ULM SCOTT 4
4 · Armour Residential REIT, Inc. · Filed Nov 25, 2025
Insider Transaction Report
Form 4
ULM SCOTT
DirectorCEO
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2025-11-21$16.31/sh−1,352$22,051→ 72,802 total - Exercise/Conversion
Phantom Stock
2025-11-21−3,380→ 40,250 total→ Common Stock (3,380 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2025-11-21+3,380→ 74,154 total
Footnotes (2)
- [F1]On November 21, 2025, the reporting person elected to convert 2,028 of the 3,380 shares of vested phantom stock into 2,028 shares of ARMOUR common stock. The reporting person elected to convert the remaining 1,352 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 3,380 shares are part of, and relate to phantom stock vesting over a six-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on January 14, 2021 and phantom stock vesting over a seven-year period, which was reported on a Form 4 report filed by the reporting person on February 16, 2023.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.