Mark Gruber - 22 Aug 2023 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
CIO
Signature
/s/ Mark Gruber
Issuer symbol
ARR
Transactions as of
22 Aug 2023
Net transactions value
-$8,936
Form type
4
Filing time
24 Aug 2023, 16:26:41 UTC
Previous filing
25 May 2023
Next filing
24 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock Options Exercise $0 +8,300 +8.6% $0.000000 104,981 22 Aug 2023 Direct F1
transaction ARR Common Stock Disposed to Issuer $8,936 -1,930 -1.8% $4.63 103,051 22 Aug 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 -8,300 -4.7% $0.000000 168,700 22 Aug 2023 Common Stock 8,300 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 22, 2023, the reporting person elected to convert 6,370, of the 8,300 shares of vested phantom stock into 6,370 shares of ARMOUR common stock. The reporting person elected to convert the remaining 1,930 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 8,300 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 and June 30, 2020, phantom stock vesting over a six-and-a-half year period, reported on a Form 4 report filed by the reporting person on January 14, 2021 and phantom stock vesting over a seven-and-a-half year period, 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.