Dynex Capital Appoints Internal Veteran Michael Sartori as New CFO Amidst Smooth Transition

summarizeSummary

Dynex Capital appointed Michael Sartori, its Head of Capital Markets, as the new CFO, succeeding Robert S. Colligan in a mutually agreed and smooth transition.

check_boxKey Events

• New Chief Financial Officer Appointed

  Michael Sartori, previously Head of Capital Markets and FP&A, has been appointed as the new Chief Financial Officer, effective February 26, 2026.

• Outgoing CFO's Departure and Transition

  Robert S. Colligan mutually agreed to step down as CFO and will serve as a Special Advisor until May 1, 2026, to ensure a smooth transition. The departure is not due to any disagreements on financial reporting or practices.

• New CFO's Compensation Package

  Mr. Sartori received equity awards totaling $1.55 million, comprising $350,000 in Restricted Stock Units (RSUs) and $1,200,000 in Performance Stock Units (PSUs), vesting over three years.

• Internal Promotion Signals Continuity

  Mr. Sartori has been with Dynex Capital for over a decade, holding key roles in capital strategy and financial analysis, indicating a strategic internal promotion.

auto_awesomeAnalysis

Dynex Capital, Inc. announced a planned transition in its Chief Financial Officer role, appointing Michael Sartori, a long-time company executive, to succeed Robert S. Colligan. Sartori's extensive background in capital markets and financial planning, cultivated over a decade with the company, positions him well to continue the firm's strategic financial initiatives, including recent successful capital raises. The mutually agreed-upon departure of Mr. Colligan, with no reported disagreements on financial matters and a transition advisory period, suggests a smooth leadership change during a period of strong financial performance for the company.