[Form 4] ARMOUR Residential REIT, Inc. Insider Trading Activity
Marc H. Bell, a director of Armour Residential REIT, Inc. (ARR), converted vested phantom stock into common shares on August 21, 2025. He elected to convert 520 vested phantom shares into 520 shares of ARMOUR common stock and 480 vested phantom shares into 480 shares, for a total of 1,000 common shares issued at a $0 conversion price. The Form 4 shows the reporting persons non-derivative beneficial ownership figures following the transactions as 23,358 and 23,838 shares on separate reported lines, and derivative holdings linked to phantom stock reported as resulting in underlying common shares of 7,670 and 7,190 respectively. The filing indicates these phantom units were part of previously reported multi-year vesting awards and that each phantom unit equals one share of common stock.
Marc H. Bell, amministratore di Armour Residential REIT, Inc. (ARR), ha convertito phantom stock già maturate in azioni ordinarie il 21 agosto 2025. Ha scelto di convertire 520 phantom shares maturate in 520 azioni ordinarie di ARMOUR e 480 phantom shares maturate in 480 azioni, per un totale di 1.000 azioni ordinarie emesse a un prezzo di conversione pari a $0. Il Modulo 4 riporta la proprietà beneficiaria non derivata del dichiarante dopo le operazioni come 23.358 e 23.838 azioni su righe separate, mentre le partecipazioni derivate collegate alle phantom stock sono indicate come sottoesistenti di 7.670 e 7.190 azioni rispettivamente. La dichiarazione precisa che queste unità phantom facevano parte di premi con maturazione pluriennale già segnalati e che ogni unità phantom equivale a una azione ordinaria.
Marc H. Bell, director de Armour Residential REIT, Inc. (ARR), convirtió phantom stock ya devengadas en acciones ordinarias el 21 de agosto de 2025. Optó por convertir 520 phantom shares devengadas en 520 acciones ordinarias de ARMOUR y 480 phantom shares devengadas en 480 acciones, para un total de 1.000 acciones ordinarias emitidas a un precio de conversión de $0. El Formulario 4 muestra la propiedad beneficiaria no derivada del declarante tras las transacciones como 23.358 y 23.838 acciones en líneas separadas, y las participaciones derivadas vinculadas a las phantom stock aparecen como acciones subyacentes de 7.670 y 7.190, respectivamente. El informe indica que estas unidades phantom formaban parte de premios con adquisición de derechos plurianuales previamente reportados y que cada unidad phantom equivale a una acción ordinaria.
Armour Residential REIT, Inc.(ARR)의 이사인 Marc H. Bell은 2025년 8월 21일 기성(vested) 팬텀 스톡을 보통주로 전환했습니다. 그는 기성된 520개 팬텀 주식을 ARMOUR 보통주 520주로, 기성된 480개 팬텀 주식을 480주로 전환하여 총 1,000주의 보통주를 전환가 $0로 발행했습니다. Form 4는 거래 후 신고인의 비파생(직접) 보유주식을 별도 항목으로 각각 23,358주와 23,838주로 기재했으며, 팬텀 스톡에 연계된 파생 보유분은 각각 7,670주 및 7,190주의 기초 보통주로 보고되어 있습니다. 제출서류는 이들 팬텀 단위가 이전에 보고된 다년(다년간) 베스팅 보상에 포함된 것이며 각 팬텀 단위가 보통주 1주에 해당한다고 명시하고 있습니다.
Marc H. Bell, administrateur d'Armour Residential REIT, Inc. (ARR), a converti des phantom stocks acquis en actions ordinaires le 21 août 2025. Il a choisi de convertir 520 phantom shares acquises en 520 actions ordinaires ARMOUR et 480 phantom shares acquises en 480 actions, pour un total de 1 000 actions ordinaires émises à un prix de conversion de 0 $. Le formulaire 4 indique la détention bénéficiaire non dérivée de la personne déclarante après les opérations à 23 358 et 23 838 actions sur des lignes séparées, et les avoirs dérivés liés aux phantom stocks sont déclarés comme donnant lieu à 7 670 et 7 190 actions ordinaires sous-jacentes respectivement. Le dépôt précise que ces unités phantom faisaient partie de récompenses à acquisition pluriannuelle déjà signalées et que chaque unité phantom équivaut à une action ordinaire.
