Jeffrey J. Zimmer - Feb 22, 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Co-CEO and President, Director
Signature
/s/ Jeffrey J. Zimmer
Stock symbol
ARR
Transactions as of
Feb 22, 2024
Transactions value $
-$32,938
Form type
4
Date filed
2/26/2024, 04:01 PM
Previous filing
Nov 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock Options Exercise $0 +4.38K +8.9% $0.00 53.6K Feb 22, 2024 Direct F1
transaction ARR Common Stock Tax liability -$32.9K -1.75K -3.27% $18.80 51.8K Feb 22, 2024 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 -4.38K -6.14% $0.00 66.9K Feb 22, 2024 Common Stock 4.38K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2024, the reporting person elected to convert 2,628 of the 4,380 shares of vested phantom stock into 2,628 shares of ARMOUR common stock. The reporting person elected to convert the remaining 1,752 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 4,380 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 six-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on January 14, 2021 and phantom stock vesting over a seven-year period, which was reported on a Form 4 report filed by the reporting person on February16, 2023.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.