Form 4 for ARR Armour Residential REIT, Inc.
Accepted 2023-05-25 00:00:00 ET · period of report 2023-05-23 · accession 0001428205-23-000110 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-05-25 | 2023-05-23 | ARR | ULM SCOTT | Co-CEO, Dir | D - Sale to Iss | $4.82 | -8,760 | 244.6K | -3% | -$42.2K |
| D | 2023-05-25 | 2023-05-23 | ARR | ULM SCOTT | Co-CEO, Dir | M - OptEx | $0.00 | +21.9K | 253.4K | +9% | $0 |
| D | 2023-05-25 | 2023-05-23 | ARR | ULM SCOTT | Co-CEO, Dir | M - OptEx | $0.00 | -21.9K | 400.2K | -5% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.001 per share | 2023-05-23 | D | D | 8,760 | $4.82 | 244,611 | D | — | — | |
| 2 | Common | Common Stock, par value $0.001 per share | 2023-05-23 | M | A | 21,900 | $0.00 | 253,371 | D | — | — | |
| 3 | Derivative | Phantom Stock | 2023-05-23 | M | D | 21,900 | $0.00 | 400,250 | D | — · — to — | 21,900 Common Stock | (F1) On May 23, 2023, the reporting person elected to convert 13,140 of the 21,900 shares of vested phantom stock into 13,140 shares of ARMOUR common stock. The reporting person elected to convert the remaining 8,760 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 21,900 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on Form 4 reports filed by the reporting person on January 16, 2020, 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. |