Orchid Island Capital CFO receives 1,189 shares
The chief financial officer's vesting included 468 common shares withheld for tax obligations at the September 24, 2026 closing price of $5.77.
Rhea-AI Filing Summary
Orchid Island Capital, Inc. Chief Financial Officer and director Haas G Hunter IV had 1,189 Performance Units vest on September 25, 2026, resulting in the issuance of 1,189 common shares. The vesting also involved 468 common shares withheld for tax obligations at the reported price of $5.77 per share, the September 24, 2026 closing price. The reported position following the transaction was 96,750.95 Performance Units. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,189 shares exercised/converted
Exercise
3 txns
Insider
Haas G Hunter IV
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units F1 | 1,189 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,189 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F3 | 468 | $5.77 | $3K |
Holdings After Transaction:
Performance Units — 96,750.95 contracts (Direct);
Common Stock — 138,243 shares (Direct)
Footnotes (3)
- F1. These shares represent 1,189 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 19, 2024 pursuant to the Issuer's 2021 Equity Incentive Plan and 2023 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 24, 2026.
- 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. The price represents the closing price of the Company's common stock on September 24, 2026.
Key Figures
Performance Units vested: 1,189 units
Common shares issued: 1,189 shares
Common shares withheld for tax obligations: 468 shares
+2 more
5 metrics
Performance Units vested
1,189 units
September 25, 2026
Common shares issued
1,189 shares
Upon vesting on September 25, 2026
Common shares withheld for tax obligations
468 shares
September 25, 2026
Reported price per share withheld
$5.77 per share
Closing price on September 24, 2026
Performance Units following transaction
96,750.95 units
Following the September 25, 2026 transaction
Key Terms
Performance Units, vesting, tax withholding obligations, fractional shares, +1 more
5 terms
Performance Units financial
"vesting of Performance Units awarded to the Reporting Person"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
vesting financial
"in connection with the vesting of shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax withholding obligations financial
"to satisfy the Reporting Person's tax withholding obligations"
closing price market
"represents the closing price of the Company's common stock"
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.