Armour Residential REIT (ARR) director takes 989-share stock grant as quarterly pay

Rhea-AI Filing Summary

PAPERIN STEWART J reported acquisition or exercise transactions in this Form 4 filing.

Armour Residential REIT director Stewart J. Paperin received 989 shares of common stock on April 1, 2026 as quarterly compensation for his service on the Board of Directors. He may elect to take $16,500 of quarterly compensation, or $66,000 annually, in stock, cash, or a mix of both, and these 989 shares reflect his stock election for the past quarter.

The 989-share award is held indirectly through the Stewart J. Paperin Family Trust, over which he has investment control and a pecuniary interest. After this award, indirect holdings through the trust total 9,350 shares, and he also holds 208 shares directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider PAPERIN STEWART J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share	989	$16.68	$16K
holding	Common Stock, par value $0.001 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.001 per share — 9,350 shares (Indirect, See Footnote); Common Stock, par value $0.001 per share — 208 shares (Direct)

Footnotes (1)

1. On April 1, 2026, the reporting person received 989 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 989 shares of stock represent the reporting person's election of stock compensation for the past quarter. Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.

Key Figures

Stock grant shares: 989 shares Grant price: $16.68 per share Quarterly compensation election: $16,500 +3 more

6 metrics

Stock grant shares 989 shares Quarterly board compensation on April 1, 2026

Grant price $16.68 per share Value used for the 989-share stock compensation

Quarterly compensation election $16,500 Amount a director may take in stock, cash, or both each quarter

Annual compensation option $66,000 Total annual amount eligible for stock or cash election

Indirect holdings after grant 9,350 shares Shares held through the Stewart J. Paperin Family Trust

Direct holdings after grant 208 shares Shares held directly by Stewart J. Paperin

Key Terms

quarterly compensation, pecuniary interest, Family Trust, grant, award, or other acquisition

4 terms

quarterly compensation financial

"pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors"

pecuniary interest financial

"Mr. Paperin has a pecuniary interest in and investment control over the shares"

Family Trust financial

"Represents shares owned indirectly through the Stewart J. Paperin Family Trust"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PAPERIN STEWART J

(Last) (First) (Middle)

3001 OCEAN DRIVE

SUITE #201

(Street)

VERO BEACH FLORIDA 32963

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Armour Residential REIT, Inc. [ ARR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	04/01/2026		A		989	A(1)	$16.68	9,350	I	See Footnote(2)
Common Stock, par value $0.001 per share								208	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On April 1, 2026, the reporting person received 989 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 989 shares of stock represent the reporting person's election of stock compensation for the past quarter.

2. Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.

Remarks:

	/s/ Stewart J. Paperin	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ARR director Stewart J. Paperin report on this Form 4?

Stewart J. Paperin reported receiving 989 shares of Armour Residential REIT common stock as quarterly board compensation. The shares were granted on April 1, 2026 and taken in stock instead of cash, reflecting his compensation election for the most recent quarter.

How is Stewart J. Paperin’s ARR stock grant structured and valued?

Paperin received 989 shares at a reported price of $16.68 per share as part of his director compensation. He can elect to receive $16,500 in quarterly compensation, or $66,000 annually, in stock, cash, or a combination, and chose stock for this quarter.

How many ARR shares does Stewart J. Paperin hold after this transaction?

Following the reported grant, Paperin holds 9,350 Armour Residential REIT shares indirectly through the Stewart J. Paperin Family Trust and 208 shares directly. The 989-share award increased the trust’s indirect position while leaving his separate direct holding unchanged.

Through what entity are Stewart J. Paperin’s ARR shares held indirectly?

His indirect Armour Residential REIT holdings are held through the Stewart J. Paperin Family Trust. The filing notes that Mr. Paperin has a pecuniary interest in, and investment control over, the shares owned by this trust, linking the trust’s ownership to his economic interest.

Is the ARR Form 4 transaction a market purchase or compensation grant?

The reported ARR transaction is a compensation-related grant, not an open-market trade. The Form 4 describes it as 989 shares received as quarterly director compensation, with the director allowed to choose stock, cash, or a mix for the $16,500 quarterly amount.