Armour Residential (NYSE: ARR) director gains 1,900 shares via phantom stock
Rhea-AI Filing Summary
Armour Residential REIT, Inc. (ARR) director Stewart J. Paperin elected on August 21, 2026 to convert 1,900 units of vested phantom stock into 1,900 shares of common stock. The phantom units, each economically equivalent to one common share, were disposed of, while the resulting common shares are held indirectly through the Stewart J. Paperin Family Trust, over which he has investment control. Following these transactions, he holds 28,354 units of phantom stock, 14,095 shares of common stock indirectly, and 208 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,900 shares
Net Buy
3 txns
Insider
PAPERIN STEWART J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock F3, F1 | 1,900 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share F1, F2 | 1,900 | $0.00 | $0.00 |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 28,354 shares (Direct);
Common Stock, par value $0.001 per share — 14,095 shares (Indirect, See Footnote);
Common Stock, par value $0.001 per share — 208 shares (Direct)
Footnotes (3)
- 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 a five-year period, 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 the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.
- F3. Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
Key Figures
Phantom stock units converted: 1,900 units
Common shares received upon conversion: 1,900 shares
Phantom stock units held after transaction: 28,354 units
+2 more
5 metrics
Phantom stock units converted
1,900 units
Vested phantom stock converted into common stock on August 21, 2026
Common shares received upon conversion
1,900 shares
Common stock acquired indirectly via conversion on August 21, 2026
Phantom stock units held after transaction
28,354 units
Phantom stock balance following the derivative transaction
Indirect common stock holdings after transaction
14,095 shares
Shares held through the Stewart J. Paperin Family Trust
Direct common stock holdings after transaction
208 shares
Directly owned Armour Residential REIT, Inc. common shares
Key Terms
phantom stock, economic equivalent, pecuniary interest, indirectly through the Stewart J. Paperin Family Trust
4 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
"Mr. Paperin has a pecuniary interest in and investment control"
indirectly through the Stewart J. Paperin Family Trust financial
"Represents shares owned indirectly through the Stewart J. Paperin Family Trust"
FAQ
What insider transaction did ARR director Stewart J. Paperin report on this Form 4?
Stewart J. Paperin reported converting 1,900 units of vested phantom stock into 1,900 shares of Armour Residential REIT, Inc. common stock on August 21, 2026. The phantom units were disposed of and the resulting common shares are held indirectly through the Stewart J. Paperin Family Trust.
How many ARR phantom stock units did Stewart J. Paperin convert and what did he receive?
He converted 1,900 units of phantom stock into 1,900 shares of common stock of Armour Residential REIT, Inc. Each unit of phantom stock is described as the economic equivalent of one share of ARR common stock.
What are Stewart J. Paperin’s ARR phantom stock holdings after the reported transaction?
After the August 21, 2026 transaction, Stewart J. Paperin holds 28,354 units of phantom stock in Armour Residential REIT, Inc. These units remain as derivative, cash-settled equity equivalents separate from his common stock holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
