Harper Gordon 4
4 · Armour Residential REIT, Inc. · Filed Feb 25, 2025
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2025-02-21+1,000→ 16,359 total - Exercise/Conversion
Phantom Stock
2025-02-21−1,000→ 14,600 total→ Common Stock (1,000 underlying) - Tax Payment
Common Stock, par value $0.001 per share
2025-02-21$18.94/sh−274$5,190→ 16,085 total
Footnotes (2)
- [F1]On February 21, 2025, the reporting person elected to convert 726, of the 1.000 shares of vested phantom stock into 726 shares of ARMOUR common stock. The reporting person elected to convert the remaining 274 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,000 shares are part of, and relate to, 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 which were reported on a Form 4 report filed by the reporting person on May 23, 2024.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.