Burke & Herbert (BHRB) COO awarded 9,743-share stock grant, holds 20,228 shares

Rhea-AI Filing Summary

Burke & Herbert Financial Services Corp. executive Carl D. Lundblad reported a new equity award of 9,743 shares of common stock. The shares were acquired as a grant at a price of $0.00 per share, increasing his directly held stake to 20,228 shares.

The filing also lists 1,710 shares of common stock held indirectly through an IRA. A related footnote explains that the grant takes the form of restricted stock units that will vest in two equal annual installments, on the first and second anniversaries of the grant date, and each vested unit will be settled in one share of common stock. This is a compensation-related acquisition rather than an open-market purchase or sale.

Insights

Equity compensation analyst

Routine equity grant increases COO's stake without open-market trading.

Executive Vice President and COO Carl D. Lundblad received a grant of 9,743 shares of Burke & Herbert Financial Services Corp. common stock at $0.00 per share. This is characterized as a grant or award, typical of stock-based executive compensation rather than a market transaction.

Following the grant, directly held shares total 20,228, with an additional 1,710 shares held indirectly via an IRA. A footnote clarifies these are restricted stock units vesting in two equal installments on the first and second anniversaries of the grant date, each settling into one share of common stock. The filing shows no buys or sells in the open market, and transaction summaries are net-neutral on buy/sell activity, making this a routine compensation disclosure rather than a directional trading signal.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider LUNDBLAD CARL D

Role EVP, Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,743	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 20,228 shares (Direct, null); Common Stock — 1,710 shares (Indirect, By IRA)

Footnotes (1)

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Key Figures

Equity grant: 9,743 shares Direct holdings after grant: 20,228 shares Indirect IRA holdings: 1,710 shares +1 more

4 metrics

Equity grant 9,743 shares Common stock grant at $0.00 per share

Direct holdings after grant 20,228 shares Common stock directly held after transaction

Indirect IRA holdings 1,710 shares Common stock held indirectly through IRA

Grant price $0.00 per share Compensation-related award, not open-market purchase

Key Terms

Restricted Stock Units, grant, award, or other acquisition, indirect ownership, IRA, +1 more

5 terms

Restricted Stock Units financial

"The RSUs will vest in two equal annual installments on the first and second anniversary of the grant date"

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.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

indirect ownership financial

"direct_or_indirect: I, nature_of_ownership: By IRA"

IRA financial

"nature_of_ownership: By IRA"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LUNDBLAD CARL D

(Last) (First) (Middle)

100 SOUTH FAIRFAX STREET

(Street)

ALEXANDRIA VIRGINIA 22314

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Burke & Herbert Financial Services Corp. [ BHRB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		A		9,743(1)	A	$0	20,228	D
Common Stock								1,710	I	By IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The RSUs will vest in two equal annual installments on the first and second anniversary of the grant date, subject to the reporting person's continued employment through each applicable vesting date. Each RSU will be settled in a share of Burke & Herbert Financial Services Corp. common stock.

Remarks:

	/s/ Matthew Rucker, as Attorney-in-Fact for Carl D. Lundblad	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did BHRB executive Carl D. Lundblad report in this Form 4 filing?

Carl D. Lundblad reported receiving a grant of 9,743 shares of Burke & Herbert Financial Services Corp. common stock. The award increased his directly held position to 20,228 shares and reflects stock-based compensation, not an open-market stock purchase or sale.

How many Burke & Herbert (BHRB) shares does Carl D. Lundblad hold after the reported grant?

After the reported grant, Carl D. Lundblad directly holds 20,228 shares of Burke & Herbert common stock. The filing also shows 1,710 shares held indirectly through an IRA, giving investors a clearer view of his total reported equity exposure in the company.

Was the BHRB Form 4 transaction an open-market buy or sell of shares?

The Form 4 does not show any open-market buys or sells. Instead, it reports a grant or award acquisition of 9,743 shares at a price of $0.00 per share, indicating compensation-related stock issuance rather than discretionary trading in Burke & Herbert shares.

How do the restricted stock units in this BHRB filing vest?

The restricted stock units vest in two equal annual installments. Vesting occurs on the first and second anniversaries of the grant date, assuming continued employment, and each vested RSU is settled in one share of Burke & Herbert Financial Services Corp. common stock.

What does indirect ownership by IRA mean in Carl D. Lundblad’s BHRB holdings?

Indirect ownership by IRA means 1,710 Burke & Herbert shares are held in an individual retirement account for Carl D. Lundblad’s benefit. These shares are reported as indirectly owned, complementing his 20,228 directly held shares disclosed in the same Form 4 filing.