Burke & Herbert (NASDAQ: BHRB) COO granted 1,320 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. Chief Operating Officer Joseph Hager reported an equity award of 1,320 shares of common stock in the form of time-based restricted stock units. The award was granted at a price of $0.0000 per share and is classified as a grant or other acquisition.
The RSUs will vest in three equal annual installments, conditioned on his continued employment through each vesting date, and each unit will be settled in one share of common stock. Following this grant, Hager directly owns 7,493 common shares, and he also has indirect ownership of 1,317 shares through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hager Joseph
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,320 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,493 shares (Direct);
Common Stock — 1,317 shares (Indirect, By IRA)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did BHRB COO Joseph Hager report on this Form 4?
Joseph Hager reported receiving an award of 1,320 time-based restricted stock units in Burke & Herbert Financial Services Corp. common stock. The grant is a non-cash equity award at $0.0000 per share, classified as a grant or other acquisition.
How do Joseph Hager’s new BHRB restricted stock units vest?
The 1,320 restricted stock units vest in three equal annual installments, subject to Joseph Hager’s continued employment through each vesting date. Each vested RSU will be settled in one share of Burke & Herbert Financial Services Corp. common stock, aligning compensation with long-term service.
Does the BHRB Form 4 show a stock purchase or a stock grant for Joseph Hager?
The Form 4 shows a stock grant, not a market purchase. Joseph Hager received 1,320 time-based restricted stock units at a stated price of $0.0000 per share, categorized as a grant, award, or other acquisition of common stock.
How will Joseph Hager’s BHRB restricted stock units be settled when they vest?
Each restricted stock unit will be settled in one share of Burke & Herbert Financial Services Corp. common stock upon vesting. Settlement occurs as the RSUs vest in three equal annual installments, provided he remains employed through each applicable vesting date.