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

Role
Director
Signature
/s/ Stewart J. Paperin
Issuer symbol
ARR
Transactions as of
22 Feb 2024
Net transactions value
$0
Form type
4
Filing time
26 Feb 2024, 16:08:23 UTC
Previous filing
03 Jan 2024
Next filing
02 Apr 2024
SEC
View on sec.gov

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 $0 +520 +2.5% $0.000000 21,142 22 Feb 2024 See Footnote F1, F2
holding ARR Common Stock, par value $0.001 per share 208 22 Feb 2024 Direct

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 -520 -7% $0.000000 6,880 22 Feb 2024 Common Stock 520 Direct F1, F3
* 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 520 out of the 520 shares of vested phantom stock into 520 shares of ARMOUR common stock. The 520 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 14, 2021 and February 14, 2023.
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.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.