SEC Filing Summary

Daniel C. Staton, Chairman of the Board of Armour Residential REIT, Inc., was granted 17,140 phantom shares under the company's Fourth Amended and Restated 2009 Stock Incentive Plan. These shares will vest over a five-year period, with 857 shares vesting quarterly from May 20, 2026, through February 20, 2031. Upon vesting, Staton will receive an equal number of Armour common shares within 30 days. The unvested shares will vest immediately upon death, disability, or change in control, but will be forfeited upon termination of service. If Staton retires or resigns with a combined age and service of 70+, he can retain unvested awards subject to certain conditions. Each phantom share is economically equivalent to one common share, and Staton is entitled to cash dividends or equivalent stock, with options for tax withholding. Following this transaction, Staton holds 34,624 shares.