Mathews Louis P. Jr. 4
Research Summary
AI-generated summary
Eagle Bancorp (EGBN) Director Louis P. Mathews Jr. Receives 9,073-Share Award
What Happened
Louis P. Mathews Jr., a director of Eagle Bancorp, received an award of 9,073 restricted shares on 2026-02-19. The grant is recorded as an acquisition at $0.00 per share (total reported value $0) and represents a time‑vested restricted stock award under the company's 2025 Equity Incentive Plan. This is a compensation grant (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed within the SEC’s two-business-day window).
- Price: $0.00 per share; Shares acquired: 9,073.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: Award vests on the first anniversary of the grant and must be held for an additional two‑year holding period after vesting (effectively a three‑year retention from grant).
- Transaction code: A (award/grant).
Context
Time‑vested restricted stock is a form of compensation that typically cannot be sold until vesting and any contractual holding periods expire. Because this was a grant, it reflects compensation or long‑term retention measures rather than an immediate trading signal.