Anthony C. Green - Jun 30, 2022 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role: Chief Corporate Officer, CLO
Signature: /s/ Anthony C. Green
Stock symbol: NLY
Transactions as of: Jun 30, 2022
Transactions value $: -$95,789
Form type: 4
Date filed: 7/5/2022, 05:41 PM
Previous filing: Feb 3, 2022
Next filing: Jan 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLY	Common Stock	Options Exercise	$0	+6.34K	+1.53%	$0.00	422K	Jun 30, 2022	Direct	F1
transaction	NLY	Common Stock	Tax liability	-$95.8K	-16.2K	-3.84%	$5.91	406K	Jun 30, 2022	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 June 30, 2022 of a restricted stock award previously granted on June 30, 2020.

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 June 30, 2022 of a restricted stock award previously granted on June 30, 2020.