Newell Eric R 4
Research Summary
AI-generated summary
Eagle Bancorp (EGBN) CFO Eric Newell Receives Equity Awards
What Happened
- Eric R. Newell, Senior Executive Vice President and CFO of Eagle Bancorp, Inc. (EGBN), received equity awards on Feb 19, 2026: 5,248 time‑vested restricted stock units (RSUs) and 10,580 stock options. Both grants are reported at $0 acquisition price (typical for awards).
- The options have an exercise price of $26.45 per share; the option award was split into 7,621 incentive stock options (ISOs) and 2,959 non‑qualified stock options (NQSOs). Neither the RSUs nor the options were exercised or sold — these are grants, not purchases or disposals.
Key Details
- Transaction date: Feb 19, 2026; Form filed Feb 23, 2026.
- RSUs: 5,248 shares granted; vest in three substantially equal annual installments starting on the first anniversary of the grant. (Footnote F1)
- Options: 10,580 options granted at $26.45 exercise price; vest in three equal annual installments beginning Feb 19, 2027; comprised of 7,621 ISOs and 2,959 NQSOs. (Footnote F3)
- Holdings: The filing notes the reporting person’s holdings include 58 shares acquired under the 2021 Employee Stock Purchase Plan on Dec 31, 2025 (Footnote F2). The Form does not list a consolidated total number of shares owned after these grants.
- No 10b5‑1 plan, tax‑withholding sale, or immediate exercise/sale was reported in this filing.
Context
- These transactions are awards (A) — future ownership depends on vesting (RSUs) and later exercise (options). They do not reflect an immediate purchase or sale of shares and should be viewed as part of compensation rather than an immediate market signal.
- The options’ exercise price ($26.45) sets the price at which Newell could buy shares after vesting; no cashless exercise or sale was reported.