Form 4: Ellington Credit COO's Tax-Related Share Sale
Insider Transaction Report
Ellington Credit Co's Chief Operating Officer, John Herlihy, disposed of 5,235 common shares to cover tax liabilities from vested equity.
Summary
- John Herlihy, Chief Operating Officer of Ellington Credit Co (EARN), disposed of 5,235 common shares.
- The transaction occurred on December 31, 2025, at a price of $5.17 per share.
- The shares were withheld by the Issuer to cover tax liabilities associated with the vesting of common shares previously granted under the now-dissolved 2023 Equity Incentive Plan.
- Following this transaction, Mr. Herlihy directly beneficially owns 51,859 common shares.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (tax withholding) related to executive compensation, which is neutral in terms of company performance or outlook.
Future Outlook
NA
Industry Context
This is a routine insider transaction related to equity compensation and tax obligations, common across all industries for executives receiving stock-based awards. It does not reflect broader industry trends for real estate investment trusts (REITs) or credit companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Plan Dissolution | The 2023 Equity Incentive Plan, under which the shares were originally granted, is now dissolved. | NA | Indicates a transition from an older equity compensation plan, likely replaced by a newer one or the company is no longer issuing awards under this specific plan. This is a procedural update rather than a governance change impacting structure or policy. |
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | Date of transaction where 5,235 common shares were disposed of for tax liability. |
| 01/05/2026 | Date the Form 4 was signed by the attorney-in-fact for John Herlihy. |
Keywords
Ellington Credit Co, EARN, John Herlihy, Insider Transaction, Form 4, Share Sale, Tax Withholding, Equity Incentive Plan, COO
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