Eagle Bancorp (EGBN) director restructures 3,000-share family trust stake
Rhea-AI Filing Summary
Eagle Bancorp Inc director Trevor Montano reported an internal restructuring of indirect holdings in 3,000 shares of common stock. On May 30, 2026, 3,000 indirectly held shares were disposed of from a parent account under power of attorney and the same number were acquired by the 2014 Montano Family Trust. Montano serves as trustee and is a beneficiary of the trust, so the report reflects a change in the entity holding the shares rather than a market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Montano Trevor
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Estate Transfer | Common Stock | 3,000 | $0.00 | $0.00 |
| Estate Transfer | Common Stock F1 | 3,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By Parent (POA));
Common Stock — 3,000 shares (Indirect, By 2014 Montano Family Trust dated October 17, 2014)
Footnotes (1)
- F1. The reporting person serves as trustee for the trust and is a beneficiary of the trust.
Key Figures
Shares disposed by parent account: 3,000 shares
Shares acquired by family trust: 3,000 shares
Shares held after transaction (trust): 3,000 shares
+1 more
4 metrics
Shares disposed by parent account
3,000 shares
Indirect holding "By Parent (POA)" after disposition on May 30, 2026
Shares acquired by family trust
3,000 shares
Indirect holding "By 2014 Montano Family Trust" on May 30, 2026
Shares held after transaction (trust)
3,000 shares
Total indirect shares following transaction for the 2014 Montano Family Trust
Restructuring share total
6,000 shares
Transaction summary restructuringShares across both estate or will transfers
Key Terms
indirect ownership, power of attorney (POA), laws of descent and distribution, trustee
4 terms
indirect ownership financial
"Both holdings are reported as indirect ownership through related entities."
power of attorney (POA) financial
"One indirect position is described as held "By Parent (POA)"."
laws of descent and distribution regulatory
"Transfers are coded as acquisition or disposition by will or laws of descent and distribution."
trustee financial
"The reporting person serves as trustee for the trust and is a beneficiary of the trust."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Eagle Bancorp (EGBN) director Trevor Montano report?
Trevor Montano reported an internal restructuring involving 3,000 shares of Eagle Bancorp common stock. Shares moved from a parent account under power of attorney to the 2014 Montano Family Trust via an estate or will transfer, not an open-market trade.
Were the Eagle Bancorp (EGBN) insider transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is marked as not applicable for a trading plan. Combined with the estate or will transfer code, the transactions are characterized as a restructuring of how shares are held, not pre-planned trading activity.