Armour REIT chair converts phantom stock into 2,380 shares
Armour Residential REIT, Inc. (ARR) reported that director and Chairman of the Board Daniel C. Staton converted vested phantom stock units into common shares on August 21, 2026.
Rhea-AI Filing Summary
Armour Residential REIT, Inc. (ARR) reported that director and Chairman of the Board Daniel C. Staton converted vested phantom stock units into common shares on August 21, 2026. He exercised 1,900 units of phantom stock into 1,900 shares of common stock and separately exercised 480 units into 480 common shares, with each phantom stock unit being the economic equivalent of one share of Armour common stock. The derivative positions (phantom stock) were disposed of as they were converted, and the resulting common shares are held indirectly through DM Staton Family Limited Partnership, in which Mr. Staton is both a general partner and a limited partner with a pecuniary interest in the shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,380 shares exercised/converted
Exercise
4 txns
Insider
STATON DANIEL C
Role
Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock F4, F1 | 1,900 | $0.00 | $0.00 |
| Exercise | Phantom Stock F4, F3 | 480 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 1,900 | $0.00 | $0.00 |
| Exercise | Common Stock F3, F2 | 480 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 29,864 contracts (Direct);
Common Stock — 35,583 shares (Indirect, See Footnote)
Footnotes (4)
- F1. On August 21, 2026, the reporting person elected to convert 1,900 shares of vested phantom stock into 1,900 shares of ARMOUR common stock. The 1,900 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 February 14, 2023 , December 18, 2025 and May 21, 2026.
- F2. Represents shares owned indirectly through DM Staton Family Limited Partnership. The reporting person is a general partner and a limited partner of DM Staton Family Limited Partnership. The reporting person has a pecuniary interest in the shares held by DM Staton Family Limited Partnership.
- F3. On August 21, 2026, the reporting person elected to convert 480 shares of vested phantom stock into 480 shares of ARMOUR common stock. The 480 shares are part of, and relate to, phantom stock vesting over a six-and-a half year periods, which was reported on Form 4 report filed by the reporting person on January 14, 2021.
- F4. Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
Key Figures
Phantom stock converted (first block): 1,900 units
Phantom stock converted (second block): 480 units
Total common shares acquired via conversion: 2,380 shares
+3 more
6 metrics
Phantom stock converted (first block)
1,900 units
Converted into 1,900 shares of common stock on August 21, 2026
Phantom stock converted (second block)
480 units
Converted into 480 shares of common stock on August 21, 2026
Total common shares acquired via conversion
2,380 shares
Aggregate of 1,900 and 480 common shares from phantom stock conversions
Exercise price per share
$0.00 per share
Reported for both phantom stock conversion transactions
Derivative exercise transactions
2 transactions
Both coded M as exercise or conversion of derivative securities
Net buy/sell shares
0 shares
transactionSummary reports netBuySellShares as neutral
Key Terms
phantom stock, economic equivalent, pecuniary interest, indirectly, +1 more
5 terms
phantom stock financial
"Each unit of phantom stock is the economic equivalent of one share"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
economic equivalent financial
"Each unit of phantom stock is the economic equivalent of one share"
pecuniary interest financial
"The reporting person has a pecuniary interest in the shares held"
indirectly financial
"Represents shares owned indirectly through DM Staton Family Limited Partnership"
exercise or conversion of derivative security financial
"transaction code description Exercise or conversion of derivative security"
FAQ
What insider transaction did ARR Chairman Daniel C. Staton report on this Form 4?
Daniel C. Staton reported converting 1,900 and 480 vested phantom stock units into an equal number of Armour Residential REIT, Inc. common shares on August 21, 2026, effectively exchanging phantom stock for common stock at an exercise price of $0.00 per share.
What happened to Daniel Staton’s phantom stock units in ARR?
Mr. Staton disposed of 1,900 and 480 units of phantom stock by electing to convert them into the same number of Armour Residential REIT common shares. Each phantom stock unit is described as the economic equivalent of one share of Armour common stock.
Were the ARR insider transactions part of a Rule 10b5-1 trading plan?
The document-level indication shows the Rule 10b5-1 checkbox as false, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.
Do these ARR Form 4 transactions reflect open-market buying or selling?
No. The transactions are coded M, indicating exercise or conversion of derivative securities. They reflect conversion of phantom stock into common stock at an exercise price of $0.00 per share, not open-market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
