Gordon Harper - 22 Feb 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
VP Finance and Controller
Signature
/s/ Gordon Harper
Issuer symbol
ARR
Transactions as of
22 Feb 2024
Net transactions value
-$5,057
Form type
4
Filing time
26 Feb 2024, 16:17:00 UTC
Previous filing
24 Nov 2023
Next filing
16 May 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 Options Exercise $0 +980 +9.6% $0.000000 11,230 22 Feb 2024 Direct F1
transaction ARR Common Stock, par value $0.001 per share Tax liability $5,057 -269 -2.4% $18.80 10,961 22 Feb 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 -980 -5.9% $0.000000 15,660 22 Feb 2024 Common Stock 980 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 711, of the 980 shares of vested phantom stock into 711 shares of ARMOUR common stock. The reporting person elected to convert the remaining 269 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 980 shares are part of, and relate to, phantom stock vesting over five-year periods, which was
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.