Gordon Harper - Feb 21, 2023 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
VP Finance and Controller
Signature
/s/ Gordon Harper
Stock symbol
ARR
Transactions as of
Feb 21, 2023
Transactions value $
-$9,019
Form type
4
Date filed
2/23/2023, 03:30 PM
Previous filing
Feb 16, 2023
Next filing
May 25, 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 +4.9K +13.31% $0.00 41.7K Feb 21, 2023 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$9.02K -1.6K -3.84% $5.63 40.1K Feb 21, 2023 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 -4.9K -4.77% $0.00 97.9K Feb 21, 2023 Common Stock 4.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 21, 2023, the reporting person elected to convert 3,298 of the 4,900 shares of vested phantom stock into 3,298 shares of ARMOUR common stock. The reporting Person elected to convert the remaining 1,602 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 4,900 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on a Form 4 filed by the reporting person on January 16, 2020 and phantom stock vesting over a seven--year period which was reported on Form 4s filed by the reporting person on January 14, 2021 and February 14, 2023.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.