ARMOUR (ARR) Chairman Converts Phantom Stock into 1,000 Common Shares
Rhea-AI Filing Summary
Daniel C. Staton, Chairman and 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 units into 520 shares and 480 vested units into 480 shares, each unit being the economic equivalent of one ARMOUR common share. Following those conversions the filing reports beneficial ownership totals of 27,780 shares (indirect) and 28,260 shares (indirect) on the two non-derivative reporting lines, reflecting holdings through DM Staton Family Limited Partnership.
The filing also shows derivative holdings changes: the conversions reduced phantom stock balances and resulted in reported derivative beneficial ownership of 7,670 shares (direct) and 7,190 shares (direct) in Table II. Footnotes state the reporting person is a general and limited partner of DM Staton Family Limited Partnership and has a pecuniary interest in the partnership's shares. The Form 4 is signed by Mr. Staton on August 22, 2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider converted vested phantom units into common stock, modestly increasing reported common shares while retaining indirect family LP holdings.
The conversions on 08/21/2025 reflect routine settlement of vested phantom stock into common shares rather than open-market purchases or sales. The increase in non-derivative reported shares (lines showing 27,780 and 28,260 beneficially owned indirectly) arises from conversion elections and ownership through DM Staton Family Limited Partnership. The derivative table shows direct phantom-related positions of 7,670 and 7,190 shares post-conversion, indicating remaining outstanding phantom units. This filing is administrative in nature and has limited immediate market impact.
TL;DR: Reporting person exercised customary conversion rights under compensation plan; disclosure clarifies indirect family LP holdings and pecuniary interest.
The Form 4 transparently discloses that conversions relate to previously reported multi-year vesting phantom stock awards. The filing notes the reporting persons roles as Chairman and director and confirms indirect ownership via a family limited partnership with pecuniary interest, which is important for conflict-of-interest transparency. No evidence of atypical timing or related-party transfers is shown; this appears consistent with executive compensation settlement practices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 520 | $0.00 | -- |
| Exercise | Phantom Stock | 480 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 520 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 480 | $0.00 | -- |
Footnotes (1)
- On August 21, 2025, the reporting person elected to convert 520 shares of vested phantom stock into 520 shares of ARMOUR common stock. The 520 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 January 14, 2021 and February 14, 2023. 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. On August 21, 2025, the reporting person elected to convert 480 of the 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 five-year periods, which was reported on Form 4 reports filed by the reporting person on January 14, 2021. Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
