Form 4: Eagle Bancorp Exec Riel Sells Shares to Cover Tax Obligations

Ryan Riel, a Senior Executive Vice President at Eagle Bancorp, Inc., disposed of shares to cover tax withholding obligations related to vesting restricted stock awards.

Summary

• Ryan Riel, a Senior Executive Vice President of Eagle Bancorp, Inc. (EGBN), filed a Form 4 detailing changes in beneficial ownership.
• On February 12, 2025, Riel disposed of 1,066 shares of common stock at $25.35 per share to satisfy tax withholding obligations related to the vesting of a restricted stock award granted on February 12, 2024.
• On February 13, 2025, Riel disposed of 634 shares of common stock at $25.43 per share to satisfy tax withholding obligations related to the vesting of a restricted stock award granted on February 13, 2023.
• Following these transactions, Riel directly owns 34,083 shares of Eagle Bancorp, Inc.
• These holdings include shares acquired through the company's Employee Stock Purchase Plan (ESPP) on March 31, 2024 (105 shares), June 30, 2024 (112 shares), September 30, 2024 (132 shares), and December 31, 2024 (95 shares).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates