Bitting W Coleman 4

What Happened
Bitting W. Coleman, a director of Orchid Island Capital, was granted 3,561 deferred stock units (DSUs) on April 1, 2026. The grant is reported as an award/acquisition (Form 4 code A) at $0.00 per unit, so there is no immediate cash purchase or sale value recorded in the filing. The units are derivative awards that each represent a right to receive one share of the company's common stock.

Key Details

• Transaction date: 2026-04-01. Report filed with accession 0001437749-26-010896 (period of report 2026-04-01).
• Transaction type/code: Award/Grant (A); 3,561 deferred stock units acquired at $0.00 (derivative).
• Immediate value recorded: $0.00 (no cash exchanged at grant).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes in filing: see below for payout and vesting conditions.
• Timeliness: Filing covers the same date as the transaction; no late filing flag indicated.

Context Deferred stock units are a form of compensation that give the holder the right to receive shares later (one share per unit, per the filing). According to the filing footnotes, the DSUs are 100% vested but will not be payable until the earlier of a change of control or the director’s death, disability, or separation from service. Because this is an award (not an open-market purchase or sale), it reflects compensation/long-term alignment rather than an immediate bullish or bearish trading signal.