Form 4: Ellington Credit Co CFO Chris Smernoff Reports Share Withholding for Tax Liability
SEC Form 4 Filing
Chris Smernoff, CFO of Ellington Credit Co, reports the withholding of 1,318 common shares to cover tax obligations related to vested equity.
Summary
- On December 31, 2024, Ellington Credit Company withheld 1,318 common shares from CFO Chris Smernoff to cover the tax liability resulting from the vesting of common shares granted under the company's Equity Incentive Plans.
- Following this transaction, Smernoff directly owns 27,214 common shares of beneficial interest in Ellington Credit Co.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of share withholding for tax liability. |
| 01/02/2025 | Date of signature on the Form 4 filing. |
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