Director at Armour Residential REIT (NYSE: ARR) takes quarterly pay in 989 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Downey Carolyn reported acquisition or exercise transactions in this Form 4 filing.

Armour Residential REIT director Carolyn Downey reported a routine stock-based compensation grant. On April 1, she received 989 shares of common stock at $16.68 per share as part of her quarterly compensation for serving on the Board of Directors.

Downey may elect to receive $16,500 of her quarterly, or $66,000 of her annual, director compensation in stock, cash, or a mix of both. After this grant, she directly owns 26,924 shares of Armour Residential REIT common stock. This filing reflects compensation, not an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Downey Carolyn

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share	989	$16.68	$16K

Holdings After Transaction: Common Stock, par value $0.001 per share — 26,924 shares (Direct)

Footnotes (1)

[object Object]

Key Figures

Compensation shares granted: 989 shares Grant price per share: $16.68 per share Elective quarterly compensation: $16,500 +2 more

5 metrics

Compensation shares granted 989 shares Common stock grant on April 1, 2026

Grant price per share $16.68 per share Value of common stock compensation

Elective quarterly compensation $16,500 Portion of director fees that may be taken in stock or cash

Elective annual compensation $66,000 Annualized elective portion of director compensation

Shares owned after transaction 26,924 shares Direct holdings following the April 1 grant

Key Terms

quarterly compensation, grant, award, or other acquisition, Common Stock, par value $0.001 per share, Board of Directors

4 terms

quarterly compensation financial

"pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors"

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

Board of Directors financial

"service on ARMOUR's Board of Directors. The reporting person may elect"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 04:08 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Downey Carolyn

(Last)

(First)

(Middle)

3001 OCEAN DRIVE

SUITE 201

(Street)

VERO BEACH

FLORIDA

32963

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Armour Residential REIT, Inc. [ ARR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	04/01/2026		A		989	A⁽¹⁾	$16.68	26,924	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On April 1, 2026, the reporting person received 989 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 989 shares of stock represent the reporting person's election of stock compensation for the past quarter.

Remarks:

	/s/ Carolyn Downey	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ARR director Carolyn Downey report?

Carolyn Downey reported receiving 989 shares of Armour Residential REIT common stock as director compensation. The shares were granted on April 1 as part of her quarterly board fees, reflecting stock-based compensation rather than an open-market share purchase.

Was Carolyn Downey buying ARR stock on the open market?

No, Carolyn Downey did not buy shares on the open market. She received 989 Armour Residential REIT shares as a scheduled compensation grant, elected in stock form instead of cash for her quarterly director fees.

How is ARR board compensation structured for Carolyn Downey?

For Carolyn Downey, $16,500 of each quarterly director compensation payment can be taken in cash, Armour Residential REIT common stock, or a combination. The 989-share grant represents her election to receive this portion of the past quarter’s fees in stock.

How many ARR shares does Carolyn Downey own after this grant?

After receiving 989 shares as compensation, Carolyn Downey directly owns 26,924 shares of Armour Residential REIT common stock. This total reflects her holdings following the reported transaction on April 1, as shown in the Form 4 filing data.

What does transaction code "A" mean in this ARR Form 4?

In this Armour Residential REIT Form 4, transaction code “A” indicates a grant or award acquisition. It shows that the 989 shares reported were received as non-market compensation, not purchased or sold through open-market trading activity.