Armour REIT (NYSE: ARR) director now holds 17,344 shares
Rhea-AI Filing Summary
Armour Residential REIT, Inc. (ARR) director Z Jamie Behar reported an internal equity compensation event involving vested phantom stock. On August 21, 2026, Behar exercised 1,900 units of phantom stock, each economically equivalent to one ARR common share, converting them into 1,900 shares of common stock. Following the transaction, Behar directly held 17,344 common shares and 28,354 phantom stock units. The phantom stock units relate to awards vesting over five years previously reported on prior Form 4 filings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,900 shares
Net Buy
2 txns
Insider
Behar Z Jamie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock F2, F1 | 1,900 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share F1 | 1,900 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 28,354 shares (Direct);
Common Stock, par value $0.001 per share — 17,344 shares (Direct)
Footnotes (2)
- 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. 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 acquired from conversion: 1,900 shares
Common stock holdings after transaction: 17,344 shares
+3 more
6 metrics
Phantom stock units converted
1,900 units
Vested phantom stock converted on August 21, 2026
Common shares acquired from conversion
1,900 shares
ARR common stock received from phantom stock conversion on August 21, 2026
Common stock holdings after transaction
17,344 shares
Direct ARR common shares held by Z Jamie Behar following the August 21, 2026 transaction
Phantom stock units remaining after transaction
28,354 units
Direct phantom stock units held after the August 21, 2026 conversion
Transaction price per share
$0.00 per share
Reported for both the phantom stock derivative and resulting common stock on August 21, 2026
Exercise transactions
1 exercise; 1,900 shares
Summary of derivative exercises in this Form 4
Key Terms
phantom stock, economic equivalent, vested phantom stock
3 terms
phantom stock financial
"elected to convert 1,900 shares of vested phantom stock into 1,900 shares"
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"
vested phantom stock financial
"convert 1,900 shares of vested phantom stock into 1,900 shares"
FAQ
What insider transaction did ARR director Z Jamie Behar report on this Form 4?
Z Jamie Behar reported exercising 1,900 units of phantom stock on August 21, 2026, converting them into 1,900 shares of Armour Residential REIT, Inc. common stock. Each phantom stock unit is the economic equivalent of one common share.
What happened to the phantom stock units in this ARR Form 4 filing?
On August 21, 2026, Z Jamie Behar converted 1,900 vested phantom stock units into 1,900 ARR common shares. These units are part of a phantom stock award vesting over five years that had been disclosed in earlier Form 4 reports.
What is the economic relationship between ARR phantom stock and common stock?
Each unit of phantom stock reported by Armour Residential REIT, Inc. is described as the economic equivalent of one share of ARR common stock, meaning its value tracks the value of a single common share.
Does this ARR Form 4 indicate any open-market buying or selling by Z Jamie Behar?
No. The Form 4 reports a conversion of 1,900 phantom stock units into 1,900 common shares at a reported price of $0.00 per share, reflecting an equity award conversion rather than an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
