Insider Trading March 16, 2026

Director Bethel Keith Increases Stake in FS Credit Opportunities, Company Reports CFO Resignation

Keith completes direct and IRA transactions while FS Credit Opportunities discloses planned CFO exit effective December 31

By Avery Klein FSCO
Director Bethel Keith Increases Stake in FS Credit Opportunities, Company Reports CFO Resignation
FSCO

FS Credit Opportunities Corp. director Bethel Keith purchased 2,500 shares of common stock at $4.84 per share on March 12, 2026, for a total of $12,100 and now directly holds 25,000 shares. On the same day Keith also acquired 2,500 shares indirectly through an IRA, while 2,500 shares were disposed of from the reporting person’s spouse’s IRA. Separately, the company disclosed that CFO Edward T. Gallivan, Jr. will resign effective at the close of business on December 31; his resignation followed a notice to the board on December 19 and was stated not to be the result of any disagreement with company operations, policies, or practices. No successor or interim CFO was identified in the announcement.

Key Points

  • Director Bethel Keith bought 2,500 FSCO shares at $4.84 apiece on March 12, 2026, for $12,100 and now directly owns 25,000 shares.
  • On March 12, 2026, Keith also acquired 2,500 shares indirectly through an IRA while 2,500 shares were disposed of from the reporting person’s spouse’s IRA.
  • FS Credit Opportunities disclosed that CFO Edward T. Gallivan, Jr. will resign effective at the close of business on December 31; he notified the board on December 19 and the company reported no disagreement related to operations, policies, or practices, with no successor named.

Director Bethel Keith executed a reported purchase of common stock in FS Credit Opportunities Corp. (EXCHANGE:FSCO) on March 12, 2026. The filing shows a buy of 2,500 shares at $4.84 per share, bringing the purchase total to $12,100. Following that transaction, Keith is recorded as directly owning 25,000 shares of the company.

The filing also details additional activity on the same date. Keith acquired 2,500 shares of common stock indirectly through an individual retirement account. In the same reporting, 2,500 shares were listed as disposed of from the reporting person’s spouse’s IRA account. The filing presents these moves as contemporaneous components of the reporting person’s broader holdings and IRA activity.

Separately, FS Credit Opportunities disclosed an executive change in a statement based on a recent Securities and Exchange Commission filing. The company said that Edward T. Gallivan, Jr. will resign from his role as Chief Financial Officer, with the resignation to take effect at the close of business on December 31. The company noted that Mr. Gallivan informed the board of directors of his decision on December 19.

In its announcement the company explicitly stated that Mr. Gallivan’s departure is not the result of any disagreement with the company’s operations, policies, or practices. The disclosure did not name a successor or indicate whether an interim CFO will be appointed. The company characterized this item as part of its recent executive team updates.

The filings provide a concise record of insider trading and an executive leadership change but do not include additional commentary, timeline for a CFO replacement, or further details about the spouse’s IRA disposition beyond the transaction itself.


Summary of transactions and corporate disclosure

  • Director Bethel Keith purchased 2,500 shares at $4.84 on March 12, 2026, totaling $12,100 and now directly holds 25,000 shares.
  • On the same date, Keith acquired 2,500 shares indirectly via an IRA; 2,500 shares were also disposed of from the reporting person’s spouse’s IRA account.
  • FS Credit Opportunities announced CFO Edward T. Gallivan, Jr. will resign effective at the close of business on December 31, following his notice to the board on December 19; the company said the departure is not due to disagreements with operations, policies, or practices and did not name a successor.

Risks

  • The company has not identified a successor or interim Chief Financial Officer following Mr. Gallivan’s resignation - this creates short-term uncertainty in financial leadership.
  • The filings show multiple related-party and IRA transactions which may complicate public interpretation of insider ownership and timing of holdings.
  • Limited disclosure in the announcement leaves unresolved questions about the timing and process for executive succession, which could affect investor assessments of corporate governance.

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