Armour Residential (ARR) CEO awarded 150,000 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ULM SCOTT reported acquisition or exercise transactions in this Form 4 filing.
Armour Residential REIT CEO Scott Ulm received a compensation grant of 150,000 units of phantom stock. Each unit is the economic equivalent of one share of Armour common stock. The award was granted under the company’s Fourth Amended and Restated 2009 Stock Incentive Plan.
The phantom stock vests on a time-based schedule: 7,500 units will vest on each of August 20, November 20, February 20, and May 20 through May 20, 2031. Within 30 days after each vesting date, Ulm will receive an equal number of Armour common shares. Following this grant, he holds 183,490 phantom stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ULM SCOTT
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 150,000 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 183,490 shares (Direct, null)
Footnotes (1)
- Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock. On June 16, 2026, the reporting person was granted an aggregate of 150,000 phantom shares under ARMOUR Residential REIT, Inc.'s ("ARMOUR") Fourth Amended and Restated 2009 Stock Incentive Plan (the "Plan") pursuant to the time-based vesting schedule described as follows: 7,500 phantom shares will vest on each of August 20, November 20, February 20, and May 20, through May 20, 2031, at which time all phantom stock shall have vested. Upon vesting, the reporting person will be entitled to an equal number of shares of ARMOUR common stock within 30 days.
Key Figures
Phantom stock grant: 150,000 units
Post-grant phantom holdings: 183,490 units
Quarterly vesting tranche: 7,500 units
+2 more
5 metrics
Phantom stock grant
150,000 units
Granted on June 16, 2026 to CEO Scott Ulm
Post-grant phantom holdings
183,490 units
Total phantom stock units held after the award
Quarterly vesting tranche
7,500 units
Vest each August 20, November 20, February 20 and May 20
Vesting end date
May 20, 2031
Date by which all phantom stock will have vested
Settlement window
Within 30 days
Time to deliver common stock after each vesting
Key Terms
Phantom Stock, time-based vesting schedule, Stock Incentive Plan, economic equivalent
4 terms
Phantom Stock financial
"Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock."
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.
time-based vesting schedule financial
"pursuant to the time-based vesting schedule described as follows: 7,500 phantom shares will vest on each of August 20, November 20, February 20, and May 20"
Stock Incentive Plan financial
"under ARMOUR Residential REIT, Inc.'s ("ARMOUR") Fourth Amended and Restated 2009 Stock Incentive Plan (the "Plan")"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
economic equivalent financial
"Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock."
FAQ
What insider transaction did Armour Residential REIT (ARR) report for CEO Scott Ulm?
Armour Residential REIT reported that CEO Scott Ulm received a grant of 150,000 phantom stock units. This is a compensation award, not an open-market purchase or sale, and increases his directly held phantom stock position to 183,490 units.
What is phantom stock in the Armour Residential REIT (ARR) Form 4 filing?
In this filing, each unit of phantom stock is the economic equivalent of one share of Armour common stock. The phantom units convert into an equal number of common shares within 30 days after they vest under the company’s stock incentive plan.
How does the 150,000 phantom stock grant to Armour Residential REIT (ARR) CEO vest?
The 150,000 phantom stock units vest over time, with 7,500 units vesting on each of August 20, November 20, February 20, and May 20. This schedule continues through May 20, 2031, spreading the vesting over multiple years.
How many phantom stock units does Armour Residential REIT (ARR) CEO hold after this grant?
After the grant of 150,000 phantom stock units, CEO Scott Ulm holds a total of 183,490 phantom stock units directly. These units are tied to future delivery of Armour common shares as they vest over time under the plan.
Is the Armour Residential REIT (ARR) CEO’s phantom stock grant an open-market stock purchase?
No, the 150,000 phantom stock units reported are a grant under Armour’s stock incentive plan. It is a compensation-related award, not an open-market purchase or sale of existing shares on a securities exchange.