Stewart J. Paperin - Feb 21, 2023 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Stewart J. Paperin
Stock symbol
ARR
Transactions as of
Feb 21, 2023
Transactions value $
$0
Form type
4
Date filed
2/23/2023, 03:36 PM
Previous filing
Feb 16, 2023
Next filing
Apr 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 +2.6K +3.32% $0.00 80.8K Feb 21, 2023 See Footnote F1, F2
holding ARR Common Stock, par value $0.001 per share 1.04K Feb 21, 2023 Direct

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, F3
* 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 2600 shares out of 2600 shares of vested phantom stock into 2,600 shares of ARMOUR common 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 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.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.