Serena Wolfe - 29 Jan 2023 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role: Chief Financial Officer
Signature: /s/ Anthony C. Green, as Attorney-in-Fact for Serena Wolfe
Issuer symbol: NLY
Transactions as of: 29 Jan 2023
Net transactions value: -$47,409
Form type: 4
Filing time: 31 Jan 2023, 16:56:18 UTC
Previous filing: 08 Jul 2022
Next filing: 02 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLY	Common Stock	Options Exercise	$0	+879	+3.6%	$0.000000	25,588	29 Jan 2023	Direct	F1
transaction	NLY	Common Stock	Tax liability	$47,409	-2,020	-7.9%	$23.47	23,568	29 Jan 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis
F2	Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on January 29, 2023 of a restricted stock award previously granted on January 29, 2021.

Content

Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis

Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on January 29, 2023 of a restricted stock award previously granted on January 29, 2021.