Form 4: Armour Residential REIT Director Acquires Shares as Part of Compensation Plan
SEC Form 4
Carolyn Downey, a director at Armour Residential REIT, acquired 874 shares of common stock on January 2, 2025, as part of her quarterly compensation.
Summary
- On January 2, 2025, Carolyn Downey, a director of Armour Residential REIT, acquired 874 shares of the company's common stock.
- The acquisition was part of her quarterly compensation for serving on the Board of Directors.
- Downey elected to receive $16,500 of her total quarterly compensation in common stock, which is equivalent to $66,000 annually.
- The price per share was $18.86.
- Following the transaction, Downey directly owns 20,383 shares of Armour Residential REIT.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction related to director compensation. The director taking compensation in stock is a mildly positive signal.
Positives
- Director's decision to take compensation in stock shows confidence in the company.
Industry Context
This type of transaction is common for directors who are compensated with company stock, aligning their interests with shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Carolyn Downey acquired 874 shares of ARMOUR common stock. |
| 01/03/2025 | Date of signature for the SEC Form 4 filing. |
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