Steven Francis Campbell - 25 Feb 2026 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Reporting relationship: President and COO
Issuer ticker: NLY
Reported as of: 25 Feb 2026
Net transaction value: +$356,177
SEC form: 4
Accepted by SEC: 27 Feb 2026, 16:21:23 UTC
Prior SEC filing: 19 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Serena Wolfe, as Attorney-in-Fact for Steven Francis Campbell

Key filing fact

Steven Francis Campbell filed Form 4 for ANNALY CAPITAL MANAGEMENT INC (NLY) on 27 Feb 2026.

Key facts

This page summarizes Steven Francis Campbell's Form 4 filing for ANNALY CAPITAL MANAGEMENT INC (NLY).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 27 Feb 2026, 16:21.

Change

Previous filing in this sequence was filed on 19 Feb 2026.
Current net transaction value: +$356,177.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001631803 Primary reporting owner

Campbell Steven Francis

Relationship: President and COO
Address: C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK
Signature: /s/ Serena Wolfe, as Attorney-in-Fact for Steven Francis Campbell
Signature date: 27 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NLY transaction

Common Stock

Sale

Transaction value: $604,790
Shares: -26,491
Change %: -13%
Price: $22.83
Shares after: 178,000
Date: 25 Feb 2026
Ownership: Direct
Footnotes: F1, F2, F3

NLY transaction

Common Stock

Award

Transaction value: $1,963,190
Shares: +85,319
Change %: +48%
Price: $23.01
Shares after: 263,319
Date: 25 Feb 2026
Ownership: Direct
Footnotes: F3, F4

NLY transaction

Common Stock

Tax liability

Transaction value: $1,002,224
Shares: -43,556
Change %: -17%
Price: $23.01
Shares after: 219,763
Date: 25 Feb 2026
Ownership: Direct
Footnotes: F3, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 3, 2025 for tax and estate planning purposes.

Footnote F2

The price reported above reflects the weighted average sale price, rounded to the nearest hundredth. The highest price at which the shares were sold was $23.01 and the lowest price at which the shares were sold was $22.55. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.

Footnote F3

Dividend equivalent units ("DEUs") issued on restricted unit awards are included in the reporting person's common stock holding balance. Each DEU is the economic equivalent of one share of common stock of Annaly Capital Management, Inc. and payable in one share for each whole DEU.

Footnote F4

Represents the number of shares of common stock issued upon the vesting of a Performance Stock Unit ("PSU") award, inclusive of dividend equivalent units ("DEUs").

Footnote F5

Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting of a PSU award previously granted on February 1, 2023.