HOLLIHAN JOHN P III 4
4 · Armour Residential REIT, Inc. · Filed Nov 22, 2024
Insider Transaction Report
Form 4
HOLLIHAN JOHN P III
Director
Transactions
- Exercise/Conversion
Common Stock
2024-11-20+540→ 12,413 total - Tax Payment
Common Stock
2024-11-20$18.43/sh−216$3,981→ 12,197 total - Exercise/Conversion
Phantom Stock
2024-11-20−540→ 5,300 total→ Common Stock (540 underlying)
Footnotes (2)
- [F1]On November 20, 2024, the reporting person elected to convert 324 of the 540 shares of vested phantom stock into 324 shares of ARMOUR common stock. The reporting person elected to convert the remaining 216 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 540 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 February 14, 2023.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.