4/A: Eagle Bancorp CFO Corrects Shareholding in Amended SEC Filing

Sentiment:

SEC Filing


Eric R. Newell, CFO of Eagle Bancorp, files an amendment to his Form 4 to correct the number of shares beneficially owned, including shares purchased under the Employee Stock Purchase Plan.

Summary

  • Eric R. Newell, Senior EVP and CFO of Eagle Bancorp Inc., filed an amended Form 4 with the SEC on April 1, 2025.
  • The amendment corrects the number of shares beneficially owned as reported in the original Form 4 filed on March 7, 2025.
  • The correction includes an omission of 756 shares purchased under the Eagle Bancorp, Inc. 2021 Employee Stock Purchase Plan for the periods ended June 30, 2024, and September 30, 2024.
  • On March 7, 2025, Newell purchased 1,170 shares of common stock at a weighted average price of $21.3744 per share, with individual prices ranging from $21.37 to $21.39.
  • Following the reported transactions, Newell beneficially owns 29,489 shares of Eagle Bancorp Inc.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The sentiment is neutral, reflecting standard compliance procedures. The correction of the shareholding is a positive sign of transparency.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations. Amendments are sometimes necessary to correct errors or omissions in previous filings.

Stakeholder Impact

  • The correction of shareholding information ensures accurate representation for shareholders.
  • The filing maintains transparency and compliance with regulatory requirements.

Key Dates

DateDescription
June 30, 2024End of period for shares purchased under the Employee Stock Purchase Plan.
September 30, 2024End of period for shares purchased under the Employee Stock Purchase Plan.
March 7, 2025Date of original Form 4 filing and purchase of 1,170 shares.
April 1, 2025Date of amended Form 4/A filing.

Keywords

Form 4, EGBN, Eagle Bancorp, Beneficial Ownership, SEC Filing, Eric R. Newell, Amendment, Employee Stock Purchase Plan

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