Transaction Details

Footnotes

Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock. | On April 28, 2025, the reporting person was granted an aggregate of 60,000 phantom shares under ARMOUR Residential REIT, Inc.'s ("ARMOUR") Third Amended and Restated 2009 Stock Incentive Plan (the "Plan") pursuant to the time-based vesting schedule described as follows. 3,000 phantom shares will vest on each of May 20, August 20, November 20 and February 20, through February 20, 2030, at which time all phantom stock shall have vested. Upon vesting, the reporting person will be entitled to an equal number of shares of ARMOUR common stock within 30 days.