PAPERIN STEWART J 4
4 · Armour Residential REIT, Inc. · Filed Aug 25, 2025
Insider Transaction Report
Form 4
PAPERIN STEWART J
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2025-08-21+520→ 4,742 total(indirect: See Footnote) - Exercise/Conversion
Phantom Stock
2025-08-21−520→ 3,740 total→ Common Stock (520 underlying)
Holdings
- 208
Common Stock, par value $0.001 per share
Footnotes (3)
- [F1]On August 21, 2025, the reporting person elected to convert 520 shares of vested phantom stock into 520 shares of ARMOUR common stock. The 520 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 14, 2021 and February 14, 2023.
- [F2]Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.
- [F3]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.