Orchid Island (ORC) Director Bitting W. Coleman Receives Award

What Happened

• Bitting W. Coleman, a director of Orchid Island Capital, was granted 5,755 deferred stock units (DSUs) on 2026-10-01. The units were reported as acquired at $0.00 (derivative award, Form 4 transaction code A). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-10-01; 5,755 DSUs; $0.00 per unit (derivative grant).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each deferred stock unit represents a right to receive one share of common stock. F2 — 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.
• Timeliness: filing dated 2026-10-01 (no late filing indicated).
• Transaction code: A (award/grant).

Context

• Deferred stock units are a common form of director compensation. Although these DSUs are fully vested, they are not immediately convertible to tradable shares and will only be settled upon specified triggering events, so this grant does not represent an immediate buy or sell signal. The ultimate value to the director will depend on Orchid Island’s share price at the time of settlement.