Director Ava L. Parker (NYSE: ORC) granted deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orchid Island Capital director Ava L. Parker reported two routine compensation-related awards of deferred stock units. On June 30, 2026, she acquired 1,679 deferred stock units at a reference price of 6.9700 per unit, and on July 1, 2026 she acquired an additional 3,586 units at no cost. Each deferred stock unit represents a right to receive one share of Orchid Island Capital common stock and is fully vested. These units were issued in lieu of the company’s monthly dividend under Parker’s election and become payable only upon a change of control or upon her death, disability, or separation from service as a director. Following these awards, she holds 122,340 deferred stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Parker Ava L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 3,586 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 1,679 | $6.97 | $12K |
Holdings After Transaction:
Deferred Stock Units — 122,340 shares (Direct, null)
Footnotes (1)
- Each deferred stock unit represents a right to receive one share of the Issuer's common stock. The reported shares represent deferred stock units issued in lieu of the Issuer's monthly dividend pursuant to the reporting person's election. The deferred stock units are 100% vested but do not become payable until the earlier to occur of a change of control or the reporting person's death, disability, or separation from service as a director of the Issuer.
Key Figures
Deferred stock units granted (July 1, 2026): 3,586 units
Deferred stock units granted (June 30, 2026): 1,679 units
Reference price per unit (June 30 grant): 6.9700 per unit
+3 more
6 metrics
Deferred stock units granted (July 1, 2026)
3,586 units
Grant/award acquisition of deferred stock units
Deferred stock units granted (June 30, 2026)
1,679 units
Grant/award acquisition of deferred stock units
Reference price per unit (June 30 grant)
6.9700 per unit
Dividend-equivalent deferred stock unit issuance
Deferred stock units after July 1 grant
122,340 units
Total deferred stock units held directly following transactions
Underlying common stock per unit
1 share per unit
Each deferred stock unit equals one common share right
Transaction code
A (grant/award acquisition)
Both transactions classified as compensation-related awards
Key Terms
Deferred Stock Units, change of control, separation from service
3 terms
Deferred Stock Units financial
"The reported shares represent deferred stock units issued in lieu of the Issuer's monthly dividend"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
change of control financial
"become payable until the earlier to occur of a change of control or the reporting person's death"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
separation from service financial
"or the reporting person's death, disability, or separation from service as a director of the Issuer"
FAQ
What insider transactions did Orchid Island Capital (ORC) report for Ava L. Parker?
Orchid Island Capital director Ava L. Parker reported two acquisitions of deferred stock units, totaling 5,265 units. These awards are part of her director compensation and were issued in lieu of monthly cash dividends based on her prior election.
How many deferred stock units does Ava L. Parker hold after the latest Form 4 for ORC?
After the reported transactions, Ava L. Parker holds 122,340 deferred stock units directly. Each unit represents a right to receive one share of Orchid Island Capital common stock, subject to specific payout conditions described in the filing footnotes.
Why did Orchid Island Capital issue deferred stock units instead of cash dividends to Ava L. Parker?
The filing states the reported shares are deferred stock units issued in lieu of the issuer's monthly dividend, pursuant to Parker’s election. This allows her to receive equity-linked compensation rather than cash, aligning with the company’s director compensation framework.
When do Ava L. Parker’s deferred stock units in Orchid Island Capital become payable?
The deferred stock units are 100% vested but only become payable upon the earlier of a change of control or Parker’s death, disability, or separation from service as a director. Until then, they remain deferred and are not settled in common shares.
What does each deferred stock unit represent for Orchid Island Capital (ORC)?
Each deferred stock unit represents a right to receive one share of Orchid Island Capital common stock. Although fully vested, these units are subject to deferral conditions and will be settled in shares only upon specified triggering events.
Were Ava L. Parker’s recent ORC transactions open-market buys or compensation awards?
The Form 4 characterizes both transactions with code A as grant, award, or other acquisition, not open-market purchases. They are deferred stock unit awards tied to dividend equivalents, rather than discretionary buying or selling in the market.