Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 168

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 168
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 stockholders$41,619 $37,916 Dividends declared per share of series G preferred stock (2)$2.448 $2.230 Dividends declared to series I preferred stockholders$38,045 $29,868 Dividends declared per share of series I preferred stock (2)$2.149 $1.688 (1) For the year ended December 31, 2024, 100% of common stock dividend distributions of $2.60 per share declared in calendar year 2024 were taxable as ordinary income. For the year ended December 31, 2023, 100% of common stock dividend distributions of $2.83 per share paid in calendar year 2023 and $0.65 per share paid on January 31, 2024 were taxable as ordinary income.(2) For the years ended December 31, 2024 and 2023, 100% of the preferred stock dividend distributions per share were taxable as ordinary income.

15.  LONG-TERM STOCK INCENTIVE PLANEmployees, Directors and other service providers of the Company are eligible to participate in the Company’s 2020 Equity Incentive Plan (the “Plan”), which provides for equity-based compensation in the form of stock options, share appreciation rights, dividend equivalent rights, restricted shares, restricted stock units (“RSUs”), and other share-based awards. The Company has the ability to award up to an aggregate of 31,250,000 shares under the terms of the Plan, subject to adjustment for any awards that were outstanding under the Company’s 2010 Equity Incentive Plan (the “Prior Plan”, collectively the “Plans”) on the effective date of the Plan and subsequently expire, terminate, or are surrendered or forfeited. No new awards are permitted to be made under the Prior Plan, although existing awards remain effective. Restricted Stock UnitsThe Company grants RSUs (including RSUs subject to performance conditions (“PSUs”)) to employees, which are generally valued based on the closing price of the underlying shares on the date of grant. For RSUs that vest, the underlying shares of common stock are delivered (net of required withholding tax) as outlined in the applicable award agreements. PSUs are subject to the Company’s achievement of specified performance criteria and the number of awards that vest can range from zero to 150% of the grant amount. Award agreements generally provide that vesting is accelerated in certain circumstances, such as death