John P. Hollihan - Feb 21, 2023 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ John P. Hollihan III
Stock symbol
ARR
Transactions as of
Feb 21, 2023
Transactions value $
-$5,855
Form type
4
Date filed
2/23/2023, 03:31 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 Options Exercise $0 +2.6K +5.37% $0.00 51K Feb 21, 2023 Direct F1
transaction ARR Common Stock Disposed to Issuer -$5.86K -1.04K -2.04% $5.63 49.9K 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 -2.6K -5.47% $0.00 44.9K Feb 21, 2023 Common Stock 2.6K 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 20, 2023, the reporting person elected to convert ___ shares out of 2600 shares of vested phantom stock into ___shares of ARMOUR common stock. The person elected to convert the remaining ___ shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 2,600 shares are part of, and relate to, phantom stock vesting over a five-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.