Barnwell Jr. trust buys 5,000 Burke & Herbert (BHRB) shares at $63.05
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. director Julian Forrest Barnwell Jr. reported an indirect open-market purchase of 5,000 shares of common stock at $63.0464 per share, held as trustee for the Patricia Barnwell Irrevocable Trust, bringing that trust’s holdings to 208,939 shares. The amended Form 4 is filed solely to add the reporting person’s updated power of attorney as an exhibit; the original filing otherwise remains unchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
5 txns
Insider
Barnwell Julian Forrest Jr.
Role
Director
Bought
5,000 shs ($315K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $63.0464 | $315K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 208,939 shares (Indirect, Trustee for Patricia Barnwell Irrevocable Trust);
Common Stock — 21,580 shares (Direct);
Common Stock — 84,083 shares (Indirect, Trustee for Barnwell Family Trust);
Common Stock — 91,361 shares (Indirect, Trustee for Barnwell Charitable Lead Trust);
Common Stock — 1,000 shares (Indirect, Julian F Barnwell, Jr Irrevocable Trust)
Footnotes (1)
- F1. This amendment is being filed solely to add the reporting person's updated power of attorney as an exhibit to the original filing, which otherwise remains unchanged.
Key Figures
Shares purchased: 5,000 shares
Purchase price: $63.0464 per share
Trust holdings after purchase: 208,939 shares
+3 more
6 metrics
Shares purchased
5,000 shares
Open-market purchase of common stock
Purchase price
$63.0464 per share
Price for 5,000-share common stock purchase
Trust holdings after purchase
208,939 shares
Patricia Barnwell Irrevocable Trust common stock holdings
Direct holdings
21,580 shares
Common stock held directly by reporting person
Charitable trust holdings
91,361 shares
Common stock held as trustee for Barnwell Charitable Lead Trust
Family trust holdings
84,083 shares
Common stock held as trustee for Barnwell Family Trust
Key Terms
open-market purchase, indirect ownership, power of attorney, Form 4/A
4 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"ownership_type": "indirect"
power of attorney regulatory
"add the reporting person's updated power of attorney as an exhibit"
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.
Form 4/A regulatory
"This amendment is being filed solely to add the reporting person's updated power of attorney"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BHRB director Julian Barnwell Jr. report?
Director Julian Forrest Barnwell Jr. reported an indirect open-market purchase of 5,000 Burke & Herbert common shares. The shares are held as trustee for the Patricia Barnwell Irrevocable Trust, reflecting additional exposure through that trust rather than a direct personal account.
What is the purpose of this amended Form 4/A for Burke & Herbert (BHRB)?
The amended Form 4/A is filed solely to add Julian Forrest Barnwell Jr.’s updated power of attorney as an exhibit. According to the disclosure, all other information in the original Form 4 remains unchanged, including the previously reported 5,000-share purchase transaction.
Does Julian Barnwell Jr. report other indirect BHRB holdings in trusts?
Yes. The filing lists additional indirect holdings in several trusts, including the Julian F Barnwell Jr Irrevocable Trust and the Barnwell Family Trust. These entries are shown as holdings with updated totals, rather than newly reported purchase or sale transactions in this amendment.