Nice piece of trivia, but irrelevant. Tannenbaum isn't going to risk ~ $1.92M so he can soak up losses. This guy is in the business of finance, and he is good at it. Otherwise FSC would have gone bankrupt during the downturn of 2008-2009. By the way, Tannenbaum bought more on Tues. I will be curious to see if he continued purchasing during yesterday's drop (Wed).
The fact that the CEO jumped in very quickly indicates that he anticipated panic selling and came to exploit it (i.e., in the broader market). In other words, anything below $9 was (is) severely oversold and undervalued, especially given the dividend (currently at 14.0% with yesterday's closing price of $9.14).
IMO, at these levels you have the combination of both equity appreciation and strong dividend income. The latter will especially provide a buffer against overall market volatility. FSC is still an excellent buy below $11. But it now while it is still cheap.