MARC H. BELL - 22 Feb 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Marc H. Bell
Issuer symbol
ARR
Transactions as of
22 Feb 2024
Transactions value $
$0
Form type
4
Filing time
26 Feb 2024, 16:06:57 UTC
Previous filing
23 Jan 2024
Next filing
23 May 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 +700 +4.35% $0.000000 16,778 22 Feb 2024 Direct F1
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +480 +2.86% $0.000000 17,258 22 Feb 2024 Direct F2

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 -4.68% $0.000000 14,250 22 Feb 2024 Common Stock 700 Direct F1, F3
transaction ARR Phantom Stock Options Exercise $0 -480 -3.37% $0.000000 13,770 22 Feb 2024 Common Stock 480 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 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, 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.
F2 On February 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, January 14, 2021 and February 14, 2023.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.