GRUBER MARK 4
4 · Armour Residential REIT, Inc. · Filed Nov 24, 2023
Insider Transaction Report
Form 4
GRUBER MARK
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2023-11-21$17.41/sh−342$5,954→ 21,928 total - Exercise/Conversion
Phantom Stock
2023-11-21−1,660→ 32,080 total→ Common Stock (1,660 underlying) - Exercise/Conversion
Common Stock
2023-11-21+1,660→ 22,270 total
Footnotes (3)
- [F1]On November 21, 2023, the reporting person elected to convert 1,318, of the1,660 shares of vested phantom stock into 1,318 shares of ARMOUR common stock. The reporting person elected to convert the remaining 342 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,660 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 and June 30, 2020, phantom stock vesting over a six-and-a-half year period, reported on a Form 4 report filed by the reportingperson on January 14, 2021 and phantom stock vesting over a seven-and-a-half year period, reported on a Form 4 report filed by the reporting person on February 16, 2023.
- [F2]Total reflects a 1 for 5 reverse stock split that occurred on September 29, 2023.
- [F3]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.