CEO at Burke & Herbert (BHRB) granted 9,740 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. reported that Chair and CEO David P. Boyle acquired an equity award on common stock in the form of 9,740 time-based restricted stock units (RSUs). The award was granted at a price of $0.00 per unit.
The RSUs vest in three equal annual installments, conditioned on Boyle’s continued employment through each vesting date. Each RSU will be settled in one share of Burke & Herbert common stock upon vesting. After this grant, Boyle directly holds 72,720 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOYLE DAVID P
Role
Chair & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,740 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 72,720 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Burke & Herbert (BHRB) report for David P. Boyle?
Burke & Herbert reported that Chair and CEO David P. Boyle received an equity award of 9,740 time-based restricted stock units (RSUs). These RSUs represent contingent rights to receive common shares, expanding his long-term, stock-based compensation rather than reflecting an open-market purchase or sale.
How many restricted stock units did BHRB grant to its CEO David P. Boyle?
David P. Boyle was granted 9,740 time-based restricted stock units. Each RSU represents a right to receive one share of Burke & Herbert common stock, subject to vesting conditions tied to continued employment across three annual vesting dates.
What is the vesting schedule for David P. Boyle’s 9,740 RSUs at BHRB?
The 9,740 RSUs granted to David P. Boyle vest in three equal annual installments. Each installment requires that he remain employed through the applicable vesting date, aligning the award with ongoing service over the multi-year period.
How will David P. Boyle’s RSUs at Burke & Herbert (BHRB) be settled?
Each restricted stock unit granted to David P. Boyle will be settled in one share of Burke & Herbert common stock. Settlement occurs as the RSUs vest over time, turning the units into actual shares rather than immediate cash compensation.
What is David P. Boyle’s direct common stock holding in BHRB after this award?
After receiving the RSU-related acquisition reported, David P. Boyle directly holds 72,720 shares of Burke & Herbert common stock. This total reflects his ownership immediately following the grant of 9,740 restricted stock units tied to future share settlement.