MOUNTAIN JAMES R 4
4 · Armour Residential REIT, Inc. · Filed Nov 25, 2022
Insider Transaction Report
Form 4
MOUNTAIN JAMES R
Chief Financial Officer
Transactions
- Exercise/Conversion
Phantom Stock
2022-11-22−6,670→ 33,600 total→ Common Stock (6,670 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2022-11-22+6,670→ 77,780 total - Disposition to Issuer
Common Stock, par value $0.001 per share
2022-11-22$5.67/sh−2,670$15,139→ 75,110 total
Footnotes (2)
- [F1]On November 22, 2022, the reporting person elected to convert 4,000 of the 6,670 shares of vested phantom stock into 4,000 shares of ARMOUR common stock. The reporting person elected 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 periods, reported on Form 4 filed May 19,2020 and phantom stock vesting over an approximate five-year period, which was reported on a Form 4 filed January 14, 2021.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.