Carolyn Downey - Nov 22, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Carolyn Downey
Stock symbol
ARR
Transactions as of
Nov 22, 2022
Transactions value $
-$1,985
Form type
4
Date filed
11/25/2022, 05:01 PM
Previous filing
Oct 4, 2022
Next filing
Jan 5, 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 +700 +1.23% $0.00 57.6K Nov 22, 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$1.98K -350 -0.61% $5.67 57.3K 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 -700 -8.54% $0.00 7.5K Nov 22, 2022 Common Stock 700 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 350 of the 700 shares of vested phantom stock into 350 shares of ARMOUR common stock. The reporting person elected to convert the remaining 350 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 700 shares are part of, and relate to, phantom stock vesting over an approximate five-year periods, which was reported on Form 4 report filed by the reporting person on January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one shares of ARMOUR common stock.