Mark Gruber - Feb 23, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
CIO
Signature
/s/ Mark Gruber
Stock symbol
ARR
Transactions as of
Feb 23, 2022
Transactions value $
-$9,097
Form type
4
Date filed
2/25/2022, 04:36 PM
Previous filing
Nov 26, 2021
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock Options Exercise $0 +4.05K +5.64% $0.00 75.8K Feb 23, 2022 Direct F1
transaction ARR Common Stock Disposed to Issuer -$9.1K -1.1K -1.45% $8.27 74.7K Feb 23, 2022 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 -4.05K -9.69% $0.00 37.8K Feb 23, 2022 Common Stock 4.05K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 23, 2022, the reporting person elected to convert 2,950 shares out of 4,050 shares of vested phantom stock into 2,950 shares of ARMOUR common stock. The person elected to convert the remaining 1,100 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 4,050 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 November 22, 2017, February 25, 2020, and January 14, 2021; phantom stock vesting over a three-year period, which was reported on a Form 4 report filed by the reporting person on May 27, 2020; and phantom stock vesting over an approximately four-year period, which was reported on a Form 4 filed by the reporting person on August 26, 2020.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.