Stewart J. Paperin - Jan 3, 2023 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role: Director
Signature: /s/ Stewart J. Paperin
Stock symbol: ARR
Transactions as of: Jan 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/5/2023, 03:24 PM
Previous filing: Nov 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	Award	$0	+2.93K	+3.89%	$0.00	78.2K	Jan 3, 2023	See Footnote	F1, F2
holding	ARR	Common Stock, par value $0.001 per share						1.04K	Jan 3, 2023	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 3, 2023, the reporting person received 2,930 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 2,930 shares of stock represent the reporting person's election of stock compensation for the past quarter.
F2	Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.

Content

On January 3, 2023, the reporting person received 2,930 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 2,930 shares of stock represent the reporting person's election of stock compensation for the past quarter.

Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.