Stewart J. Paperin - Jan 2, 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role: Director
Signature: /s/ Stewart J. Paperin
Stock symbol: ARR
Transactions as of: Jan 2, 2024
Transactions value $: $16,499
Form type: 4
Date filed: 1/3/2024, 04:43 PM
Previous filing: Nov 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, par value $0.001 per share	Award	$16.5K	+854	+4.32%	$19.32	20.6K	Jan 2, 2024	See Footnote	F1, F2
holding	ARR	Common Stock, par value $0.001 per share						208	Jan 2, 2024	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 2, 2024, the reporting person received 854 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 854 shares of stock represent the reporting person's election of stock compensation for the past quarter.
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.

Content

On January 2, 2024, the reporting person received 854 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 854 shares of stock represent the reporting person's election of stock compensation for the past quarter.

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.