Burke & Herbert (BHRB) EVP granted 925 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. reported that EVP and Chief Risk Officer Jennifer Palmer Schmidt acquired an equity award under the company’s compensation program. She received 925 time-based restricted stock units that will vest in three equal annual installments, conditioned on her continued employment.
Each restricted stock unit will be settled in one share of Burke & Herbert Financial Services Corp. common stock when it vests. Following this award, Schmidt’s directly owned common stock holdings total 4,472 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schmidt Jennifer Palmer
Role
EVP, Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 925 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,472 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Burke & Herbert (BHRB) report for Jennifer Palmer Schmidt?
Burke & Herbert reported that EVP and Chief Risk Officer Jennifer Palmer Schmidt received an equity award of 925 restricted stock units. These time-based RSUs are part of her compensation and will convert into common shares as they vest over several years.
How many Burke & Herbert (BHRB) RSUs were granted to Jennifer Palmer Schmidt?
She was granted 925 time-based restricted stock units in Burke & Herbert common stock. The award vests in three equal annual installments, with each unit settling into one share of common stock upon vesting, assuming she remains employed through each vesting date.
What is the vesting schedule for Jennifer Palmer Schmidt’s BHRB restricted stock units?
The 925 restricted stock units will vest in three equal annual installments. Vesting is conditioned on Jennifer Palmer Schmidt’s continued employment with Burke & Herbert through each applicable vesting date, aligning long-term compensation with ongoing service to the company.
How will Jennifer Palmer Schmidt’s BHRB RSUs be settled when they vest?
Each restricted stock unit will be settled in one share of Burke & Herbert Financial Services Corp. common stock. As the RSUs vest in annual installments, she will receive the corresponding number of common shares, provided she remains employed through each vesting date.
Was Jennifer Palmer Schmidt’s BHRB Form 4 transaction a purchase or an equity award?
The transaction was an equity award, not an open-market purchase. Burke & Herbert granted Jennifer Palmer Schmidt 925 restricted stock units as compensation, recorded under a grant or award acquisition code rather than a cash share purchase on the market.