Orchid Island director granted 3,561 deferred units
Bitting W Coleman reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Bitting W Coleman reported acquisition or exercise transactions in this Form 4 filing.
Orchid Island Capital director Bitting W. Coleman received a routine equity award in the form of deferred stock units. The grant covers 3,561 deferred stock units at a price of $0.00 per unit, each representing the right to receive one share of common stock. Following this award, Coleman holds 50,289 deferred stock units. The units are fully vested but will only be paid in shares upon a change of control or Coleman's death, disability, or separation from service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,561 shares
Grant/Award
1 txn
Insider
Bitting W Coleman
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 3,561 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 50,289 contracts (Direct)
Footnotes (2)
- F1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
- F2. 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: 3,561 units
Price per deferred stock unit: $0.00 per unit
Deferred stock units after transaction: 50,289 units
+1 more
4 metrics
Deferred stock units granted
3,561 units
Grant to director on 2026-04-01
Price per deferred stock unit
$0.00 per unit
Equity compensation grant, non-cash
Deferred stock units after transaction
50,289 units
Total deferred stock units held by director after grant
Underlying common stock per unit
1 share per unit
Each deferred stock unit equals one common share when payable
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"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Orchid Island Capital (ORC) director Bitting W. Coleman report on this Form 4?
Bitting W. Coleman reported receiving 3,561 deferred stock units as a grant. These units are a form of equity compensation, not a cash transaction, and increase his total deferred stock unit holdings to 50,289, aligning his interests with common shareholders over the long term.
What are the key terms of the deferred stock units reported by ORC?
Each deferred stock unit represents the right to receive one share of Orchid Island Capital common stock. The units are 100% vested but are only payable in shares upon a change of control or the director’s death, disability, or separation from service on the board.
How many deferred stock units does the ORC director hold after this transaction?
After this grant, Bitting W. Coleman holds 50,289 deferred stock units. Each unit is tied to one share of common stock, so this number reflects his deferred equity-based compensation position as reported in the filing, separate from any regular common stock he may own.
When will the Orchid Island Capital (ORC) deferred stock units become payable?
Although the deferred stock units are fully vested, they become payable only upon certain events. Payment occurs at the earlier of a change of control of Orchid Island Capital or the director’s death, disability, or separation from service as a member of the board.
AI-generated analysis. How Rhea-AI works. Not financial advice.
