Armour Residential REIT CFO Gordon Harper Phantom Stock Conversion and Stock Sale

On May 21, 2026, Armour Residential REIT CFO Gordon Harper converted 4,000 shares of vested phantom stock. Of these, 2,679 shares were converted into common stock of ARMOUR (ARR), while the remaining 1,321 shares were converted to cash at $16.47 per share solely to cover income taxes on the vested stock. The conversion resulted in Harper acquiring 4,000 shares of common stock at $0 per share and simultaneously selling 1,321 shares at $16.47. Following these transactions, Harper's direct holdings decreased from 30,637 to 29,316 shares of common stock, while his phantom stock holdings decreased to 54,600 units. The phantom stock units represent the economic equivalent of common shares and were part of multiple vesting schedules reported in prior Form 4 filings dating back to 2021.