Key facts
- This page summarizes Robert E. Cauley's Form 4 filing for Orchid Island Capital, Inc. (ORC).
- 5 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 29 Mar 2022, 19:06.
Robert E. Cauley - 25 Mar 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- ORC
- Reported as of
- 25 Mar 2022
- Net transaction value
- -$96,062
- SEC form
- 4
- Accepted by SEC
- 29 Mar 2022, 19:06:14 UTC
- Prior SEC filing
- 01 Jul 2021
- Next SEC filing
- 05 Jul 2022
- 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 29 Mar 2022.
Change
- Previous filing in this sequence was filed on 01 Jul 2021.
- Current net transaction value: -$96,062.
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
Options Exercise
- Transaction value
- $0
- Shares
- +6,270
- Change %
- +4.2%
- Price
- $0.000000
- Shares after
- 154,722
- Date
- 25 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
ORC
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +77,352
- Change %
- +50%
- Price
- $0.000000
- Shares after
- 232,074
- Date
- 28 Mar 2022
- Ownership
- Direct
- Footnotes
- F2
ORC
transaction
Common Stock
Tax liability
- Transaction value
- $96,062
- Shares
- -28,590
- Change %
- -12%
- Price
- $3.36
- Shares after
- 203,484
- Date
- 28 Mar 2022
- Ownership
- Direct
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ORC
transaction
Derivative
Performance Units
Options Exercise
- Transaction value
- $0
- Shares
- -6,270
- Change %
- -10%
- Price
- $0.000000
- Shares after
- 56,434
- Date
- 25 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 6,270
- Exercise price
- Footnotes
- F1
ORC
transaction
Derivative
Performance Units
Award
- Transaction value
- $0
- Shares
- +77,352
- Change %
- +137%
- Price
- $0.000000
- Shares after
- 133,786
- Date
- 28 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 77,352
- Exercise price
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
These shares represent 6,270 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. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on March 25, 2022.
Footnote F2
Unrestricted shares of the Issuer's common stock issued under the 2021 Equity Incentive Compensation Plan and the 2017 Long-Term Incentive Compensation Plan, the 2019 Long-Term Incentive Compensation Plan and the 2021 Long-Term Incentive Compensation Plan.
Footnote F3
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 awarding of shares that occurred on March 28, 2022.
Footnote F4
The price represents the closing price of the Company's common stock on March 28, 2022.
Footnote F5
Performance units issued under the 2021 Equity Incentive Compensation Plan and the 2017 Long-Term Incentive Compensation Plan, the 2019 Long-Term Incentive Compensation Plan and the 2021 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, 2023 and concluding with the quarter ending June 30, 2025. 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.