Marc H. Bell, Direktor von Armour Residential REIT, Inc. (ARR), wandelte am 21. August 2025 ausgeübte Phantom-Aktien in Stammaktien um. Er entschied sich, 520 ausgeübte Phantom Shares in 520 ARMOUR-Stammaktien und 480 ausgeübte Phantom Shares in 480 Aktien umzuwandeln, womit insgesamt 1.000 Stammaktien zu einem Umwandlungspreis von $0 ausgegeben wurden. Das Formular 4 gibt die nicht-derivativen Beneficial-Besitzverhältnisse der meldenden Person nach den Transaktionen auf separaten Zeilen mit 23.358 bzw. 23.838 Aktien an; die derivativen Bestände im Zusammenhang mit den Phantom-Aktien werden als jeweils 7.670 bzw. 7.190 zugrunde liegende Stammaktien ausgewiesen. Die Einreichung weist darauf hin, dass diese Phantom-Einheiten Teil zuvor gemeldeter mehrjähriger Vesting-Zusagen waren und dass jede Phantom-Einheit einer Stammaktie entspricht.
- Insider acquisition: Reporting person converted vested phantom stock into 1,000 common shares, showing exercise of previously granted compensation rights
- Consistent with prior disclosures: The converted units are tied to phantom stock awards previously reported on Form 4s, indicating adherence to disclosed vesting schedules
- None.
Insights
TL;DR: Routine insider conversion of vested phantom stock into 1,000 common shares; immaterial to ARRs capital structure absent additional context.
This Form 4 documents an insider action converting previously granted, vested phantom stock into ordinary shares rather than an open-market purchase or sale. The economic effect is issuance of 1,000 common shares at conversion, with no cash price reported. Without companywide share count or market capitalization disclosed here, the transaction appears routine and does not by itself indicate material change to ARRs equity base or liquidity position. It is meaningful primarily as confirmation of vesting and exercise of remuneration tied to prior awards.
TL;DR: Governance signal shows management compensation converting vested phantom units; consistent with previously disclosed grants and standard practice.
The filing explicitly ties the converted units to phantom stock awards previously reported in earlier Form 4 filings. This suggests adherence to announced compensation schedules and documented vesting terms. Because the conversion reflects fulfillment of vesting conditions rather than discretionary cash transactions, it poses no new governance red flags based on the information provided. Further assessment would require details on total dilution from all awards and timing relative to vesting schedules.
Marc H. Bell, amministratore di Armour Residential REIT, Inc. (ARR), ha convertito phantom stock già maturate in azioni ordinarie il 21 agosto 2025. Ha scelto di convertire 520 phantom shares maturate in 520 azioni ordinarie di ARMOUR e 480 phantom shares maturate in 480 azioni, per un totale di 1.000 azioni ordinarie emesse a un prezzo di conversione pari a $0. Il Modulo 4 riporta la proprietà beneficiaria non derivata del dichiarante dopo le operazioni come 23.358 e 23.838 azioni su righe separate, mentre le partecipazioni derivate collegate alle phantom stock sono indicate come sottoesistenti di 7.670 e 7.190 azioni rispettivamente. La dichiarazione precisa che queste unità phantom facevano parte di premi con maturazione pluriennale già segnalati e che ogni unità phantom equivale a una azione ordinaria.
