ULM SCOTT 4
4 · Armour Residential REIT, Inc. · Filed Aug 23, 2024
Insider Transaction Report
Form 4
ULM SCOTT
DirectorCEO
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2024-08-22+4,380→ 63,814 total - Tax Payment
Common Stock, par value $0.001 per share
2024-08-22$20.16/sh−1,752$35,320→ 62,062 total - Exercise/Conversion
Phantom Stock
2024-08-22−4,380→ 58,150 total→ Common Stock (4,380 underlying)
Footnotes (2)
- [F1]On August 22, 2024, the reporting person elected to convert 2,628 of the 4,380 shares of vested phantom stock into 2,628 shares of ARMOUR common stock. The reporting person elected to convert the remaining 1,752 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 4,380 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 six-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on January 14, 2021 and phantom stock vesting over a seven-year period, which was 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.