The estimated Net Worth of Mark Gruber is at least $878 Thousand dollars as of 22 February 2024. Mr. Gruber owns over 1,660 units of ARMOUR Residential REIT Inc stock worth over $485,677 and over the last 11 years he sold ARR stock worth over $0. In addition, he makes $392,160 as Chief Investment Officer at ARMOUR Residential REIT Inc.
Mark has made over 36 trades of the ARMOUR Residential REIT Inc stock since 2016, according to the Form 4 filled with the SEC. Most recently he exercised 1,660 units of ARR stock worth $34,179 on 22 February 2024.
The largest trade he's ever made was exercising 8,300 units of ARMOUR Residential REIT Inc stock on 22 August 2023 worth over $170,897. On average, Mark trades about 1,999 units every 48 days since 2013. As of 22 February 2024 he still owns at least 23,588 units of ARMOUR Residential REIT Inc stock.
You can see the complete history of Mr. Gruber stock trades at the bottom of the page.
Mark R. Gruber serves as Chief Investment Officer of the Company. He as been the Chief Investment Officer of ARMOUR since March 2018 and was the Chief Operating Officer from September 2013 until March 2020. Mr. Gruber was also the Head of Portfolio Management of ACM (and its predecessor, ARRM) since June 2010 and its Chief Operating Officer from September 2013 until March 2020. Mr. Gruber was Head of Portfolio Management from 2012 to March 2018 when he became its Chief Investment Officer. Mr. Gruber has also served as a manager of LANCE, since its inception in May 2014. Mr. Gruber has also served as the Head of Portfolio Management of SBBC since January 2015. Mr. Gruber is a member of BUCKLER and also serves as Chief Operations Officer for BUCKLER. From April 2008 until joining ACM in June 2010, Mr. Gruber managed an approximately $1.1 billion mortgage portfolio for Penn Mutual Life Insurance. From June 2005 to March 2008, Mr. Gruber was Vice-President of Research and Trading at Bimini Capital Management, Inc., a publicly traded REIT that managed approximately $4 billion in agency mortgage assets. Mr. Gruber previously worked for Lockheed Martin at the Knolls Atomic Power Laboratory where he was an engineer for the Naval Nuclear Propulsion Program. Mr. Gruber holds an M.B.A. degree with University Honors from the Tepper School of Business at Carnegie Mellon, an M.S. degree in Mechanical and Aerospace Engineering from the University of Virginia, and a B.S. degree in Mechanical Engineering with High Honors from Lehigh University.
As the Chief Investment Officer of ARMOUR Residential REIT Inc, the total compensation of Mark Gruber at ARMOUR Residential REIT Inc is $392,160. There are 2 executives at ARMOUR Residential REIT Inc getting paid more, with Jeffrey Zimmer having the highest compensation of $793,000.
Mark Gruber is 44, he's been the Chief Investment Officer of ARMOUR Residential REIT Inc since 2020. There are 18 older and no younger executives at ARMOUR Residential REIT Inc. The oldest executive at ARMOUR Residential REIT Inc is Stewart Paperin, 72, who is the Independent Director.
Mark's mailing address filed with the SEC is 3001 OCEAN DRIVE, SUITE 201, VERO BEACH, FL, 32963.
Over the last 15 years, insiders at ARMOUR Residential REIT Inc have traded over $10,915,847 worth of ARMOUR Residential REIT Inc stock and bought 1,781,484 units worth $16,414,436 . The most active insiders traders include Marc H Bell, Jeffrey J Zimmer, and Scott Ulm. On average, ARMOUR Residential REIT Inc executives and independent directors trade stock every 12 days with the average trade being worth of $251,980. The most recent stock trade was executed by Gordon Harper on 22 August 2024, trading 2,100 units of ARR stock currently worth $43,239.
ARMOUR Residential REIT, Inc. (NYSE: ARR) is a Maryland corporation incorporated in 2008. ARMOUR and its subsidiaries are managed by ARMOUR Capital Management LP, an investment advisor registered with the SEC. We invest primarily in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored entity, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, “Agency Securities”). Our Agency Securities consist primarily of fixed rate loans. The remaining are either backed by hybrid adjustable rate or adjustable rate loans. From time to time we may also invest in Interest-Only Securities, U.S. Treasury Securities and money market instruments.
ARMOUR Residential REIT Inc executives and other stock owners filed with the SEC include: