Form 4: Eagle Bancorp CEO Susan G. Riel Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Susan G. Riel, President & CEO and Chair of Eagle Bancorp, Inc., reported disposing of shares to cover tax withholding obligations related to vesting restricted stock awards.
Summary
- On February 12, 2025, Susan G. Riel disposed of 6,138 shares of Eagle Bancorp (EGBN) common stock at a price of $25.35 to cover tax obligations.
- Following this transaction, Riel directly owns 326,837 shares of common stock.
- On February 13, 2025, Riel disposed of 5,728 shares of Eagle Bancorp (EGBN) common stock at a price of $25.43 to cover tax obligations.
- Following this transaction, Riel directly owns 321,109 shares of common stock.
- The disposals were related to the vesting of restricted stock awards granted on February 12, 2024, and February 13, 2023.
- Riel also acquired shares under the Eagle Bancorp, Inc. 2021 Employee Stock Purchase Plan (ESPP) throughout 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to tax obligations and ESPP participation, which are normal corporate activities. There is no indication of unusual or concerning activity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock vests.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to tax obligations and ESPP participation.
Key Dates
| Date | Description |
|---|---|
| February 13, 2023 | Date of restricted stock award grant related to February 13, 2025 disposal. |
| February 12, 2024 | Date of restricted stock award grant related to February 12, 2025 disposal. |
| March 31, 2024 | Date of ESPP acquisition of 200 shares. |
| June 30, 2024 | Date of ESPP acquisition of 187 shares. |
| September 30, 2024 | Date of ESPP acquisition of 220 shares. |
| December 31, 2024 | Date of ESPP acquisition of 157 shares. |
| February 12, 2025 | Date of disposal of 6,138 shares at $25.35. |
| February 13, 2025 | Date of disposal of 5,728 shares at $25.43. |
| February 14, 2025 | Date of Form 4 filing. |
Keywords
Form 4, EGBN, Eagle Bancorp, Susan G. Riel, Stock Disposal, Restricted Stock, Tax Withholding, Employee Stock Purchase Plan, Insider Trading
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