Burke & Herbert (BHRB) EVP receives 1,000 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rowan Shannon Barrow reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. executive Rowan Shannon Barrow, EVP of Wealth Services, received an equity award in the form of 1,000 time-based restricted stock units of common stock. The award vests in three equal annual installments, conditioned on continued employment through each vesting date.
Each restricted stock unit will be settled in one share of Burke & Herbert Financial Services Corp. common stock when it vests, increasing Barrow’s direct equity stake over time. Following this grant, Barrow directly holds 5,060 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rowan Shannon Barrow
Role
EVP, Wealth Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,060 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BHRB report for Rowan Shannon Barrow?
Rowan Shannon Barrow received an award of 1,000 time-based restricted stock units of Burke & Herbert Financial Services Corp. common stock. These RSUs are a form of equity compensation that will convert into shares as they vest over time.
How do the 1,000 RSUs granted to the BHRB executive vest?
The 1,000 RSUs granted to Rowan Shannon Barrow vest in three equal annual installments. Each installment requires Barrow to remain employed through the applicable vesting date before the units convert into common shares.
What does each restricted stock unit represent in the BHRB Form 4 filing?
Each restricted stock unit awarded to Rowan Shannon Barrow represents the right to receive one share of Burke & Herbert Financial Services Corp. common stock. Settlement occurs upon vesting, effectively delivering actual shares as the vesting conditions are satisfied.
Was the BHRB executive’s RSU award a purchase or a compensation grant?
The transaction was a compensation grant, not an open-market purchase. Rowan Shannon Barrow received 1,000 time-based restricted stock units as an award, recorded with a transaction code indicating grant, award, or other acquisition on the Form 4.