Lee Evelyn 4

What Happened Evelyn Lee, EVP and Chief Commercial & Industrial Lending Officer of Eagle Bancorp (EGBN), was granted equity awards on February 19, 2026: 4,223 time‑vested restricted stock units (RSUs) and 8,513 stock options. The RSUs and options were reported as acquisitions at $0.00 (these are compensation grants, not open‑market purchases). The options have an exercise price of $26.45 per share. The reported dollar value of the awards is not provided in the filing.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (four days after the grant).
• Price reported: $0.00 for both the RSU award and the option grant (standard for compensatory grants).
• RSUs: 4,223 time‑vested restricted stock units (vest in three substantially equal annual installments beginning on the first anniversary of grant). (Footnote F1)
• Options: 8,513 options (exercise price $26.45); vest in three equal annual installments beginning February 19, 2027. Comprised of 7,621 incentive stock options (ISOs) and 892 non‑qualified stock options (NSOs). (Footnote F2)
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Form 4 was filed four days after the reported grants (Feb 23 vs Feb 19), which is beyond the typical 2‑business‑day reporting window and may indicate a late filing.

Context These awards are compensation grants intended to retain and incentivize the executive; they are not open‑market purchases or sales and do not represent an immediate cash outlay by the insider. The RSUs will convert to shares as they vest; the options are not exercisable immediately and will vest starting Feb 19, 2027. For retail investors, compensated grants are common and should be interpreted differently than direct purchases or sales — purchases can signal a stronger personal conviction than routine awards.