Orchid Island (ORC) director receives 3,586 deferred stock units award
Rhea-AI Filing Summary
Morabito Paula reported acquisition or exercise transactions in this Form 4 filing.
Orchid Island Capital, Inc. director Paula Morabito received a grant of 3,586 Deferred Stock Units as compensation. Each unit represents the right to receive one share of common stock and is fully vested. These units become payable only upon a change of control or upon her death, disability, or separation from service as a director. Following this award, she holds a total of 55,686 Deferred Stock Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morabito Paula
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 3,586 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 55,686 shares (Direct)
Footnotes (1)
- Each deferred stock unit represents a right to receive one share of the Issuer's common stock. 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: 3,586 units
Units held after transaction: 55,686 units
Exercise price per unit: $0.0000 per unit
+1 more
4 metrics
Deferred Stock Units granted
3,586 units
Grant to director Paula Morabito on 2026-07-01
Units held after transaction
55,686 units
Total Deferred Stock Units following grant
Exercise price per unit
$0.0000 per unit
Deferred Stock Units grant terms
Conversion ratio
1 unit : 1 share
Each unit represents one share of common stock
Key Terms
Deferred Stock Units, change of control, separation from service
3 terms
Deferred Stock Units financial
"Each deferred stock unit represents a right to receive one share of the Issuer's common stock."
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
"payable until the earlier to occur of a change of control or the reporting person's death, disability, or separation from service"
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
"the reporting person's death, disability, or separation from service as a director of the Issuer."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Orchid Island Capital (ORC) report for Paula Morabito?
Orchid Island Capital reported that director Paula Morabito received 3,586 Deferred Stock Units as a grant. These units are compensation-linked derivatives that convert into common stock under specific future conditions rather than an open-market purchase or sale.
How many Deferred Stock Units does Paula Morabito hold after this ORC Form 4?
After the latest grant, Paula Morabito holds 55,686 Deferred Stock Units. This total reflects compensation awards tied to Orchid Island Capital common stock, giving her the right to receive an equal number of shares upon specified triggering events.
What does each Deferred Stock Unit represent for Orchid Island Capital (ORC)?
Each Deferred Stock Unit represents the right to receive one share of Orchid Island Capital common stock. The units are fully vested but settle in actual shares only when specific events occur, rather than immediately at grant.
When do Paula Morabito’s ORC Deferred Stock Units become payable?
The Deferred Stock Units become payable upon the earlier of a change of control of Orchid Island Capital or Paula Morabito’s death, disability, or separation from service as a director. Until then, they remain outstanding but unsettled compensation awards.