Form 4: Armour Residential REIT Director Hollihan Converts Phantom Stock and Pays Taxes
SEC Form 4 Filing
Director John P. Hollihan III converted phantom stock into common stock and cash to cover income taxes on August 22, 2024.
Summary
- On August 22, 2024, John P. Hollihan III, a director of Armour Residential REIT, Inc., converted 520 shares of vested phantom stock.
- 312 shares were converted into ARMOUR common stock.
- The remaining 208 shares were converted into cash to cover income taxes.
- Following the transaction, Hollihan directly owns 11,873 shares of common stock and 5,840 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves the conversion of existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| 01/16/2020 | 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 and cash. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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