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: 29 Sep 2022, 17:50.
Robert E. Cauley - 27 Sep 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- ORC
- Reported as of
- 27 Sep 2022
- Net transaction value
- -$1,533
- SEC form
- 4
- Accepted by SEC
- 29 Sep 2022, 17:50:51 UTC
- Prior SEC filing
- 05 Jul 2022
- Next SEC filing
- 18 Nov 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 Sep 2022.
Change
- Previous filing in this sequence was filed on 05 Jul 2022.
- Current net transaction value: -$1,533.
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
- +1,065
- Change %
- +2.6%
- Price
- $0.000000
- Shares after
- 42,784
- Date
- 27 Sep 2022
- Ownership
- Direct
- Footnotes
- F1, F4
ORC
transaction
Common Stock
Tax liability
- Transaction value
- $1,533
- Shares
- -150
- Change %
- -0.35%
- Price
- $10.22
- Shares after
- 42,634
- Date
- 27 Sep 2022
- 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
Options Exercise
- Transaction value
- $0
- Shares
- -1,066
- Change %
- -4.9%
- Price
- $0.000000
- Shares after
- 20,612
- Date
- 27 Sep 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,066
- Exercise price
- Footnotes
- F1, 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 1,065 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 September 23, 2022.
Footnote F2
The price represents the closing price of the Company's common stock on September 23, 2022.
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 vesting of shares.
Footnote F4
The number of shares of common stock reflects the one-for-five reverse stock split, effective as of August 30, 2022.
Footnote F5
The number of shares of common stock issuable upon the vesting of the remaining outstanding Performance Units was reduced as a result of the book value impairment event that occurred pursuant to the Company's Long Term Incentive Compensation Plans (the "Plans"). A book value impairment event occurs if the Company's book value per share declines by more than 15% during the quarter ended March 31, 2022 and the Company's book value per share decline from January 1, 2022 to June 30, 2022 was more than 10%. The Plans provide that if such a book value impairment event occurs, then the number of outstanding performance units that are outstanding as of the last day of such two quarter period shall be reduced by 15%.