Gordon Harper - May 15, 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
CFO & Controller
Signature
/s/ Gordon Harper
Stock symbol
ARR
Transactions as of
May 15, 2024
Transactions value $
$0
Form type
4
Date filed
5/16/2024, 04:01 PM
Previous filing
Feb 26, 2024
Next filing
May 23, 2024

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 Award $0 +3.84K +24.52% $0.00 19.5K May 15, 2024 Common Stock 3.84K Direct F1, F2
transaction ARR Phantom Stock Award $0 +2.4K +12.31% $0.00 21.9K May 15, 2024 Common Stock 2.4K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
F2 On May 15, 2024, the reporting person was granted an aggregate of 3,840 phantom shares under ARMOUR Residential REIT, Inc.'s ("ARMOUR") Third Amended and Restated 2009 Stock Incentive Plan (the "Plan") pursuant to the time-based vesting schedule described as follows. 320 phantom shares will vest on each of May 20, August 20, November 20 and February 20, through February 20, 2027, at which time all phantom stock shall have vested. Upon vesting, the reporting person will be entitled to an equal number of shares of ARMOUR common stock within 30 days. Such shares were granted from shares previously granted to and then forfeited by former officers of ARMOUR.
F3 On May 15, 2024, the reporting person was granted an aggregate of 2,400 phantom shares under ARMOUR Residential REIT, Inc.'s ("ARMOUR") the Plan pursuant to the time-based vesting schedule described as follows. 800 phantom shares will vest on each of May 20, 2024, August 20, 2024, and November 20, 2024, at which time all phantom stock shall have vested. Upon vesting, the reporting person will be entitled to an equal number of shares of ARMOUR common stock within 30 days. Such shares were granted from shares previously granted to and then forfeited by former officers of ARMOUR.