Haas G Hunter IV 4
4 · Orchid Island Capital, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Orchid Island (ORC) CFO Haas Exercises Awards, Sells Shares
What Happened
CFO G. Hunter Haas IV had performance-based equity convert to common stock on March 26, 2026. The filing shows conversion/exercise of performance units into roughly 3,031 shares (no cash paid on conversion) and the surrender of 1,133 of those shares back to the company to satisfy tax-withholding obligations, generating $8,101 in proceeds to cover taxes.
Key Details
- Transaction date: March 26, 2026 (Form filed March 27, 2026).
- Conversions/exercises: ~3,031 shares reported as converted/exercised at $0.00 (codes M).
- Tax withholding: 1,133 shares disposed at $7.15 per share, totaling $8,101 (code F). The $7.15 price is the closing price on March 25, 2026 (footnote).
- Footnotes: F1 explains the 3,031 shares come from vesting of performance units awarded in 2023 and 2024; cash was paid for fractional shares. F2 confirms the 1,133-share disposition was to the issuer to satisfy tax withholding. F3 notes the $7.15 price source.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Timeliness: filing appears timely (filed the business day after the transaction); no late-report flag noted.
Context
This was an award vesting event (performance units converting to common stock) with a routine tax-withholding sale of a portion of the shares back to the company. That type of disposition is standard for satisfying payroll/tax obligations and should not be interpreted as an open-market sell decision about the stock's outlook.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-26+3,031→ 136,817 total - Tax Payment
Common Stock
[F2][F3]2026-03-26$7.15/sh−1,133$8,101→ 135,684 total - Exercise/Conversion
Performance Units
[F1]2026-03-26−3,031.72→ 100,971.67 total→ Common Stock (3,031.72 underlying)
Footnotes (3)
- [F1]These shares represent 1,842 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on April 13, 2023 pursuant to the Issuer's 2021 Equity Incentive Plan and 2022 Long Term Equity Incentive Compensation Plan, and 1,189 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 19, 2024 pursuant to the Issuer's 2021 Equity Incentive Plan and 2023 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 March 25, 2026.
- [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 vesting of shares.
- [F3]The price represents the closing price of the Company's common stock on March 25, 2026.