MOUNTAIN JAMES R 4
4 · Armour Residential REIT, Inc. · Filed Aug 25, 2022
Insider Transaction Report
Form 4
MOUNTAIN JAMES R
Chief Financial Officer
Transactions
- Exercise/Conversion
Phantom Stock
2022-08-23−6,670→ 40,270 total→ Common Stock (6,670 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2022-08-23+6,670→ 73,780 total - Disposition to Issuer
Common Stock, par value $0.001 per share
2022-08-23$7.06/sh−2,670$18,850→ 71,110 total
Footnotes (2)
- [F1]On August 23, 2022, the reporting person elected to convert 4,000 shares of 6,670 vested phantom stock into 4,000 shares of ARMOUR common stock. and to convert the remaining 2,670 shares of vested phantom stock into cash solely to pay income taxes on the vested stock The 6,670 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on a Form 4 filed on November 22, 2017 and January 16, 2022; phantom stock vesting over a two-and-a-half year period, reported on a Form 4 filed on May 19, 2020, and phantom stock vesting over an approximate five-year period, which was reported on a Form 4 filed on January 14, 2021.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.