Harper Gordon 4
4 · Armour Residential REIT, Inc. · Filed Aug 23, 2024
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Phantom Stock
2024-08-22−2,100→ 17,700 total→ Common Stock (2,100 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2024-08-22+2,100→ 14,527 total - Tax Payment
Common Stock, par value $0.001 per share
2024-08-22$20.16/sh−641$12,923→ 13,886 total
Footnotes (2)
- [F1]On August 22, 2024, the reporting person elected to convert 1459, of the 2100 shares of vested phantom stock into 1459 shares of ARMOUR common stock. The reporting person elected to convert the remaining 641 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 2100 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 and phantom stock vesting over a three year period granted on May 15, 2024, and phantom stock vesting over a six month period granted May 15, 2024.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.