Gordon Harper - May 23, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
VP Finance and Controller
Signature
/s/ Gordon Harper
Stock symbol
ARR
Transactions as of
May 23, 2022
Transactions value $
-$5,527
Form type
4
Date filed
5/25/2022, 05:24 PM
Previous filing
Feb 25, 2022
Next filing
Aug 25, 2022

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 +3K +10% $0.00 33K May 23, 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$5.53K -754 -2.28% $7.33 32.3K May 23, 2022 Direct

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 -3K -10.79% $0.00 24.8K May 23, 2022 Common Stock 3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 23, 2022, the reporting person elected to convert 2,246 shares out of 3,000 shares of vested phantom stock into 2,246 shares of ARMOUR common stock. The person elected to convert the remaining 754 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 3,000 shares are part of, and relate to phantom stock vesting over a period of approximately two years, which was reported on a Form 4 filed by the reporting person on January 16, 2020 and phantom stock vesting over a period of approximately five years, which was reported on a Form 4 report filed by the reporting person in January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.