Form 4: Eagle Point Credit Co. CFO/COO Kenneth Onorio Acquires 10,000 Shares

Eagle Point Credit Co. CFO/COO Kenneth Onorio purchased 10,000 shares of common stock at $8.99 per share on November 18, 2024.

Summary

• Kenneth P. Onorio, the CFO/COO of Eagle Point Credit Co. (ECC), acquired 10,000 shares of the company's common stock on November 18, 2024.
• The shares were purchased at a price of $8.99 per share.
• Following the transaction, Mr. Onorio directly owns 66,314 shares of ECC common stock.
• He also has indirect beneficial ownership of 937 shares held in accounts for the benefit of his children, over which he has investment authority but disclaims beneficial ownership except for his pecuniary interest.
• The direct shares include shares acquired through the Issuer's dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as insider buying is generally seen as a good sign, but it's a routine transaction and not a major event.

Positives

• The purchase of shares by a high-ranking executive like the CFO/COO can be seen as a positive sign of confidence in the company's future prospects.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• Similar filings are made by executives at other publicly traded companies when they buy or sell shares.

Stakeholder Impact

• The purchase may have a slightly positive impact on shareholder sentiment, as it indicates confidence from a company executive.

Key Dates

Keywords

insider trading, stock purchase, beneficial ownership, Eagle Point Credit Co, ECC, Kenneth Onorio, CFO, COO