ULM SCOTT 4
4 · Armour Residential REIT, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Armour (ARR) CEO Scott Ulm Receives 150,000 Phantom Shares
What Happened Scott Ulm, CEO and a director of Armour Residential REIT, was granted 150,000 phantom shares (a derivative award) on June 16, 2026. The award was recorded at $0.00 per unit (no cash paid); phantom shares are the economic equivalent of common stock and will convert to an equal number of ARMOUR common shares upon vesting and settlement.
Key Details
- Transaction type: Award/Grant (code A) — 150,000 phantom shares granted on 2026-06-16 at $0.00 (derivative).
- Vesting: 7,500 phantom shares vest on each Aug 20, Nov 20, Feb 20 and May 20 through May 20, 2031; all units fully vested by May 20, 2031. Upon each vesting, Ulm is entitled to the equal number of common shares within 30 days. (Footnotes F1, F2)
- Shares owned after transaction: Not specified in this filing.
- Filing timeliness: Report filed 2026-06-18 for a 2026-06-16 grant — appears timely (Form 4 typically due within two business days).
- No sale, purchase, tax withholding, or 10b5-1 plan referenced in this filing.
Context This is a time‑based equity award (phantom stock) rather than an open‑market purchase or sale. Phantom shares provide economic exposure and will convert to actual common shares as they vest; they do not require immediate cash outlay by the insider. Such grants are common compensation tools and do not by themselves indicate an intent to buy or sell shares in the market.
Insider Transaction Report
- Award
Phantom Stock
[F1][F2]2026-06-16+150,000→ 183,490 total→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
- [F2]On June 16, 2026, the reporting person was granted an aggregate of 150,000 phantom shares under ARMOUR Residential REIT, Inc.'s ("ARMOUR") Fourth Amended and Restated 2009 Stock Incentive Plan (the "Plan") pursuant to the time-based vesting schedule described as follows: 7,500 phantom shares will vest on each of August 20, November 20, February 20, and May 20, through May 20, 2031, at which time all phantom stock shall have vested. Upon vesting, the reporting person will be entitled to an equal number of shares of ARMOUR common stock within 30 days.