Form 4 for ORC Orchid Island Capital, Inc.
Accepted 2023-09-28 00:00:00 ET · period of report 2023-09-26 · accession 0001437749-23-027047 · 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 | 2023-09-28 | 2023-09-26 | ORC | Cauley Robert E | CEO, Dir | F - Tax | $8.99 | -359 | 67.3K | -0.5% | -$3,227 |
| D | 2023-09-28 | 2023-09-26 | ORC | Cauley Robert E | CEO, Dir | M - OptEx | $0.00 | +2,023 | 67.7K | +3% | $0 |
| D | 2023-09-28 | 2023-09-26 | ORC | Cauley Robert E | CEO, Dir | M - OptEx | $0.00 | -2,024 | 39.0K | -5% | $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 | 2023-09-26 | F | D | 359 | $8.99 | 67,309 | D | — | — | (F2) The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares. (F3) This price represents the closing price of the Issuer's common stock on September 25, 2023. |
| 2 | Common | Common Stock | 2023-09-26 | M | A | 2,023 | $0.00 | 67,668 | D | — | — | (F1) These shares represent 906 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2020 Long Term Equity Incentive Compensation Plan, and 1,117 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 28, 2022 pursuant to the Issuer's 2021 Long Term Incentive Compensation Plan and 2021 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on September 25, 2023. |
| 3 | Derivative | Performance Units | 2023-09-26 | M | D | 2,023.82 | $0.00 | 38,990.40 | D | — · — to — | 2,023.82 Common Stock | (F1) These shares represent 906 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2020 Long Term Equity Incentive Compensation Plan, and 1,117 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 28, 2022 pursuant to the Issuer's 2021 Long Term Incentive Compensation Plan and 2021 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on September 25, 2023. |