Harper Gordon 4

What Happened Harper Gordon, Chief Financial Officer of Armour Residential REIT, Inc. (ARR), was granted 75,000 phantom shares (a derivative award) on June 16, 2026. The grant price is $0.00 (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; the filing classifies this as an award/grant (transaction code A).

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (filed two days after the transaction).
• Price: $0.00 per phantom share; total acquisition value reported as $0 (derivative award).
• Vesting schedule: 3,750 phantom shares vest on each August 20, November 20, February 20, and May 20 through May 20, 2031 (20 vesting events totaling 75,000). Upon each vesting, Gordon is entitled to an equal number of ARMOUR common shares within 30 days.
• Shares owned following the transaction: not specified in the filing.
• Footnotes: F1 clarifies each phantom share equals one share of common stock economically; F2 describes the time-based vesting schedule under the company’s 2009 Stock Incentive Plan.
• No 10b5-1, tax-withholding, or late-filing flags are disclosed in the filing.

Context This was a compensation-related derivative grant, not an open-market purchase or sale. Phantom-share awards provide economic exposure that converts into actual shares on vesting and are commonly used for executive compensation; they do not represent an immediate market purchase or sale by the insider.