Gordon Harper - Feb 21, 2025 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
CFO & Controller
Signature
/s/ Gordon Harper
Stock symbol
ARR
Transactions as of
Feb 21, 2025
Transactions value $
-$5,190
Form type
4
Date filed
2/25/2025, 04:53 PM
Previous filing
Nov 22, 2024
Next filing
Apr 30, 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 +1K +6.51% $0.00 16.4K Feb 21, 2025 Direct F1
transaction ARR Common Stock, par value $0.001 per share Tax liability -$5.19K -274 -1.67% $18.94 16.1K Feb 21, 2025 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 -1K -6.41% $0.00 14.6K Feb 21, 2025 Common Stock 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 February 21, 2025, the reporting person elected to convert 726, of the 1.000 shares of vested phantom stock into 726 shares of ARMOUR common stock. The reporting person elected to convert the remaining 274 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,000 shares are part of, and relate to, 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 which were reported on a Form 4 report filed by the reporting person on May 23, 2024.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.