James R. Mountain - May 23, 2023 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Chief Financial Officer
Signature
/s/ James R. Mountain
Stock symbol
ARR
Transactions as of
May 23, 2023
Transactions value $
-$17,834
Form type
4
Date filed
5/25/2023, 05:14 PM
Previous filing
Feb 23, 2023
Next filing
Aug 24, 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 +9.3K +11.52% $0.00 90K May 23, 2023 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$17.8K -3.7K -4.11% $4.82 86.3K May 23, 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 -9.3K -4.84% $0.00 183K May 23, 2023 Common Stock 9.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 23, 2023, the reporting person elected to convert 5,600, of the 9,300 shares 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 seven-and-a-half year period, which were reported on a Form 4 report filed by the reporting person on January 14, 2021 and February 16, 2023.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.