Paula Morabito - 03 Jan 2023 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Director
Signature
/s/ Paula Morabito
Issuer symbol
ORC
Transactions as of
03 Jan 2023
Net transactions value
$0
Form type
4
Filing time
03 Jan 2023, 16:36:37 UTC
Previous filing
03 Apr 2023
Next filing
05 Jul 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORC Deferred Stock Units Award $0 +1,785 +14% $0.000000 14,813 03 Jan 2023 Common Stock 1,785 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
F2 The reported shares represent deferred stock units granted in lieu of cash compensation. The shares are issuable on the earlier to occur of death, disability, a change in control or separation from service.
F3 The deferred stock units are 100% vested but do not become payable until the reporting person's separation from service as a director of the Issuer.