Form 4: Armour Residential REIT Director Hollihan Converts Phantom Stock to Common Stock and Cash for Tax Obligations
SEC Form 4 Filing
Director John P. Hollihan III converted vested phantom stock into common stock and cash to cover income taxes on May 22, 2024.
Summary
- On May 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 related to the vested stock.
- Following these transactions, Hollihan directly owns 11,561 shares of common stock and 6,360 units of phantom stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing reflects routine transactions by a company insider and doesn't necessarily indicate broader trends in the REIT industry.
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. |
| 05/22/2024 | Date of transaction: conversion of phantom stock to common stock and cash. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
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