Eagle Point (NYSE: ECC) CFO boosts stake with 110,000-share open-market buy
Rhea-AI Filing Summary
Eagle Point Credit Company CFO/COO Kenneth P. Onorio made a large open-market share purchase. He bought 110,000 shares of common stock at a weighted average price of $3.74 per share, with individual trades ranging from $3.72 to $3.75.
After the purchase, he directly owned 205,756 shares. He also had indirect ownership of 1,302 shares held in accounts for his children, over which he has investment authority but disclaims beneficial ownership except for any pecuniary interest. Some holdings include shares acquired through the company’s dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insights
CFO executes sizable open-market buy, increasing direct equity exposure.
The CFO/COO of Eagle Point Credit Co Inc. purchased 110,000 common shares at a weighted average of $3.74. Open-market purchases are discretionary decisions, so this filing shows a clear willingness by a key executive to increase personal exposure to the company’s stock.
Following the transaction, he directly owned 205,756 shares, plus 1,302 indirect shares held for his children, where he has investment authority but disclaims beneficial ownership beyond any pecuniary interest. There are no remaining derivative positions disclosed and no indication of a pre-arranged trading plan in the provided text.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 per share | 110,000 | $3.74 | $411K |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Footnotes (1)
- These shares are held in accounts for the benefit of Kenneth Onorio's children. Kenneth Onorio has investment authority over these accounts. Kenneth Onorio disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Includes shares acquired through the Issuer's dividend reinvestment plan. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.72 to $3.75, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, the reporting person undertakes to provide full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.