Eagle Bancorp (EGBN) CEO Curley Receives Equity Awards

What Happened
Curley Stephen Russell, President, CEO and Director of Eagle Bancorp, Inc. (EGBN), was granted time‑vested restricted stock units (RSUs) and non‑qualified stock options on August 10, 2026. The filing shows 8,683 RSUs (sign‑on/inducement), 41,606 RSUs (make‑whole inducement), 17,045 options (sign‑on), and 59,565 options (make‑whole). All RSUs were granted at $0.00 (awards); the options have an exercise price of $27.64 per share. These awards were grants (code A on the Form 4), not sales or purchases for cash.

Key Details

• Transaction date: August 10, 2026; Form 4 filed August 12, 2026 (timely within required reporting window).
• Grants: 50,289 RSUs total (8,683 sign‑on; 41,606 make‑whole) — issued at $0.00 (awarded).
• Options: 76,610 non‑qualified stock options total (17,045 sign‑on; 59,565 make‑whole) — exercise price $27.64 per share. Options are not exercised; they are granted.
• Vesting:
  • 8,683 RSUs vest in three substantially equal annual installments beginning on the first anniversary of grant.
  • 41,606 RSUs vest in four substantially equal annual installments beginning on the first anniversary of grant.
  • 17,045 options vest in three equal annual installments beginning Aug 10, 2027.
  • 59,565 options vest in four equal annual installments beginning Aug 10, 2027.
• Award type/authority: Grants were issued as inducement awards under Nasdaq listing rules and are subject to the Eagle Bancorp, Inc. 2025 Equity Incentive Plan as provided in the award agreements.
• Shares owned after the transaction: Not stated in the provided summary (check full Form 4 for post‑grant ownership totals).
• No indication in the filing of tax withholding, 10b5‑1 plans, cashless exercise, or late filing.

Context

• RSUs are awards that convert to shares upon vesting; options give the holder the right to buy shares at $27.64 if and when vested and exercised. These grants increase potential future ownership but do not immediately transfer saleable shares (except as RSUs vest).
• These awards were made as inducement and make‑whole grants tied to the CEO’s hiring/compensation arrangements; such grants are routine for executive hiring and retention and are reported as awards rather than market purchases.