PAPERIN STEWART J 4

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.