david finkelstein annaly compensation

Mr. Green has over 20 years of experience in corporate and securities law. . pictures of the galvin family; springfield, ma city council candidates; david finkelstein annaly compensation The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. So it's not an apples-to-apples comparison. 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. Annaly provides supplemental disclosures under the Sustainability Accounting Standards Board (SASB) standards and the Global Reporting Initiative (GRI) standards frameworks. Ms. Williams previously served as Senior Vice President, Compensation, Benefits and HRIS at NBCUniversal beginning in 2011. 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. Annaly Capital Management, Inc. Announces Executive Management From September 2010 to December 2011, Mr. Haylon served as Head of Investment Product Management at General Re New England Asset Management. Learn More on David L. Finkelstein's salary. We can't say how long that will persist for, but we do think about this for much more than just the quarter or two where we do have the specialist and we're trying to get the appropriate level where we know it's sustainable and that's how we feel about it and if we continue to out-earn it that's perfectly okay because we're given the shareholder a 10.5% dividend yield on their book value. Sean Kensil - Vice President, Investor Relations. Mr. Finkelstein also holds the Chartered Financial Analyst designation. David Finkelstein - Biography The information shown here is a reporting of information included in the company's proxy statement. It's all dependent Rick on the attractiveness of the repurchase option relative to other options in our capital allocation policy. He is also a Director of the Friedreichs Ataxia Research Alliance, along with Co-Founder of his own charitable scientific effort, the CureFA Foundation. Great. Annaly Capital Management, Inc. Publishes Third Corporate Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Michael Haylon was elected to serve as an independent director of Annaly in 2008. . Previously, he was Chief Financial Officer of Annaly from August 2013 to December 2019. ANNALY CAPITAL MANAGEMENT Executive Salaries & Other Compensation As of 1 February 2023 he still owns at least 401,561 units of Annaly Capital Management Inc stock. Management Development and Compensation Committee (Chair)Audit Committee. Mr. Finkelstein has 25 years of experience in fixed income investments. 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 Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT, David L. Finkelstein made $9,138,764 in total compensation. Nevertheless, financial conditions have improved considerably. From 2013 until September 2020, Mr. Hamilton also served as Con Forms President and Chief Executive Officer. 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. Securitization market started to show signs of life in mid-May and we issued nearly $500 million of expanded prime securities earlier this month, subsequent to quarter end. 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. David Finkelstein - Biography - MarketScreener.com The housing market remained strong given long-term positive fundamentals, which we believe will help the ultimate recovery. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Annaly Capital Management, Inc. (NLY) CEO David Finkelstein on Q2 2020 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: . See David L Finkelstein's compensation, career history, education, & memberships. Mar 16, 2020. Learn More about insider trades at Annaly Capital Management. Please go ahead. In addition to her roles at KPMG, as a Native American Indian and member of the Ho-Chunk Nation Tribe, Dr. Hannan served on President George W. Bushs National Advisory Council on Indian Education. There are no executives at Annaly Capital Management Inc getting paid more. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. 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. 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. Mr. Finkelstein has over 25 years of experience in fixed income investments. 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. None of Annaly's achievements would have been possible without . Annaly intends to use our webpage as a means of disclosing material non-public information for complying with the company's disclosure obligations under Regulation FD and to post and update investor presentations and some more materials on a regular basis. There was a depreciation in the amount on the balance sheet of MSR, half of which was amortization and the other half of which was the multiple compression. Learn More on Annaly Capital Management's active insiders. Mr. Finkelstein has over 25 years of experience in fixed income investments. 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. 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. When I look this morning three month 10-year swaption was up 53 basis points. Things do look I think positive generally, but just wondering how you guys think about downside risk from here? I wanted to talk a little bit about dividend policy. David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. from the University of Notre Dame and a M.B.A. from the University of Chicago, Booth School of Business. David Finkelstein - Chief Executive Officer & Chief - LinkedIn Thorough reviews have been conducted to assure this data accurately reflects disclosures. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Wallmine is a radically better financial terminal. Last updated: 2 February 2023 at 6:03pm EST. David L. Finkelstein C.F.A. Enter your email address below to get our daily insider buying and selling report. Is this happening to you frequently? David L. Finkelstein C.F.A. Net Worth (2023) | wallmine 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. Since 2011, Ms. Bovich has been a trustee of The Bradley Trusts. Mr. Reeves was formerly a law partner of McDermott, Will & Emery and a corporate attorney at Jones Day. Thanks David. Annaly Capital Management, Inc. Publishes Third Corporate Volatility is low and the fed is specifically directing volatility lower and they also happen to be a huge tailwind in terms of purchases of agency MBS, so the technicals are very favorable and to your point, it does appear to be a very good backdrop for the foreseeable future for agency. