Form 4: Eagle Point Credit Co Inc. CFO Kenneth P. Onorio Reports Purchase of Common Stock

Kenneth P. Onorio, CFO/COO of Eagle Point Credit Co Inc., reports the purchase of 300 shares of common stock at a weighted average price of $9.73.

Summary

• On August 13, 2024, Kenneth P. Onorio, the CFO/COO of Eagle Point Credit Co Inc., purchased 300 shares of common stock.
• The shares were bought at a weighted average price of $9.73, with individual transactions ranging from $9.72 to $9.73.
• Following the transaction, Mr. Onorio directly owns 53,508 shares and indirectly owns 898 shares through accounts for his children.
• The 898 shares held for his children are disclaimed as beneficially owned by Mr. Onorio, except to the extent of his pecuniary interest.
• Some shares were acquired through the Issuer's dividend reinvestment plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock purchase by an insider. The purchase itself can be seen as slightly positive, indicating confidence, but the document is primarily informational.

Positives

• The CFO's purchase of company stock could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The purchase of shares by a company insider can positively influence shareholder sentiment.

Key Dates