Burke & Herbert (BHRB) EVP exercises 2,749 rights and withholds shares for taxes
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. EVP, Chief Lending Officer Bradford E. Ritchie reported July 16, 2026 equity transactions. He exercised 2,749 Stock Settled Appreciation Rights at $51.58 per share for common stock and had 2,222 shares delivered at $70.76 per share to cover tax obligations, with 23,605 shares reported as directly owned after the tax-withholding entry.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 527 shares
Net Buy
3 txns
Insider
Ritchie Bradford E
Role
EVP, Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Settled Appreciation Rights | 2,749 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,749 | $51.58 | $142K |
| Exercise Price or Tax Liability | Common Stock | 2,222 | $70.76 | $157K |
Holdings After Transaction:
Stock Settled Appreciation Rights — 0 shares (Direct);
Common Stock — 23,605 shares (Direct)
Key Figures
Shares exercised: 2,749 shares
Exercise price: $51.58 per share
Shares delivered for taxes: 2,222 shares
+4 more
7 metrics
Shares exercised
2,749 shares
Stock Settled Appreciation Rights exercised into Common Stock on July 16, 2026
Exercise price
$51.58 per share
Conversion or exercise price of Stock Settled Appreciation Rights
Shares delivered for taxes
2,222 shares
Common Stock delivered at $70.76 per share to cover exercise price or tax liability
Tax-withholding price
$70.76 per share
Per-share value used for the tax-withholding disposition of Common Stock
Common shares after tax entry
23,605 shares
Direct Common Stock holdings reported following the tax-withholding disposition on July 16, 2026
Common shares after exercise entry
25,827 shares
Direct Common Stock holdings reported following the derivative exercise transaction
Derivative expiration date
2027-02-09
Expiration date of the Stock Settled Appreciation Rights that were exercised
Key Terms
Stock Settled Appreciation Rights, derivative security, tax liability, tax-withholding disposition
4 terms
Stock Settled Appreciation Rights financial
"Security title listed as Stock Settled Appreciation Rights in the derivative transaction."
derivative security financial
"Transaction code description notes exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax liability financial
"Description references payment of exercise price or tax liability by delivering securities."
tax-withholding disposition financial
"Transaction is characterized as a tax-withholding disposition of Common Stock."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did BHRB executive Bradford E. Ritchie report?
Bradford E. Ritchie reported exercising 2,749 Stock Settled Appreciation Rights into common stock and a related tax-withholding disposition of 2,222 shares on July 16, 2026, updating his directly held Burke & Herbert Financial Services Corp. shares.
What direct BHRB common stock holdings does Bradford E. Ritchie report after these transactions?
After the tax-withholding disposition entry, Ritchie is reported as directly owning 23,605 shares of Common Stock. A separate entry shows 25,827 shares immediately following the exercise leg before the tax-withholding adjustment.
Were Bradford E. Ritchie’s BHRB transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmed, and there is no referenced trading plan in the data provided, indicating these transactions are not identified as occurring under a pre-arranged 10b5-1 plan.
What derivative security did BHRB executive Bradford E. Ritchie exercise?
Ritchie exercised Stock Settled Appreciation Rights covering 2,749 underlying common shares at a conversion or exercise price of $51.58, and the derivative position shows 0 remaining after the exercise, with an original expiration date of February 9, 2027.