Burke & Herbert HR chief exercises 2,836 stock rights
Burke & Herbert Financial Services Corp. executive Danyl R Freeman, Chief Human Resources Officer, exercised 2,836 Stock Settled Appreciation Rights into 2,836 shares of common stock at an exercise price of $43.33 per share on 2026-07-29.
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. executive Danyl R Freeman, Chief Human Resources Officer, exercised 2,836 Stock Settled Appreciation Rights into 2,836 shares of common stock at an exercise price of $43.33 per share on 2026-07-29.
In a related transaction, 2,002 common shares were withheld at $74.08 per share to pay the exercise price or associated tax liability. The filing also reports 6,106 common shares held indirectly through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,836 shares exercised/converted
Exercise
4 txns
Insider
Freeman Danyl R
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Settled Appreciation Rights | 2,836 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,836 | $43.33 | $123K |
| Exercise Price or Tax Liability | Common Stock | 2,002 | $74.08 | $148K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Settled Appreciation Rights — 0 contracts (Direct);
Common Stock — 4,685 shares (Direct);
Common Stock — 6,106 shares (Indirect, By IRA)
Key Figures
Derivative exercise: 2,836 shares
Exercise price: 43.33 per share
Shares withheld: 2,002 shares
+3 more
6 metrics
Derivative exercise
2,836 shares
Stock Settled Appreciation Rights converted to common stock on 2026-07-29
Exercise price
43.33 per share
Exercise or conversion price of Stock Settled Appreciation Rights
Shares withheld
2,002 shares
Common stock withheld to pay exercise price or tax liability at $74.08
Withholding price
74.08 per share
Per-share value used for payment of exercise price or tax liability
Indirect IRA holdings
6,106 shares
Common stock held indirectly by IRA as reported in the Form 4
SARs expiration date
2031-07-15
Expiration date of the Stock Settled Appreciation Rights if unexercised
Key Terms
Stock Settled Appreciation Rights, exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities
3 terms
Stock Settled Appreciation Rights financial
"security_title: Stock Settled Appreciation Rights"
exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BHRB’s Chief Human Resources Officer report?
Chief Human Resources Officer Danyl R Freeman exercised 2,836 Stock Settled Appreciation Rights at an exercise price of $43.33 per share, receiving 2,836 Burke & Herbert common shares. A related transaction withheld 2,002 of those shares to satisfy the exercise price or tax obligations.
What derivative security did the BHRB insider exercise and at what price?
The insider at BHRB exercised Stock Settled Appreciation Rights covering 2,836 underlying shares at an exercise or conversion price of $43.33 per share. These rights are scheduled to expire on 2031-07-15 if not exercised earlier.
Does this BHRB Form 4 report any open-market stock sales or purchases?
No open-market purchases or sales of BHRB common stock are reported. The Form 4 instead records a derivative exercise that delivered shares, plus a separate withholding of 2,002 shares to cover the exercise price or related tax liability.
Were the reported BHRB transactions made under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not marked for these BHRB transactions, and the footnotes do not describe any trading plan. The Form 4 therefore does not indicate that these derivative and withholding transactions occurred under a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
