Morabito Paula 4

What Happened
Paula Morabito, a director of Orchid Island Capital, was granted 3,561 deferred stock units (a derivative award) on 2026-04-01. The grant is reported at $0.00 per unit (total reported value $0) — this was an award, not a cash purchase or sale. Each unit represents a right to one share if and when paid.

Key Details

• Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-01 (appears to be timely).
• Award: 3,561 deferred stock units (derivative), reported price $0.00 per unit.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — each deferred stock unit equals the right to one common share; F2 — units are 100% vested but will not be paid out until a change of control or the reporting person's death, disability, or separation from service as a director.
• Transaction type: A = Award/Grant (derivative), not a market purchase or sale.

Context
Deferred stock units are a form of long-term, non-cash compensation. Although these units are fully vested, they are not payable immediately and will convert to shares (or equivalent value) only upon specified triggering events, so this grant does not increase immediate share count or represent a current market buy. Such awards align compensation with future events but should not be read as a near-term trading signal.