John P. Hollihan III - 23 Aug 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ John P. Hollihan III
Issuer symbol
ARR
Transactions as of
23 Aug 2022
Net transactions value
-$1,694
Form type
4
Filing time
25 Aug 2022, 16:36:18 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 +600 +1.3% $0.000000 48,206 23 Aug 2022 Direct F1
transaction ARR Common Stock Disposed to Issuer $1,694 -240 -0.5% $7.06 47,966 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 -600 -6.8% $0.000000 8,200 23 Aug 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 360 of the 600 shares of vested phantom stock into 360 shares of ARMOUR common stock and to convert the remaining 240 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 a period of approximately five years, reported on a Form 4 filed January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.