James R. Mountain - May 23, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Chief Financial Officer
Signature
/s/ James R. Mountain
Stock symbol
ARR
Transactions as of
May 23, 2022
Transactions value $
$0
Form type
4
Date filed
5/25/2022, 05:18 PM
Previous filing
Feb 25, 2022
Next filing
Aug 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +6.67K +10.57% $0.00 69.8K May 23, 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer $0 -2.67K -3.83% $0.00 67.1K May 23, 2022 Direct

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 Phantom Stock Options Exercise $0 -6.67K -12.44% $0.00 46.9K May 23, 2022 Common Stock 6.67K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 23, 2022, the reporting person elected to convert 4,000 shares out of 6,670 shares of vested phantom stock into 4,000 shares of ARMOUR common stock. The 6,670 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on a Form 4 filed by the reporting person on November 22, 2017 and January 16, 2022; phantom stock vesting over a two-and a half year periods, which was reported on a Form 4 filed by the reporting person on May 19, 2020; and phantom stock vesting over an approximately five-year period, which was reported on a Form 4 filed by the reporting person on January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.