative exercise: converting 7,628 Deferred Stock Units into the same number of Common Stock shares at a stated price of $0.00 per share.
What are Deferred Stock Units (DSUs) in Annaly Capital’s equity plan?
Deferred Stock Units are share-based awards that convert into Common Stock on a one-for-one basis. At Annaly, DSUs typically convert one year after grant unless a director elects to defer settlement until after service ends, under the 2020 Equity Incentive Plan.
How many Deferred Stock Units has Eric A. Reeves accumulated at Annaly Capital (NLY)?
Following this transaction, Eric A. Reeves holds 12,903 Deferred Stock Units. This reflects DSUs granted during his tenure as a director, net of prior conversions, and includes 3,976 DSUs acquired through dividend reinvestment at no additional purchase price.
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