Haas G Hunter IV 4

4 · Orchid Island Capital, Inc. · Filed Mar 23, 2026

AI-generated summary of this filing

Updated Mar 23, 2026

Orchid Island (ORC) CFO Haas G. Hunter IV Receives Award, Sells Shares

What Happened

Haas G. Hunter IV, Chief Financial Officer of Orchid Island Capital (ORC), was granted equity awards on March 23, 2026: 93,184 unrestricted shares and 93,184 performance units (each unit represents a contingent right to one share). To satisfy tax withholding on the awards, he surrendered 36,896 shares of the company's common stock to the issuer at an effective price of $6.82 per share, totaling $251,631.

Key Details

Transaction date: March 23, 2026 (reported same day).
Awards: 93,184 unrestricted shares (awarded at $0.00) and 93,184 performance units (derivative award at $0.00).
Tax withholding: 36,896 shares surrendered to the issuer at $6.82/share for $251,631 (price equals closing price on March 20, 2026).
Shares owned after transaction: Not specified in the filing.
Footnotes of note:
- Unrestricted shares issued under the 2021 Equity Incentive Compensation Plan (and pursuant to the 2025 LTIP).
- Performance units vest/earn at 10% per quarter from March 31, 2027 through June 30, 2029 and are subject to performance conditions.
- The share disposition was to satisfy tax withholding obligations (share surrender), not an open-market sale.

Context

This filing reflects a grant of stock and performance-unit awards combined with a routine share surrender to cover tax withholding — a common administrative step when companies issue equity. The performance units are contingent and vest/are earned over time based on schedule and performance metrics; they are not immediate, freely tradable shares. The surrender of shares for taxes (code F) is not the same as an open-market sale and does not necessarily indicate any change in the insider’s market view.

Form 4

Period: 2026-03-23

DirectorChief Financial Officer

Transactions

Award
Common Stock
[F1]
2026-03-23+93,184→ 170,682 total
Tax Payment
Common Stock
[F2][F3]
2026-03-23$6.82/sh−36,896$251,631→ 133,786 total
Award
Performance Units
[F4]
2026-03-23−93,184→ 104,003.39 total
→ Common Stock (93,184 underlying)

Footnotes (4)

[F1]Unrestricted shares of the Issuer's common stock issued under the 2021 Equity Incentive Compensation Plan, including pursuant to the 2025 Long-Term Incentive Compensation Plan.
[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 awarding of shares that occurred on March 23, 2026.
[F3]This price represents the closing price of the Issuer's common stock on March 20, 2026.
[F4]Performance units issued under the 2021 Equity Incentive Compensation Plan, including pursuant to the 2025 Long Term Incentive Compensation Plan. Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units are earned at the rate of 10% per quarter commencing with the quarter ending March 31, 2027 and concluding with the quarter ending June 30, 2029. The number of performance units actually earned by the Reporting Person is subject to adjustment based on the Issuer's achievement of certain performance goals as set forth in a performance unit award agreement by and between the Issuer and the Reporting Person.

Signature

/s/ G. Hunter Haas, IV|2026-03-23

1 file