Smriti Laxman Popenoe, Co-CEO and President of Dynex Capital Inc., filed a Form 4 on September 10, 2026, reporting a disposition of common stock on September 8, 2026, related to the vesting of restricted stock units.

Key Highlights

  • Reporting person: Smriti Laxman Popenoe, identified in the filing as Co-CEO and President of Dynex Capital Inc.
  • Transaction: 19,528 shares of common stock disposed of (transaction code F) at $12.89 per share on September 8, 2026.
  • Purpose of disposition: The filing states the shares reflect amounts "withheld upon vesting of restricted stock units to satisfy tax withholding obligations."
  • Beneficial ownership following transaction: 531,098 shares of common stock held directly, which the filing notes includes unvested restricted stock units.
  • Indirect holdings: 4,780 shares held indirectly by spouse and 325 shares held indirectly by son, according to the filing.
  • Signed by: Kathy E. Rhodes, as attorney-in-fact for Smriti L. Popenoe, on September 10, 2026.

Dynex Capital Co-CEO's RSU Vesting and Tax Withholding Details

According to the Form 4 filed with the SEC on September 10, 2026, Smriti Laxman Popenoe, who serves as Co-CEO and President of Dynex Capital Inc. (NYSE:DX), reported a single non-derivative transaction dated September 8, 2026. The transaction code recorded is "F," which the filing's explanation states reflects shares withheld upon the vesting of restricted stock units to satisfy tax withholding obligations. The number of shares disposed of in this manner was 19,528, at a price of $12.89 per share.

Following the reported transaction, the filing discloses that Popenoe directly beneficially owns 531,098 shares of Dynex Capital common stock. The filing notes that this figure includes unvested restricted stock units. In addition to the direct holdings, the filing identifies 4,780 shares held indirectly by Popenoe's spouse and 325 shares held indirectly by her son.

No derivative securities transactions were reported in Table II of the filing. The Form 4 was filed by one reporting person and was signed by Kathy E. Rhodes as attorney-in-fact for Smriti L. Popenoe on September 10, 2026. The date of the earliest transaction reported is September 8, 2026.

What Was Disclosed

The filing reports a disposition of 19,528 common shares at $12.89 per share by Dynex Capital's Co-CEO and President to cover tax withholding on vested restricted stock units, with 531,098 shares remaining in direct beneficial ownership after the transaction.