Marc H. Bell, director de Armour Residential REIT, Inc. (ARR), convirtió phantom stock ya devengadas en acciones ordinarias el 21 de agosto de 2025. Optó por convertir 520 phantom shares devengadas en 520 acciones ordinarias de ARMOUR y 480 phantom shares devengadas en 480 acciones, para un total de 1.000 acciones ordinarias emitidas a un precio de conversión de $0. El Formulario 4 muestra la propiedad beneficiaria no derivada del declarante tras las transacciones como 23.358 y 23.838 acciones en líneas separadas, y las participaciones derivadas vinculadas a las phantom stock aparecen como acciones subyacentes de 7.670 y 7.190, respectivamente. El informe indica que estas unidades phantom formaban parte de premios con adquisición de derechos plurianuales previamente reportados y que cada unidad phantom equivale a una acción ordinaria.
Armour Residential REIT, Inc.(ARR)의 이사인 Marc H. Bell은 2025년 8월 21일 기성(vested) 팬텀 스톡을 보통주로 전환했습니다. 그는 기성된 520개 팬텀 주식을 ARMOUR 보통주 520주로, 기성된 480개 팬텀 주식을 480주로 전환하여 총 1,000주의 보통주를 전환가 $0로 발행했습니다. Form 4는 거래 후 신고인의 비파생(직접) 보유주식을 별도 항목으로 각각 23,358주와 23,838주로 기재했으며, 팬텀 스톡에 연계된 파생 보유분은 각각 7,670주 및 7,190주의 기초 보통주로 보고되어 있습니다. 제출서류는 이들 팬텀 단위가 이전에 보고된 다년(다년간) 베스팅 보상에 포함된 것이며 각 팬텀 단위가 보통주 1주에 해당한다고 명시하고 있습니다.
Marc H. Bell, administrateur d'Armour Residential REIT, Inc. (ARR), a converti des phantom stocks acquis en actions ordinaires le 21 août 2025. Il a choisi de convertir 520 phantom shares acquises en 520 actions ordinaires ARMOUR et 480 phantom shares acquises en 480 actions, pour un total de 1 000 actions ordinaires émises à un prix de conversion de 0 $. Le formulaire 4 indique la détention bénéficiaire non dérivée de la personne déclarante après les opérations à 23 358 et 23 838 actions sur des lignes séparées, et les avoirs dérivés liés aux phantom stocks sont déclarés comme donnant lieu à 7 670 et 7 190 actions ordinaires sous-jacentes respectivement. Le dépôt précise que ces unités phantom faisaient partie de récompenses à acquisition pluriannuelle déjà signalées et que chaque unité phantom équivaut à une action ordinaire.
Marc H. Bell, Direktor von Armour Residential REIT, Inc. (ARR), wandelte am 21. August 2025 ausgeübte Phantom-Aktien in Stammaktien um. Er entschied sich, 520 ausgeübte Phantom Shares in 520 ARMOUR-Stammaktien und 480 ausgeübte Phantom Shares in 480 Aktien umzuwandeln, womit insgesamt 1.000 Stammaktien zu einem Umwandlungspreis von $0 ausgegeben wurden. Das Formular 4 gibt die nicht-derivativen Beneficial-Besitzverhältnisse der meldenden Person nach den Transaktionen auf separaten Zeilen mit 23.358 bzw. 23.838 Aktien an; die derivativen Bestände im Zusammenhang mit den Phantom-Aktien werden als jeweils 7.670 bzw. 7.190 zugrunde liegende Stammaktien ausgewiesen. Die Einreichung weist darauf hin, dass diese Phantom-Einheiten Teil zuvor gemeldeter mehrjähriger Vesting-Zusagen waren und dass jede Phantom-Einheit einer Stammaktie entspricht.
FAQ
What did Marc H. Bell report on the Form 4 for ARR?
How many common shares were issued from the phantom stock conversion?
Does the filing show any cash purchase or sale of ARR shares?
Are these phantom units newly granted or previously disclosed?
What is the economic equivalence of phantom stock in this filing?
