Z. Jamie Behar - 03 Jan 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Z. Jamie Behar
Issuer symbol
ARR
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 11:14:13 UTC
Previous filing
26 Nov 2021
Next filing
25 Feb 2022
SEC
View on sec.gov

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 +4,255 +15% $0.000000 32,647 03 Jan 2022 Common Stock, par value $0.001 per share 4,255 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 3, 2022, the reporting person received 4,255 restricted stock units ("RSUs"), entitling the reporting person to 4,255 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.
F2 Each restricted stock unit is the economic equivalent of one share of ARMOUR common stock.