Form 4: Eagle Bancorp CEO Susan G. Riel Reports Stock and Option Awards
SEC Form 4 Filing
Susan G. Riel, President & CEO and Chair of Eagle Bancorp, reports the acquisition of restricted stock and stock options.
Summary
- On February 26, 2025, Susan G. Riel, President & CEO and Chair of Eagle Bancorp, reported changes in beneficial ownership to the SEC.
- Riel acquired 21,089 shares of common stock through a restricted stock award under the 2021 Equity Incentive Plan.
- These shares vest in three equal annual installments starting February 26, 2026.
- Riel also received 57,142 stock options with an exercise price of $22.76 per share, also vesting in three equal annual installments beginning February 26, 2026.
- Following these transactions, Riel directly owns 342,198 shares of common stock and 57,142 stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of executive compensation.
Positives
- The grant of restricted stock and stock options aligns the CEO's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the CEO.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock and option awards incentivize the CEO to increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Grant of restricted stock and stock options. |
| 02/26/2026 | First vesting date for both restricted stock and stock options. |
| 02/26/2035 | Expiration date of the stock options. |
| 02/27/2025 | Date of signature on the SEC Form 4. |
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