Burke & Herbert CEO awarded 13,067 stock units
Burke & Herbert Financial Services Corp. Chair and CEO David P. Boyle received an equity award of 13,067 performance-based restricted stock units (PRSUs) under the Burke & Herbert Bank 2024–2025 Merger Incentive Plan.
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. Chair and CEO David P. Boyle received an equity award of 13,067 performance-based restricted stock units (PRSUs) under the Burke & Herbert Bank 2024–2025 Merger Incentive Plan. The PRSUs were reported as an acquisition of common stock at a price of $0 per share, bringing his directly held beneficial ownership to 62,980 common shares.
The award will vest in three annual installments beginning on May 3, 2026, as long as Boyle remains employed through each vesting date. Each vested PRSU will be settled in shares of Burke & Herbert Financial Services Corp. common stock within 60 days after the applicable vesting date, tying his compensation more closely to the company’s long-term performance and merger-related goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,067 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person received an award of 13,067 performance-based restricted stock units ("PRSUs") under the Burke & Herbert Bank 2024 - 2025 Merger Incentive Plan adopted May 1, 2024. The award will vest in three annual installments beginning on May 3, 2026, subject to the reporting person's continued employment through each applicable vesting date. Each vested PRSU will be settled in share of Burke & Herbert Financial Services Corp. common stock within 60 days of the vested date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BHRB report for David P. Boyle?
What plan governs the 13,067 PRSU award reported by BHRB?
When do the 13,067 PRSUs granted to the BHRB CEO vest?
How will the BHRB PRSUs for David P. Boyle be settled?
Is the reported BHRB insider transaction a purchase for cash?
AI-generated analysis. How Rhea-AI works. Not financial advice.