Downey Carolyn 4

What Happened

• Carolyn Downey, a director of Armour Residential REIT, Inc. (ARR), received 989 shares of Armour common stock on April 1, 2026 as quarterly compensation. The filing shows an acquisition value of $16.68 per share, totaling $16,497. The transaction is coded as an award/grant (A) — an election to receive stock in lieu of cash compensation.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (filed within the typical 2-business-day requirement).
• Shares received: 989 shares at $16.68 per share; aggregate value reported $16,497 (footnote references a $16,500 quarterly election amount).
• Transaction type/code: Award/Grant (A) — director elected stock compensation for the quarter.
• Shares owned after the transaction: Not reported in this Form 4 filing.
• Footnote: Director may elect to receive up to $16,500 per quarter (or $66,000 annually) in stock, cash, or a combination; the 989 shares represent the director’s election of stock for this quarter.

Context

• This was compensation paid as part of routine board pay, not an open-market purchase or sale. Such awards are common for directors and reflect compensation choice rather than a direct buy/sell signal about the company’s shares.