Annaly's Chief Legal Officer Anthony Green to retire after 16 years; will serve as Senior Advisor through March 2026

ANNALY CAPITAL MANAGEMENT INC

Anthony Green steps down as Chief Legal Officer, Chief Corporate Officer and Secretary on Jan 1, 2026 and becomes Senior Advisor through March 31, 2026.
Green receives base salary through advisor term and remains eligible for 2025 annual incentives (cash+equity) based on actual performance.
Outstanding equity awards continue vesting with modifications: reduced notice period and elimination of non-compete/non-solicit covenants.
Retirement includes lump-sum cash payment equal to 3 months base salary and COBRA coverage costs through September 30, 2026.

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