david finkelstein annaly compensation

Mr has made over 9 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Shifting to residential credit, the sector saw significantly more activity as market dynamics began to improve following the crisis. So that could change but derivatives without achieving a little bit as well as MSR for it to be more attractive. Consistent with our communication last quarter, we continue to speak actively with sponsors, borrowers and agents to closely monitor performance. So it's not an apples-to-apples comparison. Learn More about insider trades at Annaly Capital Management. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Anthony C. Green is Chief Corporate Officer and Chief Legal Officer of Annaly. Ms. Williams has served as Chief Human Resources Officer for NBCUniversal, a multinational media conglomerate, since July 2018, where she is responsible for the companys global human resources function, including compensation, benefits, development and learning, talent acquisition, executive search, HR systems, and the HR service center. David L. Finkelstein C.F.A. Chief Executive OfficerChief Investment Officer. Does that answer your question? Prior to joining Annaly in December 2019, Ms. Wolfe had served as a Partner at Ernst & Young LLP (E&Y) since 2011. We further reduced the LIBOR footprint of our hedge portfolio with our swap now 80% in OIS and we reinitiated our treasury future short position that was unwound in the first quarter. As I mentioned we out-earned the dividend by $0.05 this quarter and absent another market dislocation or other foreseen developments, we expect Q3 core canings to also the dividend. All proxy statements are public filings made available to the general public by the SEC. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. Please go ahead. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Out treasury function is the best in the business and their expertise and exemplary market timing was a key component that helped us weather the market dislocation last quarter and our ability to deliver strong core earnings this quarter. Great. You may also find the annual proxy statement by going directly to the company's website. 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. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. As we look at the buyback policy, it's not a point in time estimated, everything changes on a daily basis because asset prices changes in the relative attractiveness of buying back stock versus putting that capital to work in the portfolio changes and if you just think about the immediate accretion of the stock buyback in terms of book value versus the longer-term earnings of the portfolio, there is a trade-off there certainly and we generated 25% accretion from the buyback thus far. Audit CommitteeManagement Development and Compensation CommitteeRisk Committee. 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. Mr. David L. Finkelstein C.F.A. 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. Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. June 30, 2022 . Ms. Bovich is a member of The Economic Club of New York, and an emeritus trustee of Connecticut College and a Member of the Investment Sub-Committee for its endowment. in Accounting from the University of Notre Dame and a M.B.A. from the Harvard Graduate School of Business. Thank you for attending today's presentation. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. Our next question comes from Kenneth Lee with RBC Capital Markets. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report for the year 2021, titled Taking Stock of Our Impact. Dr. Hannan previously served as the Midwest Area Managing Partner for KPMGs Tax Services. David L. Finkelstein C.F.A. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The information shown here is a reporting of information included in the company's proxy statement. Learn More on David L. Finkelstein's trading history. Ilker . Learn More about David L. Finkelstein's net worth. Mr has made over 9 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Chief Corporate OfficerChief Legal Officer. Annaly's principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Click Here for Your Free Ultimate Dividend Package. Serena Wolfe is Chief Financial Officer of Annaly. 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. 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. 25. times its median employee's . Prior to joining Annaly in April 2015, Mr. Campbell held various roles over six years at Fortress Investment Group LLC, including serving as a Managing Director in the Credit Funds business. David Finkelstein About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form . Mr. Schaefer served as a board member and chair of the audit committee of USI Holdings Corporation from 2008 through 2012. David's mailing address filed with the SEC is C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036. Right. On average, Annaly Capital Management Inc executives and independent directors trade stock every 35 days with the average trade being worth of $908,853. Mr. Hamilton has served as an Owner and Director of Construction Forms, Inc. (Con Forms), an industrial manufacturing company, since 2013. Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2022. NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. Francine J. Bovich was elected to serve as an independent director of Annaly in 2014. Chief Executive Officer, President and Director. Ms. Bovich has over 30 years of investment management experience lastly serving as a Managing Director of Morgan Stanley Investment Management from 1993 through 2010. There are no executives at Annaly Capital Management Inc getting paid more. David L. Finkelstein C.F.A. Our next question comes from Rick Shane with JPMorgan. From September 2010 to December 2011, Mr. Haylon served as Head of Investment Product Management at General Re New England Asset Management. in International and Comparative Law from Cornell Law School. Following the completion of the transaction, the chief executive officer now directly owns 1,669,013 shares of the company's stock, valued at $9,279,712.28. