GRUBER MARK 4
4 · Armour Residential REIT, Inc. · Filed Feb 26, 2024
Insider Transaction Report
Form 4
GRUBER MARK
Chief Operating Officer
Transactions
- Exercise/Conversion
Phantom Stock
2024-02-22−1,660→ 30,420 total→ Common Stock (1,660 underlying) - Tax Payment
Common Stock
2024-02-22$18.80/sh−415$7,802→ 23,173 total - Exercise/Conversion
Common Stock
2024-02-22+1,660→ 23,588 total
Footnotes (2)
- [F1]On February 22, 2024, the reporting person elected to convert 1,245, of the1,660 shares of vested phantom stock into 1,245 shares of ARMOUR common stock. The reporting person elected to convert the remaining 415 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 reporting person 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]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.