Gordon Harper - Nov 20, 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
CFO & Controller
Signature
/s/ Gordon Harper
Stock symbol
ARR
Transactions as of
Nov 20, 2024
Transactions value $
-$11,556
Form type
4
Date filed
11/22/2024, 05:37 PM
Previous filing
Aug 23, 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 +2.1K +15.12% $0.00 16K Nov 20, 2024 Direct F1
transaction ARR Common Stock, par value $0.001 per share Tax liability -$11.6K -627 -3.92% $18.43 15.4K Nov 20, 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 -2.1K -11.86% $0.00 15.6K Nov 20, 2024 Common Stock 2.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 20, 2024, the reporting person elected to convert 1473, of the 2100 shares of vested phantom stock into 1473 shares of ARMOUR common stock. The reporting person elected to convert the remaining 627 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 2100 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, phantom stock vesting over a seven-and-a-half year period, which were reported on a Form 4 report filed by the reporting person on January 14, 2021 and February 16, 2023 and phantom stock vesting over a three year period granted on May 15, 2024, and phantom stock vesting over a six month period granted May 15, 2024.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.