david finkelstein annaly compensation

Additional information on the Company can be found at www.annaly.com. As an internally managed REIT, we look forward to demonstrating increased transparency and alignment with our shareholders who will benefit from our ability to be more nimble in the way we do business in order to generate long-term value. We also announced two leadership changes, Steve Campbell was appointed as Chief Operating Officer and Glenn Votek will retire from his role as Senior Advisor at the end of August while remaining a Director on our board. Okay. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The largest trade he's ever made was buying 200,000 units of Annaly Capital Management Inc stock on 17 June 2022 worth over $1,112,000. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. We remain comfortable with our existing credit portfolios and the associated Cecil reserves and will continue to monitor specific asset performance and economic projections as we determine future reserves. The stock was acquired at an average cost of $5.56 per share, with a total value of $1,112,000.00. . Now with respect to our hedges, we added to our swap portfolio primarily in the front end and short-term swaps with pay rates close to 0% providing attractive hedge to our financing. from the University of Notre Dame and a M.B.A. from the University of Chicago, Booth School of Business. Content referenced in today's call can be found in our second quarter 2020 investor presentation and second quarter 2020 financial supplement, both found under the Presentation section of our website. Current positions of David Finkelstein. Most recently he exercised 31,721 units of NLY stock worth $179,224 on 30 June 2022. . Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. There are no executives at Annaly Capital Management Inc getting paid more. Mr. Reeves has served as Managing Director, Head of Private Capital Investments of Duchossois Capital Management (DCM) since 2017. Michael Haylon was elected to serve as an independent director of Annaly in 2008. Until December 2017, Ms. Denahan served as Chairman of the Board of Annaly (from November 2012) and Executive Chairman of Annaly (from September 2015). Mr. Finkelstein owns 1,669,013 shares of Annaly Capital Management stock worth more than $36,417,864 as of February 13th. California Weighs $360,000 in Reparations to Eligible Black Residents. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The Agency group invests in agency mortgage-backed securities. From 1997 to 1998, Mr. Schaefer was Managing Director and Head of Strategic Planning and Capital Management at Morgan Stanley. Jun 09, 2022. Prior to Barclays, Mr. Hamilton held various Managing Director roles at Citigroup, Inc. and Salomon Brothers, Inc., where he began his career. Portfolio construct has been protected against broader sectors that have witnessed demand destruction and we maintain meaningful exposure where pockets of spend remainder resilient. So given the slope of the curve, given the significant decrease in front end OIS rates to zero roughly, we took the opportunity to add hedges and move down the curve and better balance out the hedge profile to bring the average life to about half what it was at the end of the first quarter and it's still about twice the duration may be a little bit more than twice the duration of the asset portfolio currently, but at 40% hedge ratio being more -- a little bit over twice the duration you get to roughly 80% to 90% may be a little bit more interest rate protection assuming a parallel shift in the curve with a still slight steepening bias which we think is the appropriate approach. in Finance from Florida State University. Chief Executive OfficerChief Investment Officer. David L. Finkelstein C.F.A. There are 11 older and 9 younger executives at Annaly Capital Management Inc. He was President and Chief Operating Officer of the Global Wealth Management division of Morgan Stanley from 2000 to 2005. We continue to be impressed by the resiliency of our workforce and the exemplary service that our IT infrastructure team has provided to every one of us during the time of remote work. And as part of our preparation, we've chosen to be conservative with our leverage as well as our dividend. Overall, we maintained a more constructive view of the operating environment and our ability to deliver compelling returns as each of our businesses respected sectors begins to emerge from the initial volatility and destruction caused by the pandemic. The reason why they appreciate is because there worth it. Aggregate issuance under our OBX shelf has now reached 4.5 billion across 11 transactions since 2018. Annaly Capital Management can also be reached via phone at (212) 696-0100 and via email at [emailprotected] Learn More on David L. Finkelstein's contact information. Okay. was elected to serve as an independent director of Annaly in February 2019. Compensation Ownership; David . They provide a much better competitive profile with lower prepayment characteristics than the market, but generally speaking pool pricing can be variable and so that's probably the risk in any agency. All proxy statements are public filings made available to the general public by the SEC. Our residential portfolio was roughly unchanged quarter-over-quarter at $2.6 billion as modest purchases and mark-to-market increases largely offset sales and portfolio runoff. Corporate Responsibility Committee (Chair)NCG CommitteeRisk Committee. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Information on this page was last updated on 6/17/2022. 2022-2023 Spring Category. Prior to the 1997 merger of Dean Witter, Discover and Morgan Stanley, Mr. Schaefer was Executive Vice President, Investment Banking and Head of Corporate Finance at Dean Witter, a position he had held since 1991. Additionally as noted above, core did benefit from a reduction in financing costs with low average repo rates down to 79 basis points from 1.77% combined with lower average repo balanced stands at $68.5 million from $96.8 million and we achieved these results while opportunistically extending our repo book term increasing our weighted average date of maturity by 50% from 48 days to 74 days. Please go ahead. