Burke & Herbert (BHRB) EVP exercises rights, 1,051 shares for taxes
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. executive Angela R. Zirk reported routine equity compensation activity in Common Stock. On July 1, 2026, she exercised 1,468 Stock Settled Appreciation Rights at $43.3300 per share, receiving an equivalent number of common shares.
To cover tax obligations, 1,051 common shares were disposed of at $72.7851 per share as a tax-withholding transaction, not an open-market sale. Following these transactions, she directly owns 3,287 common shares and indirectly owns 1,928 shares through an IRA, with 1,101 Stock Settled Appreciation Rights remaining outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 417 shares
Net Buy
4 txns
Insider
Zirk Angela R
Role
EVP, Chief Experience Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Settled Appreciation Rights | 1,468 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,468 | $43.33 | $64K |
| Exercise Price or Tax Liability | Common Stock | 1,051 | $72.7851 | $76K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Settled Appreciation Rights — 1,101 shares (Direct);
Common Stock — 3,287 shares (Direct);
Common Stock — 1,928 shares (Indirect, By IRA)
Key Figures
Shares exercised: 1,468 shares
Exercise price: $43.3300 per share
Tax withholding shares: 1,051 shares
+4 more
7 metrics
Shares exercised
1,468 shares
Stock Settled Appreciation Rights exercised into Common Stock on July 1, 2026
Exercise price
$43.3300 per share
Exercise price of Stock Settled Appreciation Rights
Tax withholding shares
1,051 shares
Shares disposed to cover tax liability on July 1, 2026
Tax withholding price
$72.7851 per share
Price per share for tax-withholding disposition
Direct shares after transactions
3,287 shares
Direct Common Stock ownership following transactions
Indirect IRA shares
1,928 shares
Common Stock held indirectly through IRA
Remaining SARs
1,101 Stock Settled Appreciation Rights
Derivative position remaining after exercise, expiring July 15, 2031
Key Terms
Stock Settled Appreciation Rights, tax-withholding disposition, derivative exercise/conversion, IRA
4 terms
Stock Settled Appreciation Rights financial
"The security title for the derivative transaction is Stock Settled Appreciation Rights."
tax-withholding disposition financial
"The F-coded transaction is described as a tax-withholding disposition."
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.
derivative exercise/conversion financial
"The M-coded transactions are labeled as derivative exercise/conversion."
IRA financial
"Indirect ownership of Common Stock is reported as 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did BHRB executive Angela Zirk report on July 1, 2026?
Angela R. Zirk exercised 1,468 Stock Settled Appreciation Rights into common shares and had 1,051 shares disposed to cover tax liabilities. These transactions reflect routine equity compensation activity rather than open-market buying or selling.
Does Angela Zirk still hold any Stock Settled Appreciation Rights in BHRB?
Yes. After exercising 1,468 Stock Settled Appreciation Rights into common shares, Angela Zirk still has 1,101 Stock Settled Appreciation Rights outstanding, with an original exercise price of $43.3300 and an expiration date of July 15, 2031.