Burke & Herbert (BHRB) EVP granted 1,550 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TISSUE ROBERT S reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. executive vice president of financial strategy Robert S. Tissue reported receiving an equity award tied to company stock. He was granted 1,550 time-based restricted stock units that vest in three equal annual installments, each settling into one share of common stock.
After this grant, he directly holds 52,290 common shares. The filing also notes 373 common shares held indirectly through his spouse, reflecting household exposure to the stock rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TISSUE ROBERT S
Role
EVP, Financial Strategy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,550 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 52,290 shares (Direct);
Common Stock — 373 shares (Indirect, By Spouse)
Footnotes (1)
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FAQ
What insider transaction did BHRB executive Robert S. Tissue report?
Robert S. Tissue reported receiving an equity award in the form of restricted stock units. He was granted 1,550 time-based RSUs that will vest in three equal annual installments, each converting into one share of Burke & Herbert Financial Services Corp. common stock upon vesting.
Is the BHRB Form 4 transaction a stock purchase or an award?
The Form 4 shows an award, not an open-market stock purchase. Robert S. Tissue received 1,550 time-based restricted stock units at no stated purchase price, which will vest over three years and settle in shares of Burke & Herbert Financial Services Corp. common stock.
How do the 1,550 RSUs granted to the BHRB EVP vest?
The 1,550 restricted stock units vest in three equal annual installments. Each installment is contingent on Robert S. Tissue’s continued employment through the applicable vesting date, and every vested RSU will be settled in one share of Burke & Herbert Financial Services Corp. common stock.
Does the BHRB Form 4 include any insider sales of common stock?
The Form 4 does not report any insider sales of common stock. It records a grant of 1,550 time-based restricted stock units to Robert S. Tissue and discloses indirect ownership of 373 shares held by his spouse, without listing any sale transactions.