Robert C. Hain - 20 Nov 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Robert C. Hain
Issuer symbol
ARR
Transactions as of
20 Nov 2024
Net transactions value
-$4,976
Form type
4
Filing time
22 Nov 2024, 17:40:43 UTC
Previous filing
08 Nov 2024
Next filing
16 Jan 2025
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 +540 +6% $0.000000 9,563 20 Nov 2024 Direct F1
transaction ARR Common Stock, par value $0.001 per share Tax liability $4,976 -270 -2.8% $18.43 9,293 20 Nov 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 -540 -9.2% $0.000000 5,300 20 Nov 2024 Common Stock 540 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 270 of the 540 shares of vested phantom stock into 270 shares of ARMOUR common stock. The reporting person elected to convert the remaining 270 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 540 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.