Form 4: Armour Residential REIT Director, Marc H. Bell, Converts Phantom Stock to Common Stock
SEC Form 4
Director Marc H. Bell converted phantom stock into common stock in Armour Residential REIT, Inc.
Summary
- On May 22, 2024, Marc H. Bell, a director of Armour Residential REIT, Inc., converted phantom stock into common stock.
- Bell converted 700 shares of vested phantom stock into 700 shares of Armour common stock.
- Additionally, Bell converted 480 shares of vested phantom stock into 480 shares of Armour common stock.
- Following these transactions, Bell directly owns 18,438 shares of Armour common stock and 12,590 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a company insider's transactions in the company's securities. It provides transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The conversion of phantom stock to common stock may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/16/2020 | Date of previous Form 4 filing regarding phantom stock vesting. |
| 01/14/2021 | Date of previous Form 4 filing regarding phantom stock vesting. |
| 02/14/2023 | Date of previous Form 4 filing regarding phantom stock vesting. |
| 05/22/2024 | Date of transaction: Conversion of phantom stock to common stock. |
| 05/23/2024 | Date of Form 4 signature. |
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