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

Role
CIO
Signature
/s/ Mark Gruber
Issuer symbol
ARR
Transactions as of
22 Feb 2024
Net transactions value
-$7,802
Form type
4
Filing time
26 Feb 2024, 16:18:10 UTC
Previous filing
24 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock Options Exercise $0 +1,660 +7.6% $0.000000 23,588 22 Feb 2024 Direct F1
transaction ARR Common Stock Tax liability $7,802 -415 -1.8% $18.80 23,173 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 -1,660 -5.2% $0.000000 30,420 22 Feb 2024 Common Stock 1,660 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 1,245, of the1,660 shares of vested phantom stock into 1,245 shares of ARMOUR common stock. The reporting person elected to convert the remaining 415 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,660 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 June 30, 2020, phantom stock vesting over a six-and-a-half year period, reported on a Form 4 report filed by the reporting person on January 14, 2021 and phantom stock vesting over a seven-and-a-half year period, reported on a Form 4 report filed by the reporting person on February 16, 2023.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.