On March 16, 2026, Eagle Bancorp, Inc. announced the approval of continuity awards for its senior management team, excluding the Chief Executive Officer, Susan Riel, who has expressed her intention to retire. The Compensation Committee of the Board of Directors approved these awards to ensure a stable transition and retain key leadership during this period of change. The 2026 Continuity Awards consist of a cash component and an equity component in the form of restricted stock units (RSUs). The cash awards will be distributed on March 27, 2026, with amounts set at $425,000 for Eric R. Newell, $325,000 for Evelyn K. Lee, and $425,000 for Ryan A. Riel. These cash awards are subject to repayment conditions if the recipients resign voluntarily or are terminated for cause before June 30, 2027. The equity component includes 4,086 RSUs for each of the named executive officers, valued at approximately $100,000 on the grant date, which will vest after three years. This strategic move aims to promote continuity within the management team and support the company's operational execution during the leadership transition. The terms of the awards were developed with input from an independent compensation consultant, ensuring that they align with best practices in governance and compensation. The continuity awards are part of Eagle Bancorp's broader strategy to maintain stability and confidence among its leadership during a critical time for the company.

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