PAPERIN STEWART J 4
4 · Armour Residential REIT, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Armour Residential (ARR) Director Stewart Paperin Receives 989 Shares
What Happened Stewart J. Paperin, a director of Armour Residential REIT, received 989 shares of Armour common stock on April 1, 2026 as an award/compensation election. The shares were issued at $16.68 per share for a total value of $16,497. This was a grant/award (transaction code A) — a compensation election, not an open‑market purchase or sale.
Key Details
- Transaction date and price: April 1, 2026; 989 shares at $16.68 each.
- Total value: approximately $16,497.
- Shares owned after transaction: not specified in the filing.
- Footnotes: (1) The 989 shares represent Mr. Paperin’s election to receive $16,500 of his quarterly board compensation in common stock (directors may elect stock, cash, or a mix). (2) Some shares are owned indirectly through the Stewart J. Paperin Family Trust; Mr. Paperin has pecuniary interest and investment control over those trust-held shares.
- Filing timeliness: Form 4 was filed April 3, 2026 (two days after the April 1 transaction); the filing does not indicate a late report.
Context This transaction reflects routine director compensation paid in stock per Armour’s director election policy. Such awards are common and represent compensation choices rather than direct signals of the director’s market view.
Insider Transaction Report
- Award
Common Stock, par value $0.001 per share
[F1][F2]2026-04-01$16.68/sh+989$16,497→ 9,350 total(indirect: See Footnote)
- 208
Common Stock, par value $0.001 per share
Footnotes (2)
- [F1]On April 1, 2026, the reporting person received 989 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 989 shares of stock represent the reporting person's election of stock compensation for the past quarter.
- [F2]Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.