BELL MARC H 4
4 · Armour Residential REIT, Inc. · Filed Nov 25, 2025
Insider Transaction Report
Form 4
BELL MARC H
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2025-11-21+540→ 24,378 total - Exercise/Conversion
Phantom Stock
2025-11-21−540→ 6,650 total→ Common Stock (540 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2025-11-21+500→ 24,878 total - Exercise/Conversion
Phantom Stock
2025-11-21−500→ 6,150 total→ Common Stock (500 underlying)
Footnotes (3)
- [F1]On November 21, 2025, the reporting person elected to convert 540 of the 540 shares of vested phantom stock into 540 shares of ARMOUR common stock. The 540 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 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 21, 2025, 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 14, 2021 and February 14, 2023.
- [F3]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.