Haas G Hunter IV 4

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.