Losyev Sergey 4

What Happened

• Sergey Losyev, Co‑Chief Investment Officer of Armour Residential REIT, Inc. (ARR), was granted 50,000 phantom shares (derivative award) on June 16, 2026. The award was reported as acquired at $0.00 (no cash paid). Phantom shares are economic equivalents of ARMOUR common stock and will convert to actual shares upon vesting.

Key Details

• Transaction date: June 16, 2026; Form 4 filed: June 18, 2026 (timely).
• Transaction type/code: A — Grant/award (derivative phantom stock).
• Amount: 50,000 phantom shares; acquisition price reported $0.00.
• Vesting: 2,500 phantom shares vest on each August 20, November 20, February 20, and May 20 through May 20, 2031; all phantom shares will be vested by May 20, 2031.
• Upon each vesting, the reporting person is entitled to receive an equal number of ARMOUR common shares within 30 days (per filing).
• Shares owned after the transaction: not specified in this Form 4.
• Footnotes: F1 confirms each phantom share equals the economic equivalent of one common share; F2 outlines the detailed time‑based vesting schedule.

Context

• This is a compensation award (neither a market purchase nor a sale). Phantom-share grants are common executive compensation tools that provide future exposure to stock price movements but do not represent current voting shares. The filing appears timely (filed two days after the transaction date), and no immediate sale or cashless exercise is involved — conversion to actual stock occurs only as units vest.