Riel Ryan 4

What Happened Riel Ryan, Senior Executive Vice President of Eagle Bancorp, was granted equity awards on February 19, 2026: 4,843 time‑vested restricted stock units (RSUs) and 9,764 stock options. The RSUs were granted at $0 cash cost (typical for awards) and will convert to shares as they vest. The options carry an exercise (strike) price of $26.45 per share; exercising them would require paying that price per share in the future.

Key Details

• Transaction date(s): February 19, 2026 (filed Feb 23, 2026). Filing appears timely under Form 4 rules.
• RSUs: 4,843 restricted stock units granted; vest in three substantially equal annual installments beginning on the first anniversary of the grant. (Footnote F1)
• Options: 9,764 options granted at $26.45 exercise price; vest in three equal annual installments beginning Feb 19, 2027. Award consists of 7,621 incentive stock options (ISOs) and 2,143 non‑qualified stock options (NQSOs). (Footnote F2)
• Price/Value: Grants recorded as $0 cash outlay at award; options would require $26.45/share to exercise in the future.
• Shares owned after transaction: Not reported in the provided details.
• No 10b5‑1 plan, tax withholding, or sale/exercise noted in the filing excerpts provided.

Context These transactions are grants of future compensation, not open‑market purchases or sales. RSUs and unexercised options do not represent immediate cash proceeds or share sales — they vest over time and may result in future stock ownership if vesting and (for options) exercise occur. Grants are commonly used for retention and incentives and should not be interpreted alone as a buy/sell signal.