Gordon Harper - Apr 28, 2025 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role: CFO
Signature: /s/ Gordon Harper
Stock symbol: ARR
Transactions as of: Apr 28, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/30/2025, 06:46 PM
Previous filing: Feb 25, 2025
SEC: View on sec.gov

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	Award	$0	+60K	+410.96%	$0.00	74.6K	Apr 28, 2025	Common Stock	60K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
F2	On April 28, 2025, the reporting person was granted an aggregate of 60,000 phantom shares under ARMOUR Residential REIT, Inc.'s ("ARMOUR") Third Amended and Restated 2009 Stock Incentive Plan (the "Plan") pursuant to the time-based vesting schedule described as follows. 3,000 phantom shares will vest on each of May 20, August 20, November 20 and February 20, through February 20, 2030, at which time all phantom stock shall have vested. Upon vesting, the reporting person will be entitled to an equal number of shares of ARMOUR common stock within 30 days.

Content

Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.

On April 28, 2025, the reporting person was granted an aggregate of 60,000 phantom shares under ARMOUR Residential REIT, Inc.'s ("ARMOUR") Third Amended and Restated 2009 Stock Incentive Plan (the "Plan") pursuant to the time-based vesting schedule described as follows. 3,000 phantom shares will vest on each of May 20, August 20, November 20 and February 20, through February 20, 2030, at which time all phantom stock shall have vested. Upon vesting, the reporting person will be entitled to an equal number of shares of ARMOUR common stock within 30 days.