Steven Francis Campbell - Jan 31, 2023 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role: President and COO
Signature: /s/ Anthony C. Green, as Attorney-in-Fact for Steven Francis Campbell
Stock symbol: NLY
Transactions as of: Jan 31, 2023
Transactions value $: -$150,240
Form type: 4
Date filed: 2/2/2023, 05:02 PM
Previous filing: Jan 31, 2023
Next filing: Jan 31, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLY	Common Stock	Options Exercise	$0	+389	+0.74%	$0.00	53.3K	Jan 31, 2023	Direct	F1
transaction	NLY	Common Stock	Tax liability	-$15.2K	-632	-1.19%	$24.00	52.7K	Jan 31, 2023	Direct	F2
transaction	NLY	Common Stock	Options Exercise	$0	+1.52K	+2.89%	$0.00	54.2K	Feb 1, 2023	Direct	F1
transaction	NLY	Common Stock	Tax liability	-$135K	-5.63K	-10.39%	$24.00	48.6K	Feb 1, 2023	Direct	F3
transaction	NLY	Common Stock	Award	$0	+38.1K	+78.45%	$0.00	86.7K	Jan 31, 2023	Direct	F4

* 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 31, 2023 of a restricted stock award previously granted on January 31, 2020.
F3	Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2023 of a restricted stock award previously granted on February 1, 2022.
F4	Represents restricted stock units granted pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock of Annaly Capital Management, Inc., par value $0.01 per share. The restricted stock units vest ratably over three years beginning on the one-year anniversary of the grant date (subject to accelerated vesting under certain circumstances).