Z. Jamie Behar - Oct 1, 2021 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role: Director
Signature: /s/ Z. Jamie Behar
Stock symbol: ARR
Transactions as of: Oct 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/5/2021, 09:23 AM
Previous filing: Aug 26, 2021
Next filing: Nov 26, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ARR	Restricted Stock Units	Award	$0	+3.87K	+15.79%	$0.00	28.4K	Oct 1, 2021	Common Stock, par value $0.001 per share	3.87K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit is the economic equivalent of one share of ARMOUR common stock.
F2	On October 1, 2021, the reporting person received 3,872 restricted stock units ("RSUs"), entitling the reporting person to 3,872 shares of common stock upon a separation of service, including retirement, or upon the reporting person's death or disability or a change of control of ARMOUR if earlier than the reporting person's separation of service. The RSUs represent the reporting person's election to defer receipt of the quarterly compensation that the reporting person would otherwise have been paid for her service on ARMOUR's Board of Directors, and to receive such compensation in the form of shares of common stock.

Content

Each restricted stock unit is the economic equivalent of one share of ARMOUR common stock.

On October 1, 2021, the reporting person received 3,872 restricted stock units ("RSUs"), entitling the reporting person to 3,872 shares of common stock upon a separation of service, including retirement, or upon the reporting person's death or disability or a change of control of ARMOUR if earlier than the reporting person's separation of service. The RSUs represent the reporting person's election to defer receipt of the quarterly compensation that the reporting person would otherwise have been paid for her service on ARMOUR's Board of Directors, and to receive such compensation in the form of shares of common stock.