Form 4: Armour Residential REIT Director Converts Phantom Stock to Common Stock
SEC Filing
Director Z. Jamie Behar converted 520 shares of vested phantom stock into 520 shares of Armour Residential REIT common stock on August 22, 2024.
Summary
- On August 22, 2024, Z. Jamie Behar, a director of Armour Residential REIT, Inc., converted 520 shares of vested phantom stock into 520 shares of common stock.
- The conversion was reported on a Form 4 filing with the SEC.
- Following the transaction, Behar directly owns 9,861 shares of common stock.
- Behar also holds 5,840 derivative securities (phantom stock) after the reported transaction.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an insider transaction, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 01/14/2021 | Date of previous Form 4 report regarding phantom stock vesting. |
| 02/14/2023 | Date of previous Form 4 report regarding phantom stock vesting. |
| 08/22/2024 | Date of transaction: conversion of phantom stock to common stock. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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