Burke & Herbert (BHRB) EVP awarded 3,080 merger incentive PRSUs
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. executive vice president of financial strategy Robert S. Tissue reported an equity award linked to the company’s merger incentive plan. On January 22, 2026, he received 3,080 performance-based restricted stock units (PRSUs) under the Burke & Herbert Bank 2024–2025 Merger Incentive Plan, recorded as an acquisition of common stock at a price of $0 per share. These PRSUs will vest in three annual installments beginning on May 3, 2026, conditioned on his continued employment through each vesting date, and each vested unit will be settled in a share of Burke & Herbert common stock within 60 days of vesting. Following this award, Tissue is shown as beneficially owning 50,740 shares of common stock directly, with an additional 373 shares reported as indirectly owned through his spouse.
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FAQ
What did Burke & Herbert (BHRB) disclose about Robert S. Tissue in this Form 4?
The filing shows that EVP, Financial Strategy Robert S. Tissue received an equity award tied to the company’s merger incentive plan, reported as an acquisition of common stock on January 22, 2026.
How many performance-based restricted stock units did Robert S. Tissue receive from BHRB?
He received an award of 3,080 performance-based restricted stock units (PRSUs) under the Burke & Herbert Bank 2024–2025 Merger Incentive Plan.
What is the vesting schedule for Robert S. Tissue’s 3,080 PRSUs at Burke & Herbert (BHRB)?
The PRSUs will vest in three annual installments beginning on May 3, 2026, subject to his continued employment through each applicable vesting date.
How will the Burke & Herbert PRSUs be settled once vested?
Each vested PRSU will be settled in one share of Burke & Herbert Financial Services Corp. common stock within 60 days of the vesting date.
How many Burke & Herbert (BHRB) shares does Robert S. Tissue beneficially own after this award?
After the reported transaction, he beneficially owns 50,740 shares of common stock directly and 373 shares indirectly, held by his spouse.
What role does the 2024–2025 Merger Incentive Plan play in this BHRB Form 4?
The Burke & Herbert Bank 2024–2025 Merger Incentive Plan, adopted on May 1, 2024, is the plan under which Tissue’s 3,080 PRSU award was granted.