Macauley Desmond 4
4 · Armour Residential REIT, Inc. · Filed Nov 25, 2025
Insider Transaction Report
Form 4
Macauley Desmond
Co-Chief Investment Officer
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2025-11-21$16.31/sh−393$6,410→ 4,341 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2025-11-21+1,500→ 4,734 total - Exercise/Conversion
Phantom Stock
2025-11-21−1,500→ 25,500 total→ Common Stock (1,500 underlying)
Footnotes (2)
- [F1]On November 21, 2025, the reporting person elected to convert 1,107 of the 1,500 shares of vested phantom stock into 1,107 shares of ARMOUR common stock. The reporting person elected to convert the remaining 393 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,500 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on a Form 4 report filed by the reporting person on April 30, 2025.
- [F2]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.