Director at Burke & Herbert (BHRB) gets 1,000-share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snyder Kristen reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. director Kristen Snyder received an equity award of 1,000 shares of Common Stock as a grant for board service. According to the footnote, these are restricted stock units that vest on the first anniversary of the grant date, subject to continued service and meeting attendance requirements. Following this award, Snyder holds 9,418 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Snyder Kristen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,418 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 1,000 shares
Shares held after transaction: 9,418 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Equity award size
1,000 shares
Grant of restricted stock units for director service
Shares held after transaction
9,418 shares
Total Common Stock directly held by Kristen Snyder after grant
Grant price per share
$0.00 per share
Reported transaction price for the 1,000-share grant
Vesting schedule
1-year cliff vesting
Units vest on first anniversary of grant date, subject to conditions
Key Terms
Restricted stock units, vest, attendance requirements, Grant, award, or other acquisition
4 terms
Restricted stock units financial
"Restricted stock units awarded for service as a director."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"The units vest on the first anniversary of the grant date, subject to continued service..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
attendance requirements financial
"...subject to continued service and satisfaction of attendance requirements."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Burke & Herbert (BHRB) report for Kristen Snyder?
Burke & Herbert reported that director Kristen Snyder received a grant of 1,000 shares of Common Stock as restricted stock units for board service. This is a compensation-related equity award, not an open-market purchase or sale of shares.
What are the vesting terms of Kristen Snyder’s restricted stock units at Burke & Herbert (BHRB)?
The restricted stock units awarded to Kristen Snyder vest on the first anniversary of the grant date. Vesting is contingent on her continued service as a director and satisfying specified attendance requirements during the vesting period.
Was Kristen Snyder’s Burke & Herbert (BHRB) equity grant an open-market purchase?
No. The Form 4 describes Kristen Snyder’s 1,000-share transaction as a grant or award acquisition. A footnote clarifies that these are restricted stock units granted for director service, not shares bought or sold in the open market.
Why did Burke & Herbert (BHRB) grant restricted stock units to director Kristen Snyder?
The filing states the restricted stock units were awarded for service as a director. This type of equity grant is a form of non-cash compensation, aligning a director’s interests with shareholders by tying part of pay to company stock performance.