Downey Carolyn 4

What Happened
Carolyn Downey, a director of Armour Residential REIT, Inc. (ARR), was granted 945 shares of Armour common stock on July 1, 2026 as part of her quarterly board compensation election. The shares were valued at $17.45 each, for a reported total of $16,490. This was an award/acquisition of stock (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely filing).
• Shares granted: 945 at $17.45 per share; reported value $16,490.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Downey elected to receive stock for the quarter. Directors may elect up to $16,500 per quarter (or $66,000 annually) in compensation to be paid in stock, cash, or a mix; the 945 shares represent her stock election for the quarter.
• Transaction code: A (award/grant/acquisition). No 10b5-1 plan, tax withholding, or sale reported.

Context
This was routine director compensation paid in stock rather than a market trade. Such awards reflect standard pay elections and are not the same signal as an insider buying shares on the open market; they do not necessarily indicate a change in the director’s view of the company’s prospects.