Armour REIT (NYSE: ARR) director withholds shares for taxes
Rhea-AI Filing Summary
Armour Residential REIT, Inc. (ARR) director Carolyn Downey reported an August 21, 2026 transaction involving phantom stock and common shares. She exercised 1,900 units of phantom stock, receiving 950 shares of common stock and converting the remaining 950 units into cash solely to pay income taxes. After the exercise, she held 28,354 units of phantom stock directly.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 950 shares
Net Buy
3 txns
Insider
Downey Carolyn
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 |
| Tax Withholding | Common Stock, par value $0.001 per share F1 | 950 | $16.32 | $16K |
Holdings After Transaction:
Phantom Stock — 28,354 shares (Direct);
Common Stock, par value $0.001 per share — 29,769 shares (Direct)
Footnotes (2)
- F1. On August 21, 2026 , the reporting person elected to convert 950 of the 1,900 shares of vested phantom stock into 950 shares of ARMOUR common stock. The reporting person elected to convert the remaining 950 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1900 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. Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
Key Figures
Phantom stock units exercised: 1,900 units
Common shares received from conversion: 950 shares
Phantom stock units converted to cash: 950 units
+3 more
6 metrics
Phantom stock units exercised
1,900 units
Units of phantom stock converted on August 21, 2026
Common shares received from conversion
950 shares
Shares of common stock received from phantom stock conversion on August 21, 2026
Phantom stock units converted to cash
950 units
Converted solely to pay income taxes on vested stock
Phantom stock units held after transaction
28,354 units
Direct phantom stock holdings following the reported exercise
Tax-withholding shares
950 shares
Common shares delivered or withheld to pay income taxes
Tax-withholding price per share
$16.32 per share
Price used for 950 common shares delivered or withheld for taxes
Key Terms
phantom stock, economic equivalent, Form 4
3 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"
Form 4 regulatory
"which was reported on Form 4 reports filed by the reporting person"
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.
FAQ
What did ARR director Carolyn Downey report in this Form 4?
She reported exercising 1,900 units of phantom stock on August 21, 2026, receiving 950 shares of Armour Residential REIT, Inc. common stock and converting the remaining 950 units into cash solely to pay income taxes on the vested stock.
How many ARR phantom stock units did Carolyn Downey exercise and what did she receive?
She exercised 1,900 units of phantom stock, receiving 950 shares of common stock and converting 950 units into cash to cover income taxes, according to the footnote.
How many ARR phantom stock units does Carolyn Downey hold after this transaction?
Following the August 21, 2026 exercise, Carolyn Downey directly held 28,354 units of phantom stock, as reported in the Form 4 derivative holdings field.
What is the economic relationship between ARR phantom stock and common stock in this filing?
Each unit of phantom stock is described as the economic equivalent of one share of Armour Residential REIT, Inc. common stock, meaning its value tracks the value of a single common share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
