Robert E. Cauley - Jun 28, 2023 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Chief Executive Officer, Director
Signature
/s/ Robert E. Cauley
Stock symbol
ORC
Transactions as of
Jun 28, 2023
Transactions value $
$0
Form type
4
Date filed
6/29/2023, 04:14 PM
Previous filing
May 30, 2023
Next filing
Sep 15, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $0 +2.02K +3.18% $0.00 65.6K Jun 28, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORC Performance Units Options Exercise $0 -2.02K -4.7% $0.00 41K Jun 28, 2023 Common Stock 2.02K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent 906 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2020 Long Term Equity Incentive Compensation Plan, and 1,117 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 28, 2022 pursuant to the Issuer's 2021 Long Term Incentive Compensation Plan and 2021 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 June 26, 2023.