PAPERIN STEWART J 4
4 · Armour Residential REIT, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Armour (ARR) Director Stewart J. Paperin Receives 945-Share Award
What Happened Stewart J. Paperin, a director of Armour Residential REIT, Inc. (ARR), received 945 shares of Armour common stock on July 1, 2026 as director compensation (transaction code A — award/acquisition). The shares were issued at $17.45 per share, reported with a total value of approximately $16,490.
Key Details
- Transaction date and price: July 1, 2026 — 945 shares at $17.45 per share.
- Reported transaction value: ~$16,490 (footnote indicates the director elected stock in lieu of cash compensation of about $16,500 for the quarter).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — Paperin elected to receive stock as quarterly board compensation; directors may elect up to $16,500 per quarter ($66,000 annually) in stock or cash. F2 — 945 shares are reported as owned indirectly through the Stewart J. Paperin Family Trust; Mr. Paperin has pecuniary interest and investment control over trust-held shares.
- Filing timeliness: Reported July 2, 2026 for a July 1, 2026 transaction (no late filing indicated).
Context This was a routine director compensation election (stock issued in lieu of cash), not an open-market purchase or sale. Such awards reflect compensation choices rather than a direct signal of personal buying or selling intent. The shares are reported as held indirectly through a family trust, which is common for estate and tax planning.
Insider Transaction Report
- Award
Common Stock, par value $0.001 per share
[F1][F2]2026-07-01$17.45/sh+945$16,490→ 12,195 total(indirect: See Footnote)
- 208
Common Stock, par value $0.001 per share
Footnotes (2)
- [F1]On July 1, 2026, the reporting person received 945 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 945 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.