Annaly Capital Management (NLY) executive compensation, 2026 proxy

David L. Finkelstein, Chief Executive Officer, Co-Chief Investment Officer and Director, was paid $19.3M in 2025, up 8% from $17.8M the year before. The CEO-to-median-employee pay ratio was 64:1, on median employee pay of $300,000.

Filed
April 30, 2026
Annual meeting
June 10, 2026
Pay year
2025
Named executives
4
CEO total pay
$19.3M+8% vs prior year
CEO to median employee
64:1median $300,000
CEO pay in equity
46%$8.8M in awards
Prior say-on-pay support
91%of votes cast
CEO Target Equity %
55%Of total target compensation
NEO Target Equity %
50%Average for other named executives
PSU Share of Equity
60%Increased from 50%
Say-on-Pay Support
91%From 2025 annual meeting

How Finkelstein was paid

$19.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary5%Stock awards46%Non-equity incentive49%All other compensation0%

Named executive officers

ExecutiveTotal
David L. FinkelsteinChief Executive Officer, Co-Chief Investment Officer and Director$19,270,629
Serena WolfeChief Financial Officer$6,140,309
Steven F. CampbellPresident and Chief Operating Officer$7,026,394
Anthony C. GreenFormer Chief Corporate Officer, Chief Legal Officer and Secretary$5,125,087

What changed and why

  • $19.3MDavid L. Finkelstein received total compensation of $19,270,629 for 2025, representing an increase from the prior year.
  • 55%Equity comprises 55% of the chief executive officer total target compensation for the year.
  • 60%Performance stock units were increased to 60% of total executive equity awards.
  • 91%Over 91% of votes cast supported the say-on-pay vote at the previous annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.