david finkelstein annaly compensation david finkelstein annaly compensation

Ms. Williams has over 17 years of compensation and governance experience. The information shown here is a reporting of information included in the company's proxy statement. 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. From 1990 until 1994, he was Senior Vice President of Fixed-Income at Phoenix Home Life Insurance Company. 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. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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. 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. It's been relatively calm. Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. ANNALY CAPITAL MANAGEMENT income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Good morning and welcome to the second quarter 2020 earnings call for Annaly Capital Management. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Mr has made over 7 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. The reason why they appreciate is because there worth it. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Given this dynamic, we increased our TBA position in the quarter and gravitated further down in coupon. Exactly, exactly and we'll see where we end the year but we feel good about where we think it is. 212-333-3810 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. History of Analytic Philosophy. Mr. Finkelstein has 25 years of experience in fixed income investments. David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. So we like to see it flatten a little bit further and we think it should given the posture the fed and when you look at the last set of economic projections, so lift off not likely to occur for the next couple of years, you could see some further flattening in the term curve but we're watching it and we're making incremental steps to term out our repo. Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Wellington J. Denahan co-founded Annaly in 1996 and has served as a Director since that time. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Now core earnings in Q2 were above that dividend and we expect them to be so in Q3. Prior to joining Annaly in December 2019, Ms. Wolfe had served as a Partner at Ernst & Young LLP (E&Y) since 2011. Thank you for attending today's presentation. As of 1 February 2023 he still owns at least 401,561 units of Annaly Capital Management Inc stock. Learn More on Annaly Capital Management's active insiders. Shifting to middle-market lending, activity has also picked up as of late as spreads have tightened and sponsors have refinanced transactions that have exhibited improving underlying leverage profiles. On average, Annaly Capital Management Inc executives and independent directors trade stock every 35 days with the average trade being worth of $908,853. 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. 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. Portfolio construct has been protected against broader sectors that have witnessed demand destruction and we maintain meaningful exposure where pockets of spend remainder resilient. The corporate mailing address for Mr. Finkelstein and other Annaly Capital Management executives is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. But the good news is, if China invades Taiwan, there is a way to protect yourself. Now in terms of amortization of the cost, I'll give you the MSR for example, which mimics the derivates portfolio. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Learn More on David L. Finkelstein's salary. 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. Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Annaly Capital Management, Inc. (NYSE:NLY) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ETCompany Participants. Mr. Green holds a B.A. Thank you. So we're very happy that the market picked up the slack and did a lot of that work. Alex Yankus Thanks. Mr. . 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. The housing market remained strong given long-term positive fundamentals, which we believe will help the ultimate recovery. 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. 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. We delivered an economic return of nearly 15% and achieved core earnings well in excess of our right size dividend. 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. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005206/en/, Annaly Capital Management, Inc. in Economics and Political Science from the University of Pennsylvania and a J.D. However, non-agency lending has been somewhat slow to redevelop as credit standards have tightened relative to pre-pandemic underwriting and mortgage originators tend to focused more on agency originations in light of fewer frictions in a wide primary secondary spread. Mr. Finkelstein was appointed as Chief Executive Officer and elected to serve on the Board of Directors in March 2020. And with that I'll turn the call over to David. 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. was elected to serve as an independent director of Annaly in February 2019. On average, Mr trades about 51,067 units every 152 days since 2016. ANNALY@brunswickgroup.com, Navigate to the << Back to Mr. Haylon received a B.A. Okay. David Finkelstein-- Chief Executive Officer and Chief Investment Officer Yeah. 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. While at KPMG, Dr. Hannan also founded the KPMG Womens Advisory Board. 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. The estimated net worth of David L. Finkelstein is at least $36.42 million as of June 17th, 2022. Kathy Hopinkah Hannan, Ph.D., C.P.A. Mr. Reeves has also served as General Counsel & Secretary of The Duchossois Group, a family-owned holding company comprised of diversified operating companies and DCM, since 2007 and its Chief Administrative Officer since 2017. All participants will be in a listen-only mode. I would like to turn the conference back over to David Finkelstein for any closing remarks. Currently, Dr. Hannan serves on the Board of Directors of Otis Elevator Co., Gingko Bioworks and Carpenter Technology Corporation, is Chairman of the Board of Trustees and a member of the Executive Committee of the Smithsonian National Museum of the American Indian, is a Trustee of the Committee for Economic Development in Washington D.C., and is an active member of Women Corporate Directors. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. [Operator Instructions] After todays presentation, there will be an opportunity to ask questions. from the University of Michigan and J.D. . 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. Annaly Capital Management, Inc. NLY ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. June 30, 2022; my septum piercing won't flip up; vegan mochi cake recipe 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 has over 25 years of experience in fixed income investments. Learn More about insider trades at Annaly Capital Management. We add the incremental dollar role income to core income and then the outcome. 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. So is it fair to say that the repurchase will be part of the flaps in terms of using that excess earnings in the short term? 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. He served as Senior Advisor to Annaly from March 2020 to August 2020 after serving as Interim Chief Executive Officer and President of Annaly from November 2019 to March 2020. 