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in dividends to our shareholders in a variety of interest rate and economic conditions. Right. This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. We don't complete clarity on the economy and some of that runoff could go into the agency sector. My No. The lower coupon holdings are predominantly in TBAs and higher coupons are concentrated and specified pools in light of the meaningful elevation in prepayment speeds in this environment. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. So is it fair to say that the repurchase will be part of the flaps in terms of using that excess earnings in the short term? Consistent with that strategy, since the beginning of the second quarter, we added $1.125 billion of capacity across two new credit facilities for our residential credit group, the permanent nonrecourse financing. In terms of how it's actually reflected in the yield it's not. Mr. Finkelstein also holds the Chartered Financial Analyst designation. Mr. Haylon has served as Managing Director and Head of Conning North America at Conning, Inc., a global provider of investment management solutions, services and research to the insurance industry, since June 2018. Under the standard an entity recognizes its estimate of lifetime expected credit losses as an allowance, which the fed believes will result in more timely recognition of such losses and while changes in economic scenarios and asset performance in the future will impact Cecil reserves in subsequent quarters, current reserve levels should not be considered as a pervasive credit issue within the portfolio or an indication of what reserves may be recorded in the future. It's been relatively calm. Ms. Wolfe is a Certified Public Accountant in the states of New York, California, Illinois and Pennsylvania. Mr Finkelstein owns over 6,186 units of Annaly Capital Management Inc stock worth over $8,163,735 and over the last 6 years he sold NLY stock worth over $0. Mr. Hamiltons prior roles at Barclays include serving as the Global Head of Securitized Product Trading and Banking, in which capacity he was responsible for the build out of the Barclayss Global Securitized Product businesses, and as the Head of Municipal Trading and Investment Banking. You may also find the annual proxy statement by going directly to the company's website. David's mailing address filed with the SEC is C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036. Mr. Finkelstein has 25 years of experience in fixed income investments. He was Chief Financial Officer of the Phoenix Companies, Inc. from 2004 until 2007, and Executive Vice President and Chief Investment Officer of the Phoenix Companies in 2002 and 2003. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in . As we gain further clarity around the long-term implications of COVID, we are reassured by the stable and defensive nature of our portfolio and remain confident in its ability to withstand prolonged bouts of market volatility. Prior to joining NBCUniversal, Ms. Williams was a Partner with Pay Governance LLC and a Principal with Towers Perrin (now Willis Towers Watson). David Finkelstein is Chief Executive Officer and a Board Director of Annaly Capital Management.<br><br>David has 25 years of experience in fixed income investments. Annaly actively integrates ESG considerations into its overall strategy through the following key areas: corporate governance, human capital, responsible investments and the environment. Thank you. Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Shifting to middle-market lending, activity has also picked up as of late as spreads have tightened and sponsors have refinanced transactions that have exhibited improving underlying leverage profiles. We feel good about where pools are at. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. We maintained the view that the agency sector represents the most attractive investment opportunity currently while also providing strong liquidity. And that's exactly right. Very helpful and one quick follow-up if I may, you mentioned in terms of the agency funding composition extending out the repo financing terms, wondering going forward, would you expect to either further lengthen the repo financing terms or maintain what you've been doing, thanks? Yeah I think prepay is kind of an obvious one outside of that. Glenn A. Votek was elected to serve as a Director of Annaly in November 2019. So it's not an apples-to-apples comparison. Annaly Capital Management's insider roster includes David Finkelstein (CEO), and Thomas Hamilton (Director). The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. It did get below that level in early 2019 to about 49 basis points and then the last time prior to that was 2017 and before that it was pre-crisis. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Will Others Follow? Thank you, Purvi and good morning, everyone and thanks for joining us on our second quarter earnings call. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. This underscores our belief that the stock is undervalued relative to our book value and affirms our support of the value of our stock through the various capital allocation tools we have on hand. ANNALY CAPITAL MANAGEMENT annual reports of executive compensation and pay are most commonly found in the Def 14a documents. This report is not for commercial use. Everyone at Annaly contributes to our success and we're proud of the results that we've reported for the second quarter and expect to continue providing best in class results for our shareholders. The most recent insider tranaction occured on June, 17th when CEO David L Finkelstein bought 200,000 shares worth more than $1,112,000.00. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Please go ahead. NEW YORK--(BUSINESS WIRE)-- is the Pres, CEO & Director at Annaly Capital Management Inc. