Form 4 for ORC Orchid Island Capital, Inc.
Accepted 2023-04-13 00:00:00 ET · period of report 2023-04-13 · accession 0001437749-23-010189 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-04-13 | 2023-04-13 | ORC | Haas G Hunter IV | CFO, Dir | A - Grant | $0.00 | +21.7K | 58.5K | +59% | $0 |
| D | 2023-04-13 | 2023-04-13 | ORC | Haas G Hunter IV | CFO, Dir | F - Tax | $10.99 | -7,972 | 50.5K | -14% | -$87.6K |
| D | 2023-04-13 | 2023-04-13 | ORC | Haas G Hunter IV | CFO, Dir | A - Grant | $0.00 | +21.7K | 32.8K | +195% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-04-13 | A | A | 21,679 | $0.00 | 58,492 | D | — | — | (F1) Unrestricted shares of the Issuer's common stock issued under the 2021 Equity Incentive Compensation Plan and the 2018 Long-Term Incentive Compensation Plan, the 2020 Long-Term Incentive Compensation Plan and the 2022 Long-Term Incentive Compensation Plan. |
| 2 | Common | Common Stock | 2023-04-13 | F | D | 7,972 | $10.99 | 50,520 | D | — | — | (F2) The Reporting Person disposed of these shares of the Issuer's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the awarding of shares that occurred on April 13, 2023. (F3) This price represents the closing price of the Issuer's common stock on April 12, 2023. |
| 3 | Derivative | Performance Units | 2023-04-13 | A | A | 21,679 | $0.00 | 32,798 | D | — · — to — | 21,679 Common Stock | (F4) Performance units issued under the 2021 Equity Incentive Compensation Plan and the 2018 Long-Term Incentive Compensation Plan, the 2020 Long-Term Incentive Compensation Plan and the 2022 Long Term Incentive Compensation Plan. Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units are earned at the rate of 10% per quarter commencing with the quarter ending March 31, 2024 and concluding with the quarter ending June 30, 2026. The number of performance units actually earned by the Reporting Person is subject to adjustment based on the Issuer's achievement of certain performance goals as set forth in a performance unit award agreement by and between the Issuer and the Reporting Person. |