Annaly Capital Management Management
Management criteria checks 2/4
Annaly Capital Management's CEO is David Finkelstein, appointed in Mar 2020, has a tenure of 4.17 years. total yearly compensation is $15.33M, comprised of 6.5% salary and 93.5% bonuses, including company stock and options. directly owns 0.063% of the company’s shares, worth $5.96M. The average tenure of the management team and the board of directors is 4.4 years and 4.8 years respectively.
Key information
David Finkelstein
Chief executive officer
US$15.3m
Total compensation
| CEO salary percentage | 6.5% |
| CEO tenure | 4.2yrs |
| CEO ownership | 0.06% |
| Management average tenure | 4.4yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
Annaly: Improved Value Proposition (Rating Upgrade)
Apr 27Annaly: 2022 Replay
Apr 10Annaly Capital: Don't Chase This High Yield mREIT Off The Cliff
Mar 18Annaly Capital: Don't Run After This 14% Yield (Rating Downgrade)
Feb 14Annaly: The Real Spread And Why You Should Buy After The Next Cut
Feb 05Paid 13% To Do Nothing: Annaly
Jan 28Annaly's Current Distribution Is Unlikely To Last: Sell Rating
Jan 21Annaly Capital: Set To Rise From Falling Rates
Jan 02mREIT Insanity And The Fat Yield Of 14%: Annaly Capital (Part 2)
Dec 13Annaly Capital Management: Cautiously Optimistic Over This Near 15% Yielder
Nov 27Annaly Capital Management: This 16.6% Yielding Trust Is A Bargain (Upgrade)
Nov 03Annaly Capital Q3: Crash Is King (Rating Upgrade)
Oct 26I Just Bought Annaly Capital, But Not For The 14.8% Yield
Oct 06Annaly Capital's Sector Comparative Analysis - Part 2 (Includes Q4 2023 + Q1 2024 Dividend Projection)
Sep 28Annaly Capital Management: Risk/Reward Is Improving (Upgrade)
Sep 13How Annaly Capital Management Generates Extra Income
Aug 22Annaly: Wait Until After Jackson Hole
Aug 15Annaly Capital Q2 Earnings Review: Upgrading To Buy On Potential Peak Rates
Jul 27Annaly Capital: Broken Model, Downside Is As Low As 70% Of Tangible Book
Jul 03Annaly Capital: Upgrading To Buy
Jun 13Annaly Capital co-founder Wellington Denahan to retire from board
Feb 22Annaly Upcoming Dividend Cut: Not The First, Won't Be The Last
Feb 14Will Annaly Capital Management Q4 earnings beat for a 13th straight time?
Feb 073 Reasons To Be Bearish On Annaly For 2023
Jan 20My Retirement Is Paid For By Your Home: Annaly Capital
Jan 12Annaly Capital: My Top 2023 Dividend Pick
Dec 29Annaly Capital Management declares $0.88 dividend
Dec 08Annaly Capital: Trail Of Blood
Nov 04Annaly Capital Management declares $0.88 dividend, approves 1-for-4 reverse stock split
Sep 08Annaly Capital: 14% Yield Trap Or Opportunity?
Sep 02Annaly's 13.3% Yield Is A Red Flag
Aug 09Annaly Capital Management stock slips postmarket on 100M share offering
Aug 01Annaly Capital: I'll Love It At $5
Jul 18High Yield At Reduced Risk With Annaly Preferreds
Jul 11Annaly Capital, The Common Or The Preferred?
Jun 30Annaly: Ignore Tangible Book Value Changes At Your Own Peril
May 29Annaly Capital: You Are Overpaying Right Now
May 09Annaly: Mortgage Market Capitulation May Be Around The Corner
May 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$483m |
| Dec 31 2023 | US$15m | US$1m | -US$2b |
| Sep 30 2023 | n/a | n/a | -US$2b |
| Jun 30 2023 | n/a | n/a | -US$2b |
| Mar 31 2023 | n/a | n/a | -US$1b |
| Dec 31 2022 | US$14m | US$1m | US$2b |
| Sep 30 2022 | n/a | n/a | US$3b |
| Jun 30 2022 | n/a | n/a | US$4b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$9m | US$1m | US$2b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$4b |
| Dec 31 2020 | US$13m | US$500k | -US$1b |
Compensation vs Market: David's total compensation ($USD15.33M) is above average for companies of similar size in the US market ($USD8.43M).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
CEO
David Finkelstein (50 yo)
4.2yrs
Tenure
US$15,327,300
Compensation
Mr. David L. Finkelstein, C.F.A. serves as Chief Investment Officer of Annaly Capital Management, Inc. since November 16, 2022. He serves as Chief Executive Officer and Director at Annaly Capital Managemen...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chief Investment Officer & Director | 4.2yrs | US$15.33m | 0.063% $ 6.0m | |
| COO & President | 3.9yrs | US$5.33m | 0.0089% $ 842.1k | |
| Chief Financial Officer | 4.4yrs | US$4.89m | 0.0051% $ 481.3k | |
| Chief Corporate Officer | 7.2yrs | US$4.58m | 0.019% $ 1.8m | |
| Deputy General Counsel & Chief Compliance Officer | no data | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Head of Investment Operations | no data | no data | no data | |
| Deputy Chief Investment Officer & Head of Residential Credit | no data | no data | no data | |
| Chief Risk Officer | 8.3yrs | no data | no data | |
| Head of Corporate Responsibility & Government Relations | 5.7yrs | no data | no data | |
| Head of Mortgage Servicing Rights & Portfolio Analytics | no data | no data | no data | |
| Head of Agency | 1.3yrs | no data | no data |
4.4yrs
Average Tenure
48yo
Average Age
Experienced Management: NLY's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chief Investment Officer & Director | 4.2yrs | US$15.33m | 0.063% $ 6.0m | |
| Independent Chairman of the Board | 15.9yrs | US$397.50k | no data | |
| Independent Director | 11yrs | US$282.50k | 0.0044% $ 414.9k | |
| Independent Director | 4.5yrs | US$285.04k | 0.017% $ 1.7m | |
| Independent Director | 10yrs | US$295.00k | 0.00067% $ 63.6k | |
| Independent Director | 5.3yrs | US$310.00k | 0.0019% $ 181.3k | |
| Independent Director | less than a year | US$185.00k | no data | |
| Independent Director | 5.2yrs | US$296.25k | 0.0065% $ 616.1k | |
| Independent Director | 3.2yrs | US$300.00k | 0.0017% $ 162.3k | |
| Independent Director | 1.2yrs | US$275.00k | no data | |
| Independent Director | 6.3yrs | US$295.00k | no data | |
| Independent Director | less than a year | US$185.00k | no data |
4.8yrs
Average Tenure
54yo
Average Age
Experienced Board: NLY's board of directors are considered experienced (4.8 years average tenure).