Form 4 for ARR Armour Residential REIT, Inc.
Accepted 2023-11-24 00:00:00 ET · period of report 2023-11-21 · accession 0001428205-23-000200 · 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 | 2023-11-24 | 2023-11-21 | ARR | MOUNTAIN JAMES R | CFO | S - Sale+OE | $17.41 | -740 | 19.5K | -4% | -$12.9K |
| D | 2023-11-24 | 2023-11-21 | ARR | MOUNTAIN JAMES R | CFO | M - OptEx | $0.00 | +1,860 | 20.2K | +10% | $0 |
| D | 2023-11-24 | 2023-11-21 | ARR | MOUNTAIN JAMES R | CFO | M - OptEx | $0.00 | -1,860 | 32.9K | -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 | 2023-11-21 | S | D | 740 | $17.41 | 19,502 | D | — | — | |
| 2 | Common | Common Stock, par value $0.001 per share | 2023-11-21 | M | A | 1,860 | $0.00 | 20,242 | D | — | — | (F2) Total reflects a 1 for 5 reverse stock split that occurred on September 29, 2023. |
| 3 | Derivative | Phantom Stock | 2023-11-21 | M | D | 1,860 | $0.00 | 32,880 | D | — · — to — | 1,860 Common Stock | (F2) Total reflects a 1 for 5 reverse stock split that occurred on September 29, 2023. (F3) Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock. (F1) On November 21, 2023, the reporting person elected to convert 1,120 of the 1,860 shares of vested phantom stock into 1,120 shares of ARMOUR common stock. The reporting person elected to convert the remaining 740 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,860 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 seven-and-a-half year period, which were reported on a Form 4 report filed by the reporting person on January 14, 2021 and February 16, 2023. |