GRUBER MARK 4
4 · Armour Residential REIT, Inc. · Filed Nov 25, 2022
Insider Transaction Report
Form 4
GRUBER MARK
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2022-11-22$5.67/sh−795$4,508→ 84,346 total - Exercise/Conversion
Common Stock
2022-11-22+4,050→ 85,141 total - Exercise/Conversion
Phantom Stock
2022-11-22−4,050→ 25,600 total→ Common Stock (4,050 underlying)
Footnotes (2)
- [F1]On November 22, 2022, the reporting person elected to convert 3,255 of the 4,050 shares of vested phantom stock into 3,255 shares of ARMOUR common stock. The reporting person elected to convert the remaining 795 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 4,050 shares are part of, and relate to, phantom stock vesting 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 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.