Burke & Herbert (BHRB) SVP awarded 950 time-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huffman Patrick Kip reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. reported that SVP and Chief Accounting Officer Patrick Kip Huffman received an award of 950 time-based restricted stock units. The RSUs vest in three annual installments beginning on May 3, 2027, with each vested unit settled in one common share within 60 days. Following this equity grant, he directly holds 2,554 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Huffman Patrick Kip
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 950 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,554 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 950 units
Grant price: $0.0000 per share
Shares after transaction: 2,554 shares
+3 more
6 metrics
RSUs granted
950 units
Time-based restricted stock units awarded to SVP
Grant price
$0.0000 per share
Reported transaction price for RSU-related common stock entry
Shares after transaction
2,554 shares
Common stock directly held following the award
Vesting start date
May 3, 2027
First of three annual RSU vesting dates
Vesting schedule
3 annual installments
RSUs vest in three equal annual tranches
Settlement timing
within 60 days
Each vested RSU settled in common stock within 60 days of vesting
Key Terms
restricted stock units ("RSUs"), time based, vest, settled, +1 more
5 terms
restricted stock units ("RSUs") financial
"The reporting person received an award of 950 time based restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
time based financial
"The reporting person received an award of 950 time based restricted stock units ("RSUs")."
vest financial
"The award will vest in three annual installments beginning on May 3, 2027, subject to the reporting person's continued employment"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"Each vested RSU will be settled in share of Burke & Herbert Financial Services Corp. common stock within 60 days"
continued employment financial
"subject to the reporting person's continued employment through each applicable vesting date."
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What insider transaction did Burke & Herbert (BHRB) report for Patrick Kip Huffman?
Burke & Herbert reported that SVP and Chief Accounting Officer Patrick Kip Huffman received an award of 950 time-based restricted stock units. These units vest over three years and each vested RSU will convert into one share of common stock within 60 days of vesting.
What are the vesting terms of the 950 RSUs granted by Burke & Herbert (BHRB)?
The 950 time-based RSUs vest in three annual installments beginning on May 3, 2027. Vesting is conditioned on Huffman’s continued employment through each vesting date, aligning the award with ongoing service at Burke & Herbert Financial Services Corp. over the three-year period.
How will the Burke & Herbert (BHRB) RSU award be settled once vested?
Each vested restricted stock unit will be settled in one share of Burke & Herbert common stock. Settlement occurs within 60 days after the applicable vesting date, turning the time-based RSUs into actual shares if the employment-based vesting conditions are satisfied.
Does the Burke & Herbert (BHRB) RSU grant involve any purchase price?
The Form 4 shows the 950-share award at a price of $0.0000 per share, indicating it is a compensation grant rather than an open-market purchase. The units are provided as part of equity-based compensation with vesting tied to continued employment.