MARC H. BELL - 20 Nov 2024 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Marc H. Bell
Issuer symbol
ARR
Transactions as of
20 Nov 2024
Net transactions value
$0
Form type
4
Filing time
22 Nov 2024, 17:40:01 UTC
Previous filing
30 Oct 2024
Next filing
25 Feb 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 +720 +3.7% $0.000000 20,338 20 Nov 2024 Direct F1
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +500 +2.5% $0.000000 20,838 20 Nov 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 -720 -6.3% $0.000000 10,690 20 Nov 2024 Common Stock 720 Direct F1, F3
transaction ARR Phantom Stock Options Exercise $0 -500 -4.7% $0.000000 10,190 20 Nov 2024 Common Stock 500 Direct F2, F3
* 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 720 of the 720 shares of vested phantom stock into 720 shares of ARMOUR common stock. The 720 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 November 20, 2024, the reporting person elected to convert 500 of the 500 shares of vested phantom stock into 500 shares of ARMOUR common stock. The 500 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.