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. History of Analytic Philosophy. Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. Will His AI Plans Be Any Different? Investor Relations 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. Mr. Green has served as Chief Corporate Officer since January 2019 and Chief Legal Officer since March 2017. ANNALY@brunswickgroup.com, Navigate to the << Back to Yeah that's great. 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. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Given this dynamic, we increased our TBA position in the quarter and gravitated further down in coupon. Mr. Finkelstein received a B.A. Biography of David Finkelstein. company's disclosure obligations under Regulation FD and to post and update investor presentations and some more materials on a regular basis. Right. Is this special mix reflected in both the asset yield and the cost of funds and then how big is your TBA balance now versus the end of June? 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. 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. Annaly Capital Management, Inc. Names David L. Finkelstein Chief Sorry, I think we're thinking about it a little differently, but yeah that's correct. David Finkelstein-- Chief Executive Officer and Chief Investment Officer Yeah. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. The charts on this page feature a breakdown of the total annual pay for the top executives at ANNALY CAPITAL MANAGEMENT as reported in their proxy statements. Mr. Finkelstein is a member of the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York as well as a member of the Financial Sector Advisory Council of the Federal Reserve Bank of Dallas. 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. The Mortgage Servicing Rights group provides the right to service residential mortgage loans in exchange for a portion of the interest payments made on the loans. 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. 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 am pleased to share all that we have accomplished in 2021, including enhancing the Companys executive compensation program, expanding our parental leave and fertility benefits and providing additional climate-related disclosures. From 1995 until 2002, he held the position of Executive Vice President of Phoenix Investment Partners, Ltd., a NYSE-listed company, and President of Phoenix Investment Counsel, where he was responsible for the management and oversight of $25 billion in closed-end and open-end mutual funds, corporate pension funds and insurance company portfolios. The economic slowdown brought on by the pandemic has obviously created considerable uncertainty and this is different kind of recession than that which we've experienced in the past, given the unprecedented speed and magnitude of the downturn. At the time we started quarter with a swap portfolio of about nine odd years I believe, now given how long that portfolio is in duration as we mentioned last quarter provides multiples of interest rate protection relative to the assets, which are much shorter in duration. 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. How much did David L. Finkelstein make as Chief Executive Officer, President and Director of ANNALY CAPITAL MANAGEMENT in 2021 in Economics from Connecticut College and an M.B.A. in Finance from New York University. And finally, the company has performed exceptionally well given the challenges faced from remote work and market uncertainty. investor@annaly.com, Brunswick Group Our next question comes from Kenneth Lee with RBC Capital Markets. . Annaly Capital Management, Inc. Reports 4th Quarter 2022 Results Data Year: 2021. Mr. Campbell previously served as Head of Business Operations of Annaly and has over 25 years of experience in financial services. We delivered an economic return of nearly 15% and achieved core earnings well in excess of our right size dividend. 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. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Annaly Capital Management, Inc. Publishes Third Corporate 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. A lot of that is driven by the tailwind from the fed and specialism and TBAs where our role income doubled over the quarter and it is currently existent today and if we look at past episodes it [indiscernible] persisted for some time. ANNALY CAPITAL MANAGEMENT Compensation by Company. 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. There are no executives at Annaly Capital Management Inc getting paid more. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Thanks for joining us today and we'll talk to you soon. Ilker . Mr. Reeves received his B.A. And did you guys say what your book value was through July? In terms of how it's actually reflected in the yield it's not. 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. Musk Made a Mess at Twitter. 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. And actually as you're answering that question, I'm realizing there's another element to that, which is that some of that additional that excess earnings is coming back to you shareholders in the form of the repurchases at a discount as well. 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. 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. Please. But the good news is, if China invades Taiwan, there is a way to protect yourself. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mr. . Our goal has been to maintain optimal liquidity thresholds and to manage the portfolio within conservative risk parameters to produce the highest level of quality earnings in this market environment. Learn More on David L. Finkelstein's trading history. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (the "Company" or "Annaly") today announced management promotions within its senior executive team, which are effective immediately. The average price of those shares was I believe $6.30 or meaningfully above that level now. Independent ChairAudit CommitteeNCG CommitteeRisk Committee. Mr. Finkelstein owns 1,669,013 shares of Annaly Capital Management stock worth more than $36,417,864 as of February 13th. Annaly Capital Management, Inc. Publishes Second Corporate We add the incremental dollar role income to core income and then the outcome. Below are excerpts from my letter to shareholders, released April 7, 2021. I know you mentioned in some of the tail risks and just any more additional comments on the hedge positioning will be great thanks. Please go ahead. 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. biography. 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). Okay. While our portfolio speech did experience an increase on the quarter, prepays on our overall portfolio were notably lower than the GSE universe, which paid roughly eight CPR faster despite the higher average coupon of our portfolio relative to the universe. Mr. Finkelstein owns 1,669,013 shares of Annaly Capital Management stock worth more than $33,931,034 as of March 4th. But nonetheless it's a more balanced hedge profile now with a slight steepening bias and we took advantage of near zero rates at the front end of the curve, which we think has very limited downside potential in terms of those hedges losing money because it's not our view that we end up in a negative rate scenarios negative policy rate scenario that is. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. 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. Chief Executive Officer, President and Director. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The portfolio generated 188 points of NIM up Q1 of 118 basis points, driven primarily by the decrease in cost on funds that I mentioned a moment ago. Biography of David Finkelstein. David L. Finkelstein has not been actively trading shares of Annaly Capital Management within the last three months. David Finkelstein interviewed on WBEZ's "Odyssey" Recent Courses PHIL 50212 Late Wittgenstein: The Absolute Basics for The Confused, Skeptical, and Ignorant (IV) David Finkelstein. Most recently he exercised 6,186 units of NLY stock worth $125,761 on 1 February 2023. Additional information on the Company can be found at www.annaly.com. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. During this call, we may present both GAAP and non-GAAP financial measures. Mr. Finkelstein is a member of the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York. David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. If you have an ad-blocker enabled you may be blocked from proceeding. Also as David mentioned, our internalization transaction closed at the end of the quarter and we anticipate generating cost savings over the long time as we embark on being an internally managed company. Today I'd like to highlight a number of current corporate initiatives, provide an update on the market and discuss portfolio activity across our core business during the quarter and finally provide our outlook for the balance of the year and then I'll hand it off to Serena to discuss the financials. 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. David L. Finkelstein C.F.A. Net Worth (2022) | wallmine GB Just one [indiscernible] quarter, really favorable backdrop funding cost attractive, specialist TV end market. Thorough reviews have been conducted to assure this data accurately reflects disclosures. June 30, 2022 . Does that answer your question? 96% of the portfolio is in specified pools and we built that portfolio we'll over a number of years and we use the opportunity in March to reduce the pool holdings that we didn't find as attractive and what we're left with is a portfolio that is very high quality. Dr. Hannan has over 30 years of industry experience and held numerous leadership roles during her distinguished career with KPMG. 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. And with that I'll turn the call over to David. 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. Click Here for Your Free Ultimate Dividend Package. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Financial Highlights. Mr. Haylon received a B.A. Mr. Votek has over 30 years of experience in financial services. 2015. Nov 07, 2016. 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. Learn More on David L. Finkelstein's contact information. Prior to joining Annaly in December 2019, Ms. Wolfe had served as a Partner at Ernst & Young LLP (E&Y) since 2011. 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. As a reminder, Annaly routinely posts important information for investors on the company's website at www.annaly.com. I was wondering if you could talk a little bit more about the thought process around the hedge repositioning in the quarter, adding more hedges on the short end of the curve and then I guess should we expect more options hedging going forward. Mr. Haylon has previously served on the boards of Aberdeen Asset Management and Phoenix Investment Partners. [Operator Instructions] Please note this event is being recorded. Prior to joining Annaly in 2013, Mr. Votek was an Executive Vice President and Treasurer at CIT Group since 1999 and also President of Consumer Finance since 2012. Please go ahead. We were certainly careful to take prudent steps during the early phase of the market recovery to ensure we are well positioned to capitalize on the opportunities that are sure to arise. Chief Executive OfficerChief Investment Officer. 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. from the University of Michigan and J.D. 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.

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