Bitting W Coleman 4

What Happened Bitting W. Coleman, a director of Orchid Island Capital, Inc. (ORC), was granted 3,586 deferred stock units (DSUs) on July 1, 2026. The award is reported at $0.00 per unit (derivative grant). This is an equity award (transaction code A), not an open-market purchase or sale, and is typically part of director compensation rather than a direct market trade.

Key Details

• Transaction date: 2026-07-01; reported acquisition of 3,586 units at $0.00 (derivative grant).
• Transaction type: Award/Grant (A) of deferred stock units (DSUs).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • Each DSU represents a right to receive one share of common stock (F1).
  • The DSUs are 100% vested but are not payable until the earlier of a change of control or the reporting person's death, disability, or separation from service as a director (F2).
• Filing timeliness: Reported on 2026-07-01 for the 2026-07-01 grant (no late filing indicated in the provided data).

Context Deferred stock units are derivative awards that give the holder a future right to receive common stock; because these DSUs are payable only upon specific triggering events, they do not result in immediate share delivery or a cash event. Awards to directors are common as compensation/retention tools and should be viewed differently than open-market purchases or sales when assessing insider sentiment.