Armour Residential REIT CIO exercises 4,000 units
Armour Residential REIT, Inc. (ARR) reported that Co-Chief Investment Officer Sergey Losyev exercised 4,000 units of phantom stock on August 21, 2026.
Rhea-AI Filing Summary
Armour Residential REIT, Inc. (ARR) reported that Co-Chief Investment Officer Sergey Losyev exercised 4,000 units of phantom stock on August 21, 2026. Each phantom unit is the economic equivalent of one share of common stock. He converted 2,882 units into 2,882 shares of common stock and converted the remaining 1,118 units into cash solely to pay income taxes on the vested stock. Following the transaction, he held 68,500 phantom stock units. Separately, 60.539 common shares are held in his self-directed rollover IRA account, of which 7.695 shares were acquired through dividend reinvestment since March 28, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,000 shares exercised/converted
Exercise
3 txns
Insider
Losyev Sergey
Role
Co-Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock F3, F1 | 4,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 4,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1, F2 | 1,118 | $16.32 | $18K |
Holdings After Transaction:
Phantom Stock — 68,500 contracts (Direct);
Common Stock — 8,951.539 shares (Direct)
Footnotes (3)
- F1. On August 21, 2026, the reporting person elected to convert 2,882 of the 4,000 shares of vested phantom stock into 2,882 shares of ARMOUR common stock. The reporting person elected to convert the remaining 1,118 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 4,000 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 April 30, 2025 and June 18, 2026.
- F2. 60.539 share are held in reporting person's self-directed rollover IRA account. 7.695 of which were acquired through dividend reinvestment since March 28, 2024.
- F3. Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
Key Figures
Phantom stock units exercised: 4,000 units
Phantom stock units following transaction: 68,500 units
Units converted into common stock: 2,882 units
+4 more
7 metrics
Phantom stock units exercised
4,000 units
Units of phantom stock converted on August 21, 2026
Phantom stock units following transaction
68,500 units
Phantom stock holdings after the August 21, 2026 exercise
Units converted into common stock
2,882 units
Vested phantom stock converted into common shares
Units converted into cash for taxes
1,118 units
Vested phantom stock converted into cash to pay income taxes
Tax-related disposition price
$16.32 per share
Code F transaction for 1,118 common shares on August 21, 2026
IRA account shares
60.539 shares
Common shares held in self-directed rollover IRA
Dividend reinvestment shares in IRA
7.695 shares
Portion of IRA shares acquired via dividend reinvestment since March 28, 2024
Key Terms
Phantom Stock, economic equivalent, self-directed rollover IRA, dividend reinvestment, +1 more
5 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"
self-directed rollover IRA financial
"60.539 share are held in reporting person's self-directed rollover IRA account"
dividend reinvestment financial
"7.695 of which were acquired through dividend reinvestment since March 28, 2024"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
payment of tax liability financial
"Payment of tax liability by delivering or withholding securities"
FAQ
What insider transaction did ARR's Co-Chief Investment Officer report on this Form 4?
Sergey Losyev reported exercising 4,000 units of phantom stock on August 21, 2026. He converted 2,882 units into 2,882 shares of Armour Residential REIT common stock and converted 1,118 units into cash solely to pay income taxes on the vested stock.
How many phantom stock units does ARR insider Sergey Losyev hold after the August 21, 2026 transaction?
After the transaction, Sergey Losyev held 68,500 units of phantom stock. Each unit of phantom stock is described as the economic equivalent of one share of Armour Residential REIT common stock.
Were the ARR insider transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed for these transactions, and no footnote states that they were effected pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
