Orchid Island Capital (ORC) Director Ava L. Parker Receives Award

What Happened
Ava L. Parker, a director of Orchid Island Capital (ORC), was granted 1,791 deferred stock units on 2026-07-31 at an implied price of $6.63 per unit, a total value of $11,874. The filing reports an acquisition (award/derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-31; price used for reporting: $6.63 per unit; total value: $11,874.
• Instrument: Deferred stock units (derivative award) — 1 unit = right to receive one share (see footnotes).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing date: 2026-08-03 — filed within the typical Form 4 reporting window (timely).
• Footnotes of note: units issued in lieu of the issuer’s monthly dividend per the director’s election; units are 100% vested but payable only upon a change of control, or the reporting person’s death, disability, or separation from service.

Context
Deferred stock units are a form of compensation/deferral (not an immediate market purchase or sale). Although they represent a right to receive shares later, these units are not payable until certain events occur, so this award does not represent an immediate transfer of stock into the market or a direct cash investment by the director.