Orchid Island (ORC) Director Paula Morabito Receives Award

What Happened

• Paula Morabito, a director of Orchid Island Capital, received an award of 5,755 deferred stock units on 2026-10-01. The units were reported at $0.00 per unit (derivative award) — this is a compensation grant, not a cash purchase or sale.

Key Details

• Transaction date: 2026-10-01; transaction type: Award/Acquisition (code A)
• Amount: 5,755 deferred stock units; reported price: $0.00 (derivative)
• Shares owned after transaction: Not disclosed in the filing
• Footnotes: (1) Each deferred stock unit equals the right to receive one share. (2) Units are 100% vested but are payable only upon the earlier of a change of control or the reporting person's death, disability, or separation from service as a director.
• Filing timeliness: Reported on 2026-10-01 (no late filing indicated)

Context

• Deferred stock units are a common form of director compensation that entitle the holder to future shares (or cash equivalent) upon specified events; they do not represent immediately tradable shares. Such awards are routine for board members and should be viewed as compensation rather than an immediate market bet.