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. Insiders at Annaly Capital Management own 0.3% of the company. We have to look at how attractive assets are and then put that in the context of where thee stock prices make a buyback decision based on that. biography. from Loras College. in Accounting from the University of Notre Dame and a M.B.A. from the Harvard Graduate School of Business. 1-888-8Annaly and LL.M. from the Ohio State University. in Economics from Connecticut College and an M.B.A. in Finance from New York University. Unit tranches and second lean loans within middle-market are experiencing more notable price discovery than its larger market blathering and we expect these gaps to remain as traditional middle-market participants grapple with their portfolios. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. . Okay. We add the incremental dollar role income to core income and then the outcome. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The chart on this page features a breakdown of the total annual pay for David L. Finkelstein, Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT as reported in their proxy statements. In credit as we've said, we like our portfolio. Total reserves now comprise 5.32% of our acreage in MML loan portfolios as of June 30, 2020. We're experiencing a meaningful imbalance between supply and demand as a cyclically low number of housing units, meets continued strong household formations and anecdotal evidence suggests that pandemic disruptions that limited impact on the home buying and refinancing processes. Click Here for Your Free Ultimate Dividend Package. David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. I suspect that one of the things that influences the outlook is reinvestment risk as the speeds pick up. Annaly encourages investors, analysts, the media and other interested parties to monitor the company's website in addition to following Annaly's press releases, SEC filings, public conference calls, presentations, webcasts and other information they post from time to time on its website. Do you expect any meaningful shift in terms of equity capital allocation going forward, thanks? Mr. Finkelstein earned a salary of $1,000,000.00, a bonus of $6,325,000.00, stock awards of $1,800,001.00, and other compensation of $13,763.00. We also continue to take advantage of the attractive low levels of volatility to hedge the tail risk of a sharp rise in rates in the long end of the yield curve and as such, we replaced much of our legacy swaps in position with additional out of the money payers options. With the improved stability in the financial markets, we've seen an improvement of lenders appetite to finance credit assets particularly in the residential space in anticipation of the expiration of our FHLB membership in February of 2021, we're executing an offset financing strategy involving committed funding facilities for our residential credit business and as David mentioned, we maintain a strong presence in residential securitization market. Annaly provides supplemental disclosures under the Sustainability Accounting Standards Board (SASB) standards and the Global Reporting Initiative (GRI) standards frameworks. However, non-agency lending has been somewhat slow to redevelop as credit standards have tightened relative to pre-pandemic underwriting and mortgage originators tend to focused more on agency originations in light of fewer frictions in a wide primary secondary spread. Learn More on David L. Finkelstein's contact information. So while implied volatility is very low and that's by design on part of the part of the fed and to the extent it continues to decline, it will be a more attractive hedge to our agency portfolio and I would say that in current levels, you should expect it to be a critical component of the portfolio going forward. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. Mr. Hamilton received a B.S. But when you look at the portfolio and the economic return of the portfolio on the quarter, that was 15% and that persists we think. Learn More on Annaly Capital Management's active insiders. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. So right now balance sheet leverage pools of finance through the repo market is more attractive than structural leverage meaning derivatives who when I say structural leverage I mean an asset whose outcome is dependent on a larger asset like derivatives are. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. David L. Finkelstein is CEO and Chief Investment Officer of Annaly. Anthony C. Green is Chief Corporate Officer and Chief Legal Officer of Annaly. This is in large part due to the ongoing decisive actions taken by the Federal Reserve, which have been successful in restoring markets and easing credit strains. Mr Finkelstein owns over 6,186 units of Annaly Capital Management Inc stock worth over $8,163,735 and over the last 6 years he sold NLY stock worth over $0. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") announced today the Board of Directors (the "Board") has elected David L. Finkelstein as its Chief Executive Officer and a . I wanted to talk a little bit about dividend policy. So look with respect to the agency market, we are in an environment where funding is abundantly available and will be for some time given the reserves in the system. A reconciliation of GAAP to non-GAAP measures is included in our earnings release. Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Mr. Finkelstein has over 25 years of experience in fixed income investments. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Below are excerpts from my letter to shareholders, released April 7, 2021. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. From 2015 until 2018, Dr. Hannan served as a Senior Advisor for KPMGs Board Leadership Center and National Leader Total Impact Strategy and, from 2009 until 2015, as KPMGs National Managing Partner of Diversity and Corporate Responsibility.

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