Form 4: Eagle Bancorp EVP/CCO Janice L. Williams Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Janice L. Williams, EVP/CCO of Eagle Bancorp, reported disposing of shares to cover tax withholding obligations related to vesting restricted stock awards.
Summary
- Janice L. Williams, EVP/CCO of Eagle Bancorp Inc. (EGBN), filed a Form 4 detailing changes in beneficial ownership.
- On February 12, 2025, Williams disposed of 1,883 shares of common stock at $25.35 to satisfy tax withholding obligations related to the vesting of a restricted stock award granted on February 12, 2024.
- On February 13, 2025, Williams disposed of 1,162 shares of common stock at $25.43 to satisfy tax withholding obligations related to the vesting of a restricted stock award granted on February 13, 2023.
- Following these transactions, Williams beneficially owns 105,082 shares of Eagle Bancorp Inc.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. Disposals to cover tax obligations are common.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to tax obligations and do not represent a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/13/2023 | Date of restricted stock award grant related to February 13, 2025 disposal. |
| 02/12/2024 | Date of restricted stock award grant related to February 12, 2025 disposal. |
| 02/12/2025 | Date of disposal of 1,883 shares at $25.35. |
| 02/13/2025 | Date of disposal of 1,162 shares at $25.43. |
| 02/14/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, EGBN, Eagle Bancorp, Stock Disposal, Tax Withholding, Restricted Stock, Janice L. Williams, EVP/CCO
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