GUBA THOMAS K 4
4 · Armour Residential REIT, Inc. · Filed May 25, 2023
Insider Transaction Report
Form 4
GUBA THOMAS K
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2023-05-23+2,600→ 85,425 total - Exercise/Conversion
Phantom Stock
2023-05-23−2,600→ 42,300 total→ Common Stock (2,600 underlying)
Footnotes (2)
- [F1]On May 23, 2023, the reporting person elected to convert 2,600 out of the 2,600 shares of vested phantom stock into 2,600 shares of ARMOUR common stock. The 2,600 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 14, 2021 and February 14, 2023.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.