Key facts
- This page summarizes Robert E. Cauley's Form 4 filing for Orchid Island Capital, Inc. (ORC).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 13 Apr 2023, 16:30.
Robert E. Cauley - 13 Apr 2023 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- ORC
- Reported as of
- 13 Apr 2023
- Net transaction value
- -$114,560
- SEC form
- 4
- Accepted by SEC
- 13 Apr 2023, 16:30:48 UTC
- Prior SEC filing
- 29 Mar 2023
- Next SEC filing
- 30 May 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robert E. Cauley
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Robert E. Cauley filed Form 4 for Orchid Island Capital, Inc. (ORC) on 13 Apr 2023.
Change
- Previous filing in this sequence was filed on 29 Mar 2023.
- Current net transaction value: -$114,560.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ORC
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +28,448
- Change %
- +62%
- Price
- $0.000000
- Shares after
- 74,046
- Date
- 13 Apr 2023
- Ownership
- Direct
- Footnotes
- F1
ORC
transaction
Common Stock
Tax liability
- Transaction value
- $114,560
- Shares
- -10,424
- Change %
- -14%
- Price
- $10.99
- Shares after
- 63,622
- Date
- 13 Apr 2023
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ORC
transaction
Derivative
Performance Units
Award
- Transaction value
- $0
- Shares
- +28,448
- Change %
- +195%
- Price
- $0.000000
- Shares after
- 43,038
- Date
- 13 Apr 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 28,448
- Exercise price
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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.
Footnote 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.
Footnote F3
This price represents the closing price of the Issuer's common stock on April 12, 2023.
Footnote 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.