Eagle Bancorp director files initial share holdings
EAGLE BANCORP INC director Trevor Montano filed an initial ownership report on Form 3, listing his holdings of the company’s common stock.
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Form Type
3
Rhea-AI Filing Summary
EAGLE BANCORP INC director Trevor Montano filed an initial ownership report on Form 3, listing his holdings of the company’s common stock. The filing shows 20,000 shares held directly, 25,000 shares held indirectly through an IRA, and 3,000 shares held in the account of James Montano under a power of attorney, for which he disclaims beneficial ownership. The report lists existing positions and does not show any buy or sell transactions.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Montano Trevor
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,000 shares (Direct);
Common Stock — 25,000 shares (Indirect, By IRA);
Common Stock — 3,000 shares (Indirect, By Parent (POA))
Footnotes (1)
- F1. Shares held in the account of James Montano, for whom the reporting person serves under a power of attorney. The reporting person disclaims beneficial ownership of these securities and has no pecuniary interest in them and no opportunity, directly or indirectly, to profit or share in any profit derived from transactions in the shares.
Key Figures
Direct common stock holdings: 20,000 shares
IRA common stock holdings: 25,000 shares
Shares under power of attorney: 3,000 shares
+2 more
5 metrics
Direct common stock holdings
20,000 shares
Total shares following reporting for direct ownership
IRA common stock holdings
25,000 shares
Total shares following reporting for IRA indirect ownership
Shares under power of attorney
3,000 shares
Held in James Montano account; beneficial ownership disclaimed
Holding entries
3 entries
Number of common stock holding lines reported
Unknown transaction entries
3 entries
All reported as holdings with unknown transaction code
Key Terms
Form 3, beneficial ownership, pecuniary interest, power of attorney, +1 more
5 terms
Form 3 regulatory
"filed an initial ownership report on Form 3, listing his holdings"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"has no pecuniary interest in them and no opportunity, directly or indirectly,"
power of attorney financial
"for whom the reporting person serves under a power of attorney."
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
IRA financial
"nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Trevor Montano’s Form 3 for EGBN report?
The Form 3 reports Trevor Montano’s initial ownership of Eagle Bancorp common stock, including direct holdings, shares in an IRA, and shares held under a power of attorney where he disclaims beneficial ownership and pecuniary interest.
Are there any buy or sell transactions in Trevor Montano’s EGBN Form 3?
No buy or sell transactions are reported. The Form 3 only presents existing holdings, with transaction codes and share amounts not indicating purchases or sales and the summary showing zero buy and zero sell counts.
How are indirect Eagle Bancorp (EGBN) holdings classified in this Form 3?
Indirect holdings are split between 25,000 common shares held via an IRA and 3,000 shares in another person’s account under a power of attorney. The filer notes indirect ownership for both, while expressly disclaiming beneficial ownership of the 3,000-share position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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