James R. Mountain - Nov 22, 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
Nov 22, 2022
Transactions value $
-$15,139
Form type
4
Date filed
11/25/2022, 04:58 PM
Previous filing
Aug 25, 2022
Next filing
Feb 16, 2023

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 +9.38% $0.00 77.8K Nov 22, 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$15.1K -2.67K -3.43% $5.67 75.1K Nov 22, 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 -6.67K -16.56% $0.00 33.6K Nov 22, 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 November 22, 2022, the reporting person elected to convert 4,000 of the 6,670 shares of vested phantom stock into 4,000 shares of ARMOUR common stock. The reporting person elected to convert the remaining 2,670 shares of vested phantom stock into cash solely to pay income taxes on the vested 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 on November 22,2017 and January 16, 2022; phantom stock vesting over a two-and-a-half year periods, reported on Form 4 filed May 19,2020 and phantom stock vesting over an approximate five-year period, which was 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.