Armour Residential REIT (ARR) director converts 1,900 phantom stock units into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Armour Residential REIT director Z Jamie Behar exercised phantom stock into common shares. On May 21, 2026, Behar converted 1,900 vested phantom stock units into 1,900 shares of Armour common stock, a compensation-related derivative exercise rather than an open-market trade. Following the transaction, Behar directly holds 15,444 common shares and 30,254 phantom stock units, each economically equivalent to one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,900 shares exercised/converted
Mixed
2 txns
Insider
Behar Z Jamie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 1,900 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 1,900 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 30,254 shares (Direct, null);
Common Stock, par value $0.001 per share — 15,444 shares (Direct, null)
Footnotes (1)
- 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 a five-year period, which was reported on a Form 4 filed by the reporting person on February 14, 2023, December 18, 2025 and May 21, 2026. Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
Key Figures
Phantom units converted: 1,900 units
Common shares received: 1,900 shares
Common shares after transaction: 15,444 shares
+2 more
5 metrics
Phantom units converted
1,900 units
Converted into common stock on May 21, 2026
Common shares received
1,900 shares
Shares of Armour Residential REIT common stock acquired via conversion
Common shares after transaction
15,444 shares
Direct common stock holdings following the May 21, 2026 exercise
Phantom stock units after transaction
30,254 units
Remaining phantom stock position after 1,900-unit conversion
Exercise transactions
1 transaction, 1,900 shares
Derivative exercise count and shares from transactionSummary
Key Terms
Phantom Stock, economic equivalent, derivative exercise/conversion, Form 4
4 terms
Phantom Stock financial
"The 1,900 shares are part of, and relate to, phantom stock vesting over a five-year period"
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 of ARMOUR common stock"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Form 4 regulatory
"which was reported on a Form 4 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 insider transaction did Armour Residential REIT (ARR) report for Z Jamie Behar?
Armour Residential REIT reported that director Z Jamie Behar converted 1,900 vested phantom stock units into 1,900 shares of common stock. This was a derivative exercise tied to prior equity awards, not an open-market purchase or sale of ARR shares.
Was the Z Jamie Behar Form 4 for Armour Residential REIT (ARR) a stock sale or purchase?
The Form 4 for Z Jamie Behar did not show an open-market sale or purchase. It reported the exercise and conversion of 1,900 phantom stock units into 1,900 common shares, reflecting compensation-related equity settlement rather than a discretionary trade in ARR stock.
What is phantom stock in the context of Armour Residential REIT (ARR) insider filings?
In this filing, each unit of phantom stock is the economic equivalent of one share of Armour Residential REIT common stock. It represents a deferred equity-based award that can be converted into common shares, as seen in the 1,900-unit conversion on May 21, 2026.
How many phantom stock units does Z Jamie Behar hold in Armour Residential REIT (ARR) after the Form 4 transaction?
Following the May 21, 2026 exercise, Z Jamie Behar holds 30,254 phantom stock units. These units vest over a five-year period and are economically equivalent to Armour Residential REIT common shares, according to the footnote disclosure in the Form 4.