MOUNTAIN JAMES R 4
4 · Armour Residential REIT, Inc. · Filed Nov 24, 2023
Insider Transaction Report
Form 4
MOUNTAIN JAMES R
Chief Financial Officer
Transactions
- Sale
Common Stock, par value $0.001 per share
2023-11-21$17.41/sh−740$12,883→ 19,502 total - Exercise/Conversion
Phantom Stock
2023-11-21−1,860→ 32,880 total→ Common Stock (1,860 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2023-11-21+1,860→ 20,242 total
Footnotes (3)
- [F1]On November 21, 2023, the reporting person elected to convert 1,120 of the 1,860 shares of vested phantom stock into 1,120 shares of ARMOUR common stock. The reporting person elected to convert the remaining 740 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,860 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]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.