[Form 4] Orchid Island Capital, Inc. Insider Trading Activity
Ava L. Parker, a director of Orchid Island Capital, Inc. (ORC), reported receipt of 1,493 deferred stock units on 08/28/2025 issued in lieu of her monthly dividend election. Each deferred stock unit equals one share of the issuer's common stock and the filing reports 89,467 shares beneficially owned by Ms. Parker after the transaction. The units are fully vested but are not payable until the earlier of a change of control, death, disability, or separation from service as a director.
Ava L. Parker, membro del consiglio di amministrazione di Orchid Island Capital, Inc. (ORC), ha dichiarato di aver ricevuto 1.493 unità azionarie differite il 28/08/2025, emesse in sostituzione della sua scelta mensile di dividendo. Ciascuna unità differita corrisponde a una azione ordinaria della società e la comunicazione indica che, al termine dell’operazione, la sig.ra Parker detiene beneficiariamente 89.467 azioni. Le unità sono completamente maturate ma saranno liquidate solo al verificarsi del primo tra: cambio di controllo, morte, invalidità o cessazione dell’incarico come amministratore.
Ava L. Parker, directora de Orchid Island Capital, Inc. (ORC), informó la recepción de 1.493 unidades de acciones diferidas el 28/08/2025, emitidas en lugar de su elección mensual de dividendo. Cada unidad diferida equivale a una acción ordinaria de la emisora y la presentación señala que tras la operación la Sra. Parker posee beneficiariamente 89.467 acciones. Las unidades están totalmente consolidadas pero no se abonarán hasta que ocurra el primero de los siguientes supuestos: cambio de control, fallecimiento, incapacidad o separación del cargo como directora.
Orchid Island Capital, Inc.(ORC)의 이사 Ava L. Parker는 2025년 8월 28일 월별 배당 선택 대신 발행된 1,493개의 이연 주식 단위를 수령했다고 보고했습니다. 각 이연 주식 단위는 발행회사의 보통주 1주에 해당하며, 제출서류는 거래 후 Parker 씨가 89,467주의 실질 소유를 보유하고 있음을 보고합니다. 해당 단위들은 완전히 귀속되었으나 경영권 변경, 사망, 장애 또는 이사직에서의 퇴직 중 먼저 발생하는 경우에만 지급됩니다.
Ava L. Parker, administratrice d’Orchid Island Capital, Inc. (ORC), a déclaré avoir reçu 1 493 unités d’actions différées le 28/08/2025, émises en remplacement de son option mensuelle de dividende. Chaque unité différée équivaut à une action ordinaire de l’émetteur et le dépôt indique que Mme Parker détient à l’issue de l’opération 89 467 actions à titre bénéficiaire. Les unités sont entièrement acquises mais ne seront réglées que lors du premier événement intervenant parmi : changement de contrôle, décès, invalidité ou cessation de ses fonctions d’administratrice.
Ava L. Parker, Direktorin von Orchid Island Capital, Inc. (ORC), meldete den Erhalt von 1.493 aufgeschobenen Aktieneinheiten am 28.08.2025, die anstelle ihrer monatlichen Dividendenwahl ausgegeben wurden. Jede aufgeschobene Aktieneinheit entspricht einer Stammaktie des Emittenten, und die Meldung gibt an, dass Frau Parker nach der Transaktion begünstigt 89.467 Aktien hält. Die Einheiten sind vollständig unverfallbar, werden jedoch erst beim früheren Eintritt eines Kontrollwechsels, Todesfalls, einer Behinderung oder der Beendigung ihrer Tätigkeit als Direktorin ausgezahlt.
- Received 1,493 deferred stock units issued in lieu of monthly dividend, increasing insider equity exposure
- Deferred stock units are 100% vested, eliminating forfeiture risk for the reporting person
- Beneficial ownership totals 89,467 shares after the transaction, indicating meaningful insider stake
- Deferred stock units are not payable until specific triggering events (change of control, death, disability, or separation), delaying economic realization
- No immediate cash payment to the reporting person, so transaction does not provide near-term liquidity or marketable shares
Insights
TL;DR: Routine equity accrual by a director increases insider ownership modestly; vesting is complete but payout is contingent.
