Merger converts LINKBANCORP shares into Burke & Herbert (BHRB) stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. director Kristen Snyder received 8,418 shares of BHRB common stock. The shares were acquired at no cash price as a grant/award related to the completion of a merger.
According to the merger terms, each of Snyder’s 62,358 shares of LINKBANCORP, Inc. common stock outstanding on the May 1, 2026 closing date was converted into the right to receive 0.1350 shares of BHRB common stock, with cash paid instead of any fractional shares. Following this transaction, Snyder directly holds 8,418 BHRB shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Snyder Kristen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,418 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,418 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares acquired: 8,418 shares
Total holdings after transaction: 8,418 shares
LINKBANCORP shares converted: 62,358 shares
+1 more
4 metrics
Shares acquired
8,418 shares
Non-derivative grant/award acquisition of BHRB common stock
Total holdings after transaction
8,418 shares
Direct ownership of BHRB common stock following Form 4 transaction
LINKBANCORP shares converted
62,358 shares
Directly held LNKB common stock converted in merger
Exchange ratio
0.1350 BHRB share per LNKB share
Merger conversion rate under the Agreement and Plan of Merger
Key Terms
Agreement and Plan of Merger, Merger Agreement, common stock, fractional shares
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger dated December 18, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Agreement regulatory
"the "Merger Agreement") by and between LINKBANCORP, Inc. ("LNKB") and BHRB"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
common stock financial
"62,358 directly held shares of LNKB common stock outstanding at the Closing Date"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What does the Burke & Herbert (BHRB) Form 4 for Kristen Snyder report?
The Form 4 reports that director Kristen Snyder acquired 8,418 shares of Burke & Herbert common stock. The shares were received as a grant/award in connection with a completed merger, not through an open-market purchase.