Form 4: Ellington Credit Co. Executive John Herlihy Disposes of Shares for Tax Obligations
SEC Form 4 Filing
John Herlihy, Chief Operating Officer of Ellington Credit Co., disposed of 2,845 common shares to cover tax liabilities related to vesting equity.
Summary
- On December 31, 2024, John Herlihy, the Chief Operating Officer of Ellington Credit Co., disposed of 2,845 common shares.
- The shares were withheld by Ellington Credit Company to cover Mr. Herlihy's tax liability related to the vesting of common shares granted under the company's Equity Incentive Plans.
- Following the transaction, Mr. Herlihy beneficially owns 57,094 common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: John Herlihy disposed of 2,845 common shares to cover tax liabilities. |
| 01/02/2025 | Date of signature on the Form 4 filing. |
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