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. The decline in portfolio size is driven by approximately $53 million in loan payoff as well as securities sales. Current positions of David Finkelstein. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mr. Campbell currently serves on the Advisory Board for the Fitzgerald Institute of Real Estate at the University of Notre Dame. Steven F. Campbell is President and Chief Operating Officer of Annaly. When expanded it provides a list of search options that will switch the search inputs to match the current selection. As Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT, David L. Finkelstein made $9,138,764 in total compensation. Most recently he exercised 31,721 units of NLY stock worth $179,224 on 30 June 2022. . In the latest report, the Company included additional disclosures outlining climate-related risks and opportunities across its business in the short-, medium- and long-term horizons following the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Additionally, the content of this conference call may contain time-sensitive information that is accurate only as of the date hereof. Learn More on David L. Finkelstein's contact information. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. When I look this morning three month 10-year swaption was up 53 basis points. This information is according to proxy statements filed for the 2021 fiscal year. Mr. Reeves received his B.A. 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. 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. Mr. Green has over 20 years of experience in corporate and securities law. biography. Learn More about David L. Finkelstein's net worth. 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. 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. And as a consequence of that portfolio, we did see a fair amount of appreciation in those pools in the second quarter as markets stabilize and that is one of the risks I think going forward. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group . David L. Finkelstein is CEO and Chief Investment Officer of Annaly. Biography of David Finkelstein. Annaly Capital Management, Inc. (NYSE:NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020, 09:00 AM ET Company Participants Purvi Kamdar - Head, IR David Finkelstein - CEO & Chief. 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. Great. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. Mr. Green was Deputy General Counsel of Annaly from 2009 until March 2017. Compensation Ownership; David . Wondering if you could just provide a bit more color on your prepared remarks on the potential to increase agency allocation. david finkelstein annaly compensation. You can see the complete history of Mr Finkelstein stock trades at the bottom of the page. From 1997 to 1998, Mr. Schaefer was Managing Director and Head of Strategic Planning and Capital Management at Morgan Stanley. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. Chief Executive OfficerChief Investment Officer. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Aggregate issuance under our OBX shelf has now reached 4.5 billion across 11 transactions since 2018. 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. Mr. Finkelstein received a B.A. David Finkelstein About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form . We have previously discussed our methodology and are thorough and thoughtful approach to Cecil reserves. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Insiders at Annaly Capital Management own 0.3% of the company. Prior to that, he worked at AT&T and its finance subsidiary from 1986 to 1999 in various financial management roles. But when we think about reinvestment into for example, pools where we see the levered returns on agency MBS is in the context of 11% to 12% maybe a little bit higher and so as we look at the dividend right now at 10.5% yield on book value the reinvestment of agency runoff is perfectly consistent with that longer-term more steady-state level assuming rates in this context, but keep in mind we do have this near-term tailwind of specialness and some other factors that are beneficial to the portfolio where were out-earning the dividend this quarter. And as part of our preparation, we've chosen to be conservative with our leverage as well as our dividend. 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. Jun 09, 2022. On a more positive note, multifamily remained strong throughout the quarter. We've isolated around where we ended the quarter and right now as about last night it's up roughly 1%. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the . As David touched on, our economic leverage declined to 6.4 times from 6.8 times quarter-over-quarter, which was mainly due to a decrease in repo balance of $5.4 billion and an increase in our equity-base of $1.1 billion that was partially offset by an increase in TBA contracts of $5.8 million and an increase in net payables for investments purchased of $1.5 billion. There are 11 older and 9 younger executives at Annaly Capital Management Inc. Financial Highlights GAAP net income (loss) of ($1.96) per average common share for the quarter; $3.93 per average common share for the full year 2022 Earnings available for distribution [] The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. Glenn A. Votek was elected to serve as a Director of Annaly in November 2019. 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. Chief Executive Officer, President and Director. Ms. Williams received a B.S. [Operator Instructions] Please note this event is being recorded. MSR has different structural aspects to it that make it very cheap, but nonetheless structural leverage is a little bit inferior right now to balance sheet leverage. At quarter end, we closed our previously announced internalization transaction, which marks a significant step in the series of measures Annaly has implemented as an industry leader from a government standpoint. Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. 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. So first of all with respect to the repositioning, what we experienced in the quarter was initially a pretty insignificant steepening of the curve, which we anticipated I think got to roughly 20 basis points to 25 basis points higher than it was now. David L. Finkelstein is Chief Executive Officer and President of Annaly. So thank you, guys. is the Pres, CEO & Director at Annaly Capital Management Inc. 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. Get notified the next time David L. Finkelstein buys or sells Annaly Capital Management stock. Mr. Votek holds a B.S. 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. 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. June 30, 2022 . John H. Schaefer was elected to serve as an independent director of Annaly in 2013. 2020. Mr. Reeves has served as Managing Director, Head of Private Capital Investments of Duchossois Capital Management (DCM) since 2017. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Data Year: 2021. 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. Mr. David L. Finkelstein C.F.A. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Musk Made a Mess at Twitter. Learn More on David L. Finkelstein's salary. We feel good about where pools are at. On average, Annaly Capital Management Inc executives and independent directors trade stock every 35 days with the average trade being worth of $908,853. Anthony C. Green is Chief Corporate Officer and Chief Legal Officer of Annaly. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion.