Robert C. Hain - Aug 23, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Robert C. Hain
Stock symbol
ARR
Transactions as of
Aug 23, 2022
Transactions value $
-$2,118
Form type
4
Date filed
8/25/2022, 04:34 PM
Previous filing
May 25, 2022
Next filing
Nov 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 Award $0 +600 +2.63% $0.00 23.4K Aug 23, 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$2.12K -300 -1.28% $7.06 23.1K Aug 23, 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 -600 -6.82% $0.00 8.2K Aug 23, 2022 Common Stock 600 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 300 shares of the 600 shares of vested phantom stock into 300 shares of ARMOUR common stock and to convert the remaining 300 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 600 shares are part of, and relate to, phantom stock vesting over an approximate five year period, which was reported on a Form 4 filed on January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.