GRUBER MARK 4
4 · Armour Residential REIT, Inc. · Filed Aug 25, 2022
Insider Transaction Report
Form 4
GRUBER MARK
Chief Operating Officer
Transactions
- Exercise/Conversion
Phantom Stock
2022-08-23−4,050→ 29,650 total→ Common Stock (4,050 underlying) - Exercise/Conversion
Common Stock
2022-08-23+4,050→ 81,939 total - Disposition to Issuer
Common Stock, par value $0.001 per share
2022-08-23−848→ 81,091 total
Footnotes (2)
- [F1]On August 23, 2022, the reporting person elected to convert 4,050 shares of vested phantom stock into 3,202 shares of ARMOUR common stock and to convert the remaining 848 shares of vested phantom stock into cash solely to pay income taxes and the vested stock. The 4,050 shares are part of, and relate to, phantom stock vesting over a five-year period, reported on a Form 4 filed on November 22, 2017, February 25, 2020, and January 14, 2021; phantom stock vesting over a three-year period, reported on a Form 4 filed on May 7, 2020, and phantom stock vesting over an approximately four-year period, reported on a Form 4 filed on August 26, 2020.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.