Burke & Herbert credit chief acquires 76 shares
The ESPP price equaled 85% of the February 27, 2026 closing price, used for the start-date comparison because the purchase period began on a non-trading date.
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Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. Chief Credit Officer Robert Victor Hintelmann Jr. acquired 76 common shares on August 31, 2026, through the Employee Stock Purchase Plan, at a reported $54.77 per share. His direct holdings after the acquisition were 8,550 shares. The ESPP purchase price was 85% of the February 27, 2026 closing price, identified as the lower closing price for the purchase-period start or end date; the preceding trading day's close was used because the period began on a non-trading date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 76 | $54.77 | $4K |
Footnotes (1)
- F1. Shares purchased pursuant to the Burke & Herbert Financial Services Corp. 2023 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of March 1, 2026, through August 31, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on February 27, 2026, which was the lower of the closing price on the (i) start date or (ii) the end date of the applicable purchase period. Because the start date commenced on a non-trading date, the closing price on the immediately preceding trading date was used. These shares were acquired under the ESPP in transactions exempted by Rule 16b-3(c) and Rule 16b-3(d).
Key Figures
Key Terms
Employee Stock Purchase Plan technical
Rule 16b-3(c) regulatory
Rule 16b-3(d) regulatory
FAQ
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How was the BHRB employee stock purchase price determined?
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