G. Hunter Haas IV - Dec 26, 2023 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Signature
/s/ G. Hunter Haas, IV
Stock symbol
ORC
Transactions as of
Dec 26, 2023
Transactions value $
-$4,962
Form type
4
Date filed
12/27/2023, 07:06 PM
Previous filing
Dec 20, 2023
Next filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $0 +1.54K +2.94% $0.00 54K Dec 26, 2023 Direct F1
transaction ORC Common Stock Tax liability -$4.96K -577 -1.07% $8.60 53.4K Dec 26, 2023 Direct F2, F3

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 Performance Units Options Exercise $0 -1.54K -5.19% $0.00 28.2K Dec 26, 2023 Common Stock 1.54K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent 690 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 852 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 December 22, 2023.
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 December 22, 2023.