MOUNTAIN JAMES R 4
4 · Armour Residential REIT, Inc. · Filed Feb 23, 2023
Insider Transaction Report
Form 4
MOUNTAIN JAMES R
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2023-02-21+9,300→ 84,410 total - Disposition to Issuer
Common Stock, par value $0.001 per share
2023-02-21$5.63/sh−3,700$20,831→ 80,710 total - Exercise/Conversion
Phantom Stock
2023-02-21−9,300→ 192,300 total→ Common Stock (9,300 underlying)
Footnotes (2)
- [F1]On February 21, 2023, the reporting person elected to convert 5,600 of the 9,300 shares s of vested phantom stock into 5,600 shares of ARMOUR common stock. The reporting person elected to convert the remaining 3,700 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 9,300 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on Form 4 reports filed by the reporting person on January 16, 2020, phantom stock vesting over a six-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on January 14, 2021 and phantom stock vesting over a seven-year period, which was reported on a Form 4 report filed by the reporting person on February 16, 2023.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.