Burke & Herbert Financial (BHRB) EVP exercises 17,120 rights, 12,914 withheld
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. executive vice president Robert S. Tissue exercised a total of 17,120 stock-settled appreciation rights into common stock on July 30, 2026.
The exercises produced common shares at $43.33 and $52.29 per share, with 12,914 shares at $73.63 withheld to satisfy exercise-price or tax obligations. An additional 373 shares are reported as held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,206 shares
Net Buy
6 txns
Insider
TISSUE ROBERT S
Role
EVP, Balance Sheet Strategy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Settled Appreciation Rights | 8,684 | $0.00 | $0.00 |
| Exercise | Stock Settled Appreciation Rights | 8,436 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,684 | $43.33 | $376K |
| Exercise | Common Stock | 8,436 | $52.29 | $441K |
| Exercise Price or Tax Liability | Common Stock | 12,914 | $73.63 | $951K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Settled Appreciation Rights — 0 shares (Direct);
Common Stock — 58,064 shares (Direct);
Common Stock — 373 shares (Indirect, By Spouse)
Key Figures
Stock rights exercised: 17,120 shares
Exercise price (first grant): $43.33 per share
Exercise price (second grant): $52.29 per share
+2 more
5 metrics
Stock rights exercised
17,120 shares
Aggregate common shares from derivative exercises on July 30, 2026
Exercise price (first grant)
$43.33 per share
8,684 stock-settled appreciation rights exercised into common stock on July 30, 2026
Exercise price (second grant)
$52.29 per share
8,436 stock-settled appreciation rights exercised into common stock on July 30, 2026
Shares withheld for tax or exercise
12,914 shares at $73.63 per share
Common stock disposed of under code F on July 30, 2026
Indirect spouse holdings
373 shares
Common stock held indirectly by spouse after the reported transactions
Key Terms
Stock Settled Appreciation Rights, derivative security, exercise-price-or-tax-liability disposition
3 terms
Stock Settled Appreciation Rights financial
"security_title: Stock Settled Appreciation Rights, exercised into common stock"
derivative security financial
"transaction_code_description: 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.
exercise-price-or-tax-liability disposition financial
"transaction_action: exercise-price-or-tax-liability disposition of common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did BHRB executive Robert S. Tissue report in this Form 4?
Robert S. Tissue, an EVP at BHRB, reported exercising 17,120 stock-settled appreciation rights into common stock on July 30, 2026, with a portion of the resulting shares withheld to cover exercise-price or tax obligations.
How many stock-settled appreciation rights did BHRB EVP Tissue exercise?
He exercised a total of 17,120 stock-settled appreciation rights, consisting of 8,684 rights at an exercise price of $43.33 per share and 8,436 rights at an exercise price of $52.29 per share.
Were the BHRB transactions made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is marked false, indicating the transactions are not affirmed as having been executed pursuant to a Rule 10b5-1 trading plan, based on the disclosure provided.
What types of securities are involved in this BHRB Form 4 filing?
The transactions involve Stock Settled Appreciation Rights, which are derivative securities, being exercised into common stock, followed by an F-code disposition where some common shares were withheld for exercise-price or tax-liability purposes.