Morabito Paula 4

What Happened
Paula Morabito, a director of Orchid Island Capital, was granted 3,586 deferred stock units (derivative award) on July 1, 2026. The reported acquisition price is $0.00, and the award is recorded as a derivative (no immediate cash proceeds). The filing shows these units represent a right to receive common stock in the future rather than shares delivered today.

Key Details

• Transaction date and price: 2026-07-01; 3,586 units @ $0.00 (derivative award).
• Post-transaction ownership: not specified in the filing.
• Footnotes: each deferred stock unit equals the right to one share (F1). The units are 100% vested but are payable only upon a change of control or the reporting person's death, disability, or separation from service as a director (F2).
• Filing timeliness: report filed 2026-07-01 (no late filing indicated).

Context
Deferred stock units are a form of compensation that entitles the holder to receive common shares later under specified conditions; they do not necessarily confer immediate share ownership, sale, or cash. Director awards of deferred units are commonly used for deferred compensation and should be viewed as routine compensation rather than an outright purchase or sale signal.