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Just had a curiosity what are some things that you are concerned about or really looking closely at, you kind of in the end and immediate term. Mr. Haylon has previously served on the boards of Aberdeen Asset Management and Phoenix Investment Partners. Enter your email address below to get our daily insider buying and selling report. Despite the challenging environment, we're pleased with how the portfolio has performed during the period ending the quarter essentially unchanged at $2.2 billion in assets. Additionally during the second quarter, we utilized our share buyback program and have now repurchased $175 million common stock year-to-date. Please go ahead. Just one [indiscernible] quarter, really favorable backdrop funding cost attractive, specialist TV end market. 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. Hey how much did TBAs add to your net interest margin for the quarter? Annaly Capital Management Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Annaly Capital Management Inc, Stocks and cryptocurrency portfolio tracker. Mr. Reeves received his B.A. . So we feel good about it. Across sectors within commercial, the operating fundamentals remain challenged in hospitality as the average national occupancy rate hovers around 40% and in retail the prolonged shutdown and increasing number of retailer bankruptcies is continuing to weigh on that sector. Consisting of $22 million of additional reserves during the quarter primarily resulting from the impacts of COVID-19 on our [indiscernible] and more general reserves related to forecast for a deterioration in economic conditions and market values of $46.8 million. 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. Mr. Green has served as Chief Corporate Officer since January 2019 and Chief Legal Officer since March 2017. Learn More on David L. Finkelstein's salary. Learn More on David L. Finkelstein's salary. in Finance from Florida State University. View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005206/en/, Annaly Capital Management, Inc. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. Annalys principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. As a result we ran numerous scenarios in excess of 20, to determine the appropriate amount of Cecil reserves to the quarter and ultimately booked reserves that were considerably more conservative than our base case scenario. June 30, 2022; my septum piercing won't flip up; vegan mochi cake recipe 1-888-8Annaly For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. So broadly speaking in agency it's probably pool pricing and in credit there could be unforeseen events given the economy that could disrupt individual assets. 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. Annaly Capital Management, Inc. Names David L. Finkelstein Chief Executive Officer Interim CEO Glenn Votek to Assume Role of Senior Advisor and Remain on the Board of Directors March 16, 2020 07: . I didn't in the prepared comments. Wondering if you could just provide a bit more color on your prepared remarks on the potential to increase agency allocation. Annaly ended the quarter with excellent liquidity profile within $7.9 billion of unencumbered assets an increase of $1 billion from prior quarter and including cash and unencumbered agency MBS of $5.3 billion. Mr. Reeves serves on the boards of several DCM portfolio companies and funds as well as on the Advisory Board of Ozinga Bros. His civic and philanthropic commitments include trusteeships at Rush University Medical Center and the National Philanthropic Trust. 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. 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. Mr. Green was Deputy General Counsel of Annaly from 2009 until March 2017. So the NIM itself is not reflective of TBAs at all to your dollar role at all? The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. Coronavirus Tips Working and Protection. Management Development and Compensation Committee (Chair)Audit Committee. On average, Annaly Capital Management Inc executives and independent directors trade stock every 35 days with the average trade being worth of $908,853. Mr. Finkelstein received a B.A. Now to begin with, I wanted to touch on a few strategic corporate actions we've taken as of late. Michael Haylon was elected to serve as an independent director of Annaly in 2008. The average price of those shares was I believe $6.30 or meaningfully above that level now. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital Management Inc. Mr has made over 11 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. The stock was acquired at an average cost of $5.56 per share, with a total value of $1,112,000.00. From 1991 through 2005, Ms. Bovich served as the U.S. Representative to the United Nations Investment Committee, which advised a global portfolio of approximately $30 billion. Sure Ken you bet and what I meant by that is that the increase in agency could occur over the very short term as credit markets are still redeveloping and we do have some runoff in that capital will be reallocated to agency over the very near term and when we say that, a very small percentage. The estimated net worth of David L. Finkelstein is at least $33.93 million as of June 17th, 2022. NEW YORK--(BUSINESS WIRE)-- The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. Reinvestment is a key criteria here. