Armour Residential (NYSE: ARR) chair converts phantom stock awards into common shares
Rhea-AI Filing Summary
Armour Residential REIT chairman Daniel C. Staton reported routine equity compensation activity. On May 21, 2026, he elected to convert 1,900 vested units of phantom stock into 1,900 shares of Armour common stock and separately converted 480 vested units into 480 common shares.
Each unit of phantom stock is the economic equivalent of one common share. The converted shares are held indirectly through DM Staton Family Limited Partnership, where Staton is both a general and limited partner and has a pecuniary interest in the shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,380 shares
Net Buy
4 txns
Insider
STATON DANIEL C
Role
Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 1,900 | $0.00 | $0.00 |
| Exercise | Phantom Stock | 480 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,900 | $0.00 | $0.00 |
| Exercise | Common Stock | 480 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 32,244 shares (Direct);
Common Stock — 33,203 shares (Indirect, See Footnote)
Footnotes (4)
- F1. On May 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 five-year periods, 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 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.
- F3. On May 21, 2026, the reporting person elected to convert 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 a six-and-a half year periods, which was reported on Form 4 report filed by the reporting person on January 14, 2021.
- F4. Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
Key Figures
Phantom stock converted (five-year vesting): 1,900 units
Phantom stock converted (six-and-a-half-year vesting): 480 units
Total phantom stock units exercised: 2,380 units
+4 more
7 metrics
Phantom stock converted (five-year vesting)
1,900 units
Converted into 1,900 Armour common shares on May 21, 2026
Phantom stock converted (six-and-a-half-year vesting)
480 units
Converted into 480 Armour common shares on May 21, 2026
Total phantom stock units exercised
2,380 units
Exercise or conversion of derivative securities reported in transaction summary
Common shares after 480-share transaction
33,203 shares
Total common shares following one indirect transaction
Common shares after 1,900-share transaction
32,723 shares
Total common shares following second indirect transaction
Phantom stock after 480-unit exercise
32,244 units
Derivative holdings following one phantom stock exercise
Phantom stock after 1,900-unit exercise
32,724 units
Derivative holdings following second phantom stock exercise
Key Terms
phantom stock, pecuniary interest, Form 4
3 terms
phantom stock financial
"On May 21, 2026, the reporting person elected to convert 1,900 shares of vested phantom stock into 1,900 shares 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.
pecuniary interest financial
"The reporting person has a pecuniary interest in the shares held by DM Staton Family Limited Partnership."
Form 4 regulatory
"which was reported on Form 4 reports filed by the reporting person on February 14, 2023 , December 18, 2025 and May 21, 2026."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Armour Residential (ARR) chairman Daniel Staton report on this Form 4?
Daniel C. Staton reported converting vested phantom stock into Armour common shares. He converted 1,900 units and 480 units of phantom stock into equal numbers of common shares as part of his equity compensation, with no open-market share sales disclosed.
What is phantom stock in the context of Armour Residential (ARR)?
Phantom stock is a compensation instrument economically equivalent to common shares. Each unit of phantom stock in this filing equaled one share of Armour common stock, and vested units were converted into actual shares as part of the chairman’s long-term incentive arrangements.
Over what periods did the Armour Residential (ARR) phantom stock units vest?
The 1,900 converted units relate to phantom stock vesting over five-year periods, previously reported in earlier Forms 4. The 480 converted units relate to phantom stock vesting over a six-and-a-half-year period, also disclosed in prior Form 4 reports.