Saltzman Paul 4
Research Summary
AI-generated summary
Eagle Bancorp (EGBN) EVP Paul Saltzman Withholds 368 Shares for Taxes
What Happened
- Paul Saltzman, EVP and Chief Legal Officer of Eagle Bancorp (EGBN), disposed of 368 shares on Feb 26, 2026 to satisfy tax withholding obligations. The shares were valued at $26.33 each, for a total of approximately $9,689. This was a tax-withholding disposition tied to the partial vesting of a previously granted restricted stock award, not an open-market sale driven by trading intent.
Key Details
- Transaction date and price: Feb 26, 2026 — 368 shares withheld at $26.33 per share.
- Total value: ~ $9,689.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Shares were withheld to satisfy tax withholding obligations related to partial vesting of a restricted stock award granted on Feb 26, 2025.
- Transaction type: Code F — tax withholding (routine disposal to cover taxes), not a purchase or voluntary sale.
- Filing timeliness: Form 4 filed Mar 2, 2026 (appears timely per standard Form 4 reporting requirements).
Context
- Tax-withholding disposals are common when restricted stock vests; they are administrative and typically do not signal insider sentiment about the company's prospects.