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. NEW YORK, June 09, 2022--Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report for the year 2021 . None of Annaly's achievements would have been possible without . See David L Finkelstein's compensation, career history, education, & memberships. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Learn More on David L. Finkelstein's contact information. When I look this morning three month 10-year swaption was up 53 basis points. Look, first of all I'll talk about the footprint and agency derivatives for example and what we're talking about here Eric is the difference between balance sheet leverage and instructional leverage. The information shown here is a reporting of information included in the company's proxy statement. The improvement in singles that the market currently believes that the majority of forbearance cases, which have stabilized over the past couple of months will ultimately be resolved. from Loras College. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its second corporate responsibility report for the year 2020, titled Leading with Purpose.The report demonstrates Annaly's continued focus on environmental, social and governance ("ESG") endeavors and provides an update on Annaly's ESG goals and commitments. Press Releases | Annaly Capital, https://www.businesswire.com/news/home/20220609005206/en/. 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. Annaly Capital Management, Inc. NLY ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. 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 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. Annaly provides supplemental disclosures under the Sustainability Accounting Standards Board (SASB) standards and the Global Reporting Initiative (GRI) standards frameworks. Overall we feel good about conservative positioning in the portfolio across sectors and the strength of our relationships with best in class sponsors and operating partners to mitigate in further disruption. We would expect more equity allocated to it, certainly, with the option to apply a modest amount of leverage. Last updated: 1 March 2023 at 11:00am EST. 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? Annaly Capital Management (NYSE:NLY) Q4 2021 Earnings Conference Call February 10, 2022 10:00 AM ETCompany Participants. Total reserves now comprise 5.32% of our acreage in MML loan portfolios as of June 30, 2020. Most recently, Mr. Hamilton served as a Strategic Advisor to the Global Head of Fixed Income, Currencies and Commodities at Barclays Capital in New York. in Economics from Connecticut College and an M.B.A. in Finance from New York University. We add the incremental dollar role income to core income and then the outcome. In the second quarter and beyond as we mentioned, we bought back $175 million worth of stock. This information is according to proxy statements filed for the 2021 fiscal year. Trustee. Mr. Finkelstein also holds the Chartered Financial Analyst designation. 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. With respect to our CRE portfolio specifically, total assets at quarter end of $2.5 billion represented a slight decrease while economic interest remained essentially flat. Learn More about David L. Finkelstein's net worth. As always we spent time analyzing the results of the reserve calculations and ensuring our expectations align with the quality of the portfolio and the performance of the borrowers. Annaly's principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. And with that, I'll turn it over to operator for questions. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Please go ahead. david finkelstein annaly compensation. And finally, the company has performed exceptionally well given the challenges faced from remote work and market uncertainty. Of this total $1,000,000 was received as a salary, $6,325,000 was received as a bonus, $0 was received in stock options, $1,800,001 was awarded as stock and $13,763 came from other types of compensation. There are 11 older and 9 younger executives at Annaly Capital Management Inc. And as part of our preparation, we've chosen to be conservative with our leverage as well as our dividend. This report is not for commercial use. Signaling from a fed on continued low rates combined with considerable injection of additional reserves in the financial system through repo operation and asset purchases have led to very stable funding conditions with repo markets experiencing no signs of stress through the quarter even on pivotal month end and quarter end days 1.8. Since 2011, Ms. Bovich has been a trustee of The Bradley Trusts. Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . It's been relatively calm. So it's reflected in your funding cost. David you had in your comments suggested that Q3 earnings core earnings are on track to exceed the dividend again and I'm curious when you guys think about dividend policy, currently your ROEs are very high. None of Annaly's achievements would have been possible without . 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. Exactly, exactly and we'll see where we end the year but we feel good about where we think it is. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the . 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. We maintained the view that the agency sector represents the most attractive investment opportunity currently while also providing strong liquidity. Current positions of David Finkelstein. 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. There are 11 older and 9 younger executives at Annaly Capital Management Inc. David L. Finkelstein, who has been serving as Annaly's Chief Investment Officer, Agency and RMBS, has been named Annaly's . I suspect that one of the things that influences the outlook is reinvestment risk as the speeds pick up. So we're very happy that the market picked up the slack and did a lot of that work.