david finkelstein annaly compensation

Anthony C. Green is Chief Corporate Officer and Chief Legal Officer of Annaly. Learn More on David L. Finkelstein's salary. Mr. David L. Finkelstein, C.F.A., serves as Chief Investment Officer of Annaly Capital Management, Inc. since November 16, 2022. . We encourage you to read the disclaimer in our earnings release in addition to our quarterly and annual filings. 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. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the . Mr. Votek has over 30 years of experience in financial services. Social distancing and mandated shutdowns have damaged certain sectors of the economy and the corresponding impact on the labor market has been substantial. We've isolated around where we ended the quarter and right now as about last night it's up roughly 1%. Mr. Finkelstein also holds the Chartered Financial Analyst designation. Mr. Haylon received a B.A. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. Shifting to residential credit, the sector saw significantly more activity as market dynamics began to improve following the crisis. He was President and Chief Operating Officer of the Global Wealth Management division of Morgan Stanley from 2000 to 2005. Mr. Green was Deputy General Counsel of Annaly from 2009 until March 2017. Total reserves now comprise 5.32% of our acreage in MML loan portfolios as of June 30, 2020. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. There are 11 older and 9 younger executives at Annaly Capital Management Inc. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. . Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. Mr. Hamilton has served as a Director of Larimar Therapeutics, Inc., a clinical-stage biotechnology company focused on developing treatments for rare complex diseases, since May 2020 when Chondrial Therapeutics, Inc. merged with Zafgen, Inc. and the combined company began operating as Larimar. For example, government mandates at all levels have created an even greater dependency on technology while also driving demand and behavior in ways that has made once boring annuity business into growth sectors. Chief Corporate OfficerChief Legal Officer. When expanded it provides a list of search options that will switch the search inputs to match the current selection. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. David Finkelstein - Biography David Finkelstein - Chief . The information shown here is a reporting of information included in the company's proxy statement. As COO, Steve will expand on the work he's been doing as Head of Business Operations and work closely with the executive team to help oversee Annaly's overall operations and risk management functions. The Agency group invests in agency mortgage-backed securities. 2014. He is also a Director of the Friedreichs Ataxia Research Alliance, along with Co-Founder of his own charitable scientific effort, the CureFA Foundation. 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. Kathy Hopinkah Hannan, Ph.D., C.P.A. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. While financial conditions have stabilized, there is still significant uncertainty around the long-term economic picture. Mr has made over 7 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. New deal activity is primarily relegated to more broadly syndicated loans however, the context first lien executions on larger transactions have tightened 75 basis points to 100 basis points over the past quarter, while traditional middle-market has shown less movement in pricing. Additionally, the report incorporates summary ESG metrics for the past three years, which include further details on the composition of Annalys Board of Directors and employees, philanthropy and volunteerism efforts and environmental indicators. While at KPMG, Dr. Hannan also founded the KPMG Womens Advisory Board. in Economics and Political Science from the University of Pennsylvania and a J.D. 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. On the financing side, our weighted average cost of borrowing decreased by roughly 60 basis points to 2.7% driven largely by a reduction in LIBOR given the fed cuts. david finkelstein annaly compensation Financial Highlights. Annaly Capital Management, Inc. Investor Relations 1-888-8Annaly www.annaly.com Release Summary Donnell A. Segalas Concludes his Service as a Member of the Board of Annaly Capital Management, Inc. Aggregate issuance under our OBX shelf has now reached 4.5 billion across 11 transactions since 2018. We believe our focused industry-specific positioning within nondiscretionary defensive and mission-critical names will generate the outperformance for peers that will further differentiate our brand in the sector. Serena Wolfe is Chief Financial Officer of Annaly. So I think we had $25 million of the $277 million in the MSR that started the quarter was actual amortization and derivatives you might say on the ISI would mimic that. 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. Actual events and results may differ materially from these forward-looking statements. Nevertheless, financial conditions have improved considerably. So balance sheet leverage is incredibly inexpensive right now and abundantly available because of the reserves in the system and in the agency space it's more favorable than structural leverage through derivatives. 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. Mr. Finkelstein received a B.A. 2020. David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. Audit CommitteeManagement Development and Compensation CommitteeRisk Committee. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. 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. Prior to that, he worked at AT&T and its finance subsidiary from 1986 to 1999 in various financial management roles. Learn More on David L. Finkelstein's trading history. David Finkelstein - President, CEO & Director. The average price of those shares was I believe $6.30 or meaningfully above that level now. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. I will provide brief financial highlights of the quarter ended June 30, 2020 and while earnings release discloses our GAAP and non-GAAP core results, I will be focusing this morning primarily on our core results and related metrics or excluding PAA. biography. 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. 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. in Accounting from the University of Notre Dame and a M.B.A. from the Harvard Graduate School of Business. This reduced our pay rate as well as shorten the maturity of our swap portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. Yeah I think prepay is kind of an obvious one outside of that. This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. David Finkelstein - Chief Executive Officer & Chief - LinkedIn Turning to earnings, the largest factor quarter-over-quarter to quote an ex-PAA will lower interest expense of $186 million versus $503 million in the prior quarter due to lower average repo rates and balances as well as higher TBA [indiscernible] income of $96 million versus $44 million in the prior quarter, due to higher average balances partially offset by higher expense from the net interest component of interest-rate swaps of $65 million visits $14 million in the prior quarter and higher average balance. Stock Market | FinancialContent Business Page from Loras College. Okay. 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. I wanted to talk a little bit about dividend policy. Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . Coronavirus Tips Working and Protection. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. [Operator instructions] Our first question comes from Eric Hagen with KBW. And finally, the company has performed exceptionally well given the challenges faced from remote work and market uncertainty. Learn More about insider trades at Annaly Capital Management. This point was evidenced the quarter with the improvement in fair value measures and resulting improved book value. Prior to the merger, Mr. Hamilton had served as Chairman of the Board of Chondrial Therapeutics, Inc., a biotechnology company he started to cure a rare neurodegenerative disease called Friedreichs Ataxia, since 2013. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. I think that's probably the best description of what we brought them through the shares. These initiatives are a testament to our focus on driving shareholder value, ensuring that the firm as a whole, our structure as well as our portfolio is positioned to continue outperforming as our second quarter results demonstrate. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following executives on its annual proxy statement to the SEC. Mr. Finkelstein has over 25 years of experience in fixed income investments. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The most recent stock trade was executed by Anthony C Green on 1 February 2023, trading 1,584 units of NLY stock currently worth $32,203. Learn More on David L. Finkelstein's trading history. Any forward-looking statements made during today's call are subject to certain risks and uncertainties including with respect to COVID-19 impacts, which are outlined in the risk factors section in our most recent annual and quarterly SEC filings. 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. Right. 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. There been some signs that the worst of the economic distress may be behind us although the recent surge in cases in some areas of the US demonstrates the fragile nature of the recovery. From 1986 until 1990, he was Managing Director at Aetna Bond Investors where he was responsible for management of insurance company and pension fund portfolios. This information is according to proxy statements filed for the 2021 fiscal year. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital . In the last twelve months, Annaly Capital Management insiders bought shares 1 times. June 30, 2022 . Annaly Capital Management, Inc. Reports 4th Quarter 2022 Results And did you guys say what your book value was through July? David L. Finkelstein C.F.A. ANNALY CAPITAL MANAGEMENT income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The stock was acquired at an average cost of $5.56 per share, with a total value of $1,112,000.00. This report is not for commercial use. This report is not for commercial use. 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. Prior to joining NBCUniversal, Ms. Williams was a Partner with Pay Governance LLC and a Principal with Towers Perrin (now Willis Towers Watson). from the University of Notre Dame and a M.B.A. from the University of Chicago, Booth School of Business. Mr. Votek holds a B.S. And prepay is obviously being the uncertainty and the risk which we I don't think you heard a lot about I'm sure this quarter and I think we managed prepay risk as well as anybody. A reconciliation of GAAP to non-GAAP measures is included in our earnings release. Maurion Davis on LinkedIn: #leader #citibank 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). When I look this morning three month 10-year swaption was up 53 basis points. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. Consequently, we reduced leverage during the quarter from 6.8 times to 6.4 times and made the prudent decision to set our quarterly dividend at $0.22. 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. . Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Prior to Barclays, Mr. Hamilton held various Managing Director roles at Citigroup, Inc. and Salomon Brothers, Inc., where he began his career. Mar 16, 2020. Chief Executive OfficerChief Investment Officer. Below are excerpts from my letter to shareholders, released April 7, 2021. And then our TBA balances roughly unchanged for the quarter and with respect to what we expect for the third quarter is likely to be in the proximity of where we were at for Q2 maybe a touch higher. Management Development and Compensation Committee (Chair)Audit Committee. Learn More on Annaly Capital Management's active insiders. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Thank you, Purvi and good morning, everyone and thanks for joining us on our second quarter earnings call. You may also find the annual proxy statement by going directly to the company's website. 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. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. I suspect that one of the things that influences the outlook is reinvestment risk as the speeds pick up. He began his career in 1979 in the commercial lending program at Philadelphia National Bank. We have entered a more normalized environment with fed action serving as a key driver and spreads have retraced much the widening experienced in March we do remain positive on the sector given ample funding availability at low rates due to rate volatility and a complete reversal of an inferior technical backdrop that characterizes sector at the outset of this year. I didn't in the prepared comments. Okay. GAAP net income improved this quarter as a result of higher GAAP net interest income of $399 million, primarily due to lower interest expense from reduced repo rates and balances and we also experienced lower losses on our core portfolio of $92 million. While our allocation agency may increase modestly, we do continue to evaluate opportunities to deploy capital across our three credit businesses and we are beginning to develop the better lends into how each credit sector is evolving and we expect to shift to a more offensive posture in the coming months as we gain more clarity on the economic and real estate landscape. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. He joined the firm in 2013 and assumed the role of Chief Investment Officer in 2016. June 30, 2022; my septum piercing won't flip up; vegan mochi cake recipe Mr. Campbell currently serves on the Advisory Board for the Fitzgerald Institute of Real Estate at the University of Notre Dame. 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. Book value increased our GAAP net income of $856 million or $0.58 per share, which includes $0.05 related to Cecil and specific reserves and higher other comprehensive income of $721 million or $0.51 per share on improved valuations on agency MBS resulting from lower market rates. Alex Yankus You can see the complete history of Mr Finkelstein stock trades at the bottom of the page. Please go ahead. Liquidity tools have sufficiently supported funding markets and credit facilities have opened channels to credit for businesses, households and local governments, the temporary adjustments to regulations have somewhat encouraged bank lending and most impactful to Annaly's portfolio the asset purchases have supported the smooth functioning of treasury and agency markets. Annaly Capital Management, Inc. Publishes Third Corporate Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. Mr. Campbell previously served as Head of Business Operations of Annaly and has over 25 years of experience in financial services.

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