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

Role
Director
Signature
/s/ John P. Hollihan
Stock symbol
ARR
Transactions as of
Nov 21, 2023
Transactions value $
-$3,761
Form type
4
Date filed
11/24/2023, 04:17 PM
Previous filing
Aug 24, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock Options Exercise $0 +540 +5.09% $0.00 11.2K Nov 21, 2023 Direct F1, F2
transaction ARR Common Stock Disposed to Issuer -$3.76K -216 -1.94% $17.41 10.9K Nov 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 -540 -6.8% $0.00 7.4K Nov 21, 2023 Common Stock 540 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 21, 2023, the reporting person elected to convert 324 of the 540 shares of vested phantom stock into 324 shares of ARMOUR common stock. The reporting person elected to convert the remaining 216 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 540 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 February 14, 2023.
F2 Total reflects a 1 for 5 reverse stock split that occurred on September 29, 2023.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.