Mark Gruber - 23 Aug 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
CIO
Signature
/s/ Mark Gruber
Issuer symbol
ARR
Transactions as of
23 Aug 2022
Net transactions value
$0
Form type
4
Filing time
25 Aug 2022, 16:33:33 UTC
Previous filing
25 May 2022
Next filing
25 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock Options Exercise $0 +4,050 +5.2% $0.000000 81,939 23 Aug 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer $0 -848 -1% $0.000000 81,091 23 Aug 2022 Direct F1

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 -4,050 -12% $0.000000 29,650 23 Aug 2022 Common Stock 4,050 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 23, 2022, the reporting person elected to convert 4,050 shares of vested phantom stock into 3,202 shares of ARMOUR common stock and to convert the remaining 848 shares of vested phantom stock into cash solely to pay income taxes and the vested stock. The 4,050 shares are part of, and relate to, phantom stock vesting over a five-year period, reported on a Form 4 filed on November 22, 2017, February 25, 2020, and January 14, 2021; phantom stock vesting over a three-year period, reported on a Form 4 filed on May 7, 2020, and phantom stock vesting over an approximately four-year period, reported on a Form 4 filed on August 26, 2020.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.