Director at Orchid Island (NYSE: ORC) awarded 3,586 deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bitting W Coleman reported acquisition or exercise transactions in this Form 4 filing.
Orchid Island Capital director W. Coleman Bitting received a grant of 3,586 deferred stock units as compensation. Each unit represents the right to receive one share of common stock. Following this award, he holds 53,875 deferred stock units. The units are fully vested but only become payable upon a change of control or his death, disability, or separation from service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bitting W Coleman
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 3,586 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 53,875 shares (Direct, null)
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
Deferred stock units after transaction: 53,875 units
Transaction price per unit: $0.0000
+1 more
4 metrics
Deferred stock units granted
3,586 units
Grant to director on 2026-07-01
Deferred stock units after transaction
53,875 units
Director holdings following grant
Transaction price per unit
$0.0000
Grant/award acquisition, non-cash compensation
Underlying common stock ratio
1 share per unit
Each deferred stock unit equals one common share
Key Terms
Deferred Stock Units, transaction code "A", common stock, change of control, +1 more
5 terms
Deferred Stock Units financial
"security_title: Deferred Stock Units"
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.
transaction code "A" regulatory
"transaction_code_description: Grant, award, or other acquisition"
common stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
change of control financial
"payable until the earlier to occur of a change of control"
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
"separation from service as a director of the Issuer"
FAQ
What insider transaction did Orchid Island Capital (ORC) report for W. Coleman Bitting?
Orchid Island Capital reported that director W. Coleman Bitting received a grant of 3,586 deferred stock units. These units were awarded as compensation and increase his total deferred stock unit holdings to 53,875, according to the Form 4 filing details.
How many Orchid Island Capital deferred stock units does the director hold after this Form 4?
After the latest grant, director W. Coleman Bitting holds 53,875 deferred stock units. This total includes the newly awarded 3,586 units, as disclosed in the Form 4 reporting his updated ownership position in these derivative securities.
What does each Orchid Island Capital deferred stock unit represent for ORC insiders?
Each deferred stock unit represents the right to receive one share of Orchid Island Capital common stock. This 1-for-1 relationship is specified in the footnotes, linking the derivative units directly to future delivery of common shares to the reporting person.
When do the Orchid Island Capital deferred stock units become payable to the director?
The deferred stock units are fully vested but become payable only upon a change of control or the director’s death, disability, or separation from service. These future triggering events determine when the underlying Orchid Island Capital common shares will actually be delivered.
Was the Orchid Island Capital (ORC) Form 4 a purchase or a compensation grant?
The Form 4 shows a compensation-related grant, not an open-market purchase. The 3,586 deferred stock units were reported under transaction code “A”, indicating a grant, award, or other acquisition rather than a buy in the market by the director.