Robert C. Hain - 22 Aug 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Robert C. Hain
Issuer symbol
ARR
Transactions as of
22 Aug 2024
Net transactions value
-$5,242
Form type
4
Filing time
23 Aug 2024, 16:57:40 UTC
Previous filing
23 May 2024
Next filing
08 Nov 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 +520 +8.3% $0.000000 6,783 22 Aug 2024 Direct F1
transaction ARR Common Stock, par value $0.001 per share Tax liability $5,242 -260 -3.8% $20.16 6,523 22 Aug 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 -520 -8.2% $0.000000 5,840 22 Aug 2024 Common Stock 520 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 22, 2024, the reporting person elected to convert 260 of the 520 shares of vested phantom stock into 260 shares of ARMOUR common stock. The reporting person elected to convert the remaining 260 shares of vested phantom stock into cash solely to pay income taxes on the vested 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 16, 2020, and February 14, 2023.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.