Daniel C. Staton - Jan 3, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Chairman of the Board, Director
Signature
/s/ Daniel C. Staton
Stock symbol
ARR
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 11:18 AM
Previous filing
Nov 26, 2021
Next filing
Feb 25, 2022

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 +4.26K +14.99% $0.00 32.6K Jan 3, 2022 Common Stock, par value $0.001 per share 4.26K See Footnote. F1, F2, F3
* 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 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 his service on ARMOUR's Board of Directors, and to receive such compensation in the form of shares of common stock.
F3 Represents restricted stock units owned indirectly through DM Staton Family Limited Partnership. The reporting person is a general partner and a limited partner of DM Staton Family Limited Partnership. The reporting person has a pecuniary interest in the restricted stock units held by DM Staton Family Limited Partnership.