MOUNTAIN JAMES R 4
4 · Armour Residential REIT, Inc. · Filed May 25, 2023
Insider Transaction Report
Form 4
MOUNTAIN JAMES R
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2023-05-23+9,300→ 90,010 total - Exercise/Conversion
Phantom Stock
2023-05-23−9,300→ 183,000 total→ Common Stock (9,300 underlying) - Disposition to Issuer
Common Stock, par value $0.001 per share
2023-05-23$4.82/sh−3,700$17,834→ 86,310 total
Footnotes (2)
- [F1]On May 23, 2023, the reporting person elected to convert 5,600, of the 9,300 shares 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 seven-and-a-half year period, which were reported on a Form 4 report filed by the reporting person on January 14, 2021 and February 16, 2023.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.