The Form 4 documents a non-cash equity accrual of 1,493 deferred stock units issued in lieu of a monthly dividend. This raises the reporting person’s beneficial ownership to 89,467 shares, improving alignment with shareholders. The units are 100% vested, which removes forfeiture risk, but they remain payable only upon specific triggering events, delaying economic realization and potential market impact.
TL;DR: Director elected dividend deferral into vested DSUs; governance practice is routine but payout restrictions limit near-term liquidity.
The disclosure shows a common corporate governance mechanism where a director elects to receive dividends as deferred stock units. Full vesting is governance-friendly because it secures the director’s stake, yet the payment conditions (change of control, death, disability, or separation) mean the economic benefit is contingent and not immediately distributable. This is a standard arrangement for aligning long-term interests.
Ava L. Parker, membro del consiglio di amministrazione di Orchid Island Capital, Inc. (ORC), ha dichiarato di aver ricevuto 1.493 unità azionarie differite il 28/08/2025, emesse in sostituzione della sua scelta mensile di dividendo. Ciascuna unità differita corrisponde a una azione ordinaria della società e la comunicazione indica che, al termine dell’operazione, la sig.ra Parker detiene beneficiariamente 89.467 azioni. Le unità sono completamente maturate ma saranno liquidate solo al verificarsi del primo tra: cambio di controllo, morte, invalidità o cessazione dell’incarico come amministratore.
Ava L. Parker, directora de Orchid Island Capital, Inc. (ORC), informó la recepción de 1.493 unidades de acciones diferidas el 28/08/2025, emitidas en lugar de su elección mensual de dividendo. Cada unidad diferida equivale a una acción ordinaria de la emisora y la presentación señala que tras la operación la Sra. Parker posee beneficiariamente 89.467 acciones. Las unidades están totalmente consolidadas pero no se abonarán hasta que ocurra el primero de los siguientes supuestos: cambio de control, fallecimiento, incapacidad o separación del cargo como directora.
Orchid Island Capital, Inc.(ORC)의 이사 Ava L. Parker는 2025년 8월 28일 월별 배당 선택 대신 발행된 1,493개의 이연 주식 단위를 수령했다고 보고했습니다. 각 이연 주식 단위는 발행회사의 보통주 1주에 해당하며, 제출서류는 거래 후 Parker 씨가 89,467주의 실질 소유를 보유하고 있음을 보고합니다. 해당 단위들은 완전히 귀속되었으나 경영권 변경, 사망, 장애 또는 이사직에서의 퇴직 중 먼저 발생하는 경우에만 지급됩니다.
Ava L. Parker, administratrice d’Orchid Island Capital, Inc. (ORC), a déclaré avoir reçu 1 493 unités d’actions différées le 28/08/2025, émises en remplacement de son option mensuelle de dividende. Chaque unité différée équivaut à une action ordinaire de l’émetteur et le dépôt indique que Mme Parker détient à l’issue de l’opération 89 467 actions à titre bénéficiaire. Les unités sont entièrement acquises mais ne seront réglées que lors du premier événement intervenant parmi : changement de contrôle, décès, invalidité ou cessation de ses fonctions d’administratrice.
Ava L. Parker, Direktorin von Orchid Island Capital, Inc. (ORC), meldete den Erhalt von 1.493 aufgeschobenen Aktieneinheiten am 28.08.2025, die anstelle ihrer monatlichen Dividendenwahl ausgegeben wurden. Jede aufgeschobene Aktieneinheit entspricht einer Stammaktie des Emittenten, und die Meldung gibt an, dass Frau Parker nach der Transaktion begünstigt 89.467 Aktien hält. Die Einheiten sind vollständig unverfallbar, werden jedoch erst beim früheren Eintritt eines Kontrollwechsels, Todesfalls, einer Behinderung oder der Beendigung ihrer Tätigkeit als Direktorin ausgezahlt.
FAQ
What did ORC director Ava L. Parker report on Form 4?
What is a deferred stock unit in this Form 4 for ORC?
Are the deferred stock units vested and payable immediately?
When was the Form 4 signed and filed for this transaction?
Does this Form 4 reflect a cash transaction or sale of shares?
