Daniel C. Staton - May 22, 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Chairman of the Board, Director
Signature
/s/ Daniel C. Staton
Stock symbol
ARR
Transactions as of
May 22, 2024
Transactions value $
$0
Form type
4
Date filed
5/23/2024, 04:44 PM
Previous filing
Apr 3, 2024
Next filing
Jul 5, 2024

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 +700 +5.99% $0.00 12.4K May 22, 2024 See Footnote. F1, F2
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +480 +3.88% $0.00 12.9K May 22, 2024 See Footnote. F2, F3

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 -700 -5.08% $0.00 13.1K May 22, 2024 Common Stock 700 Direct F1, F4
transaction ARR Phantom Stock Options Exercise $0 -480 -3.67% $0.00 12.6K May 22, 2024 Common Stock 480 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 22, 2024, the reporting person elected to convert 700 of the 700 shares of vested phantom stock into 700 shares of ARMOUR common stock. The 700 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, January 14, 2021 and February 14, 2023.
F2 Represents shares owned indirectly through DM Staton Family Limited Partnership. The reporting person is a general partner and a limited partner of DM Staton Family Limited Partnership. The reporting person has a pecuniary interest in the shares held by DM Staton Family Limited Partnership.
F3 On May 22, 2024, the reporting person elected to convert 480 of the 480 shares of vested phantom stock into 480 shares of ARMOUR common stock. The 480 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 February 14, 2023 and 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.
F4 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.