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 | +9.3K | +12.38% | $0.00 | 84.4K | Feb 21, 2023 | Direct | F1 |
transaction | ARR | Common Stock, par value $0.001 per share | Disposed to Issuer | -$20.8K | -3.7K | -4.38% | $5.63 | 80.7K | Feb 21, 2023 | Direct | F1 |
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 | -9.3K | -4.61% | $0.00 | 192K | Feb 21, 2023 | Common Stock | 9.3K | Direct | F1, F2 |
Id | Content |
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F1 | On February 21, 2023, the reporting person elected to convert 5,600 of the 9,300 shares s of vested phantom stock into 5,600 shares of ARMOUR common stock. The reporting person elected to convert the remaining 3,700 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 9,300 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on Form 4 reports filed by the reporting person on January 16, 2020, phantom stock vesting over a six-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on January 14, 2021 and phantom stock vesting over a seven-year period, which was reported on a Form 4 report filed by the reporting person on February 16, 2023. |
F2 | Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock. |