Downey Carolyn 4
4 · Armour Residential REIT, Inc. · Filed Nov 25, 2025
Insider Transaction Report
Form 4
Downey Carolyn
Director
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2025-11-21$16.31/sh−270$4,404→ 24,482 total - Exercise/Conversion
Phantom Stock
2025-11-21−540→ 3,200 total→ Common Stock (540 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2025-11-21+540→ 24,752 total
Footnotes (2)
- [F1]On November 21, 2025, the reporting person elected to convert 270 of the 540 shares of vested phantom stock into 270 shares of ARMOUR common stock. The reporting person elected to convert the remaining 270 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 14, 2021, and February 14, 2023.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.