Burke & Herbert (BHRB) director gets 1,000-share grant, holds 21,320 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PICCIRILLO CHARLES reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. director Charles Piccirillo reported an equity compensation award and his updated share holdings. He received 1,000 shares of common stock as a grant for board service, bringing his directly held shares to 21,320 common shares.
The award is structured as restricted stock units that vest on the first anniversary of the grant date, subject to continued service and meeting attendance requirements. In addition, filings show 314 common shares held indirectly through his spouse and 4,848 common shares held indirectly through Anggus Enterprises.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
PICCIRILLO CHARLES
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,320 shares (Direct, null);
Common Stock — 4,848 shares (Indirect, By Anggus Enterprises)
Footnotes (1)
- [object Object]
Key Figures
Equity grant: 1,000 shares
Direct holdings after grant: 21,320 shares
Indirect holdings via spouse: 314 shares
+2 more
5 metrics
Equity grant
1,000 shares
Restricted stock unit award for director service
Direct holdings after grant
21,320 shares
Common stock held directly following the award
Indirect holdings via spouse
314 shares
Common stock held indirectly by spouse
Indirect holdings via Anggus Enterprises
4,848 shares
Common stock held indirectly by Anggus Enterprises
Vesting schedule
1 year
RSUs vest on first anniversary of grant date
Key Terms
restricted stock units, grant, award, or other acquisition, indirect ownership, non-derivative
4 terms
restricted stock units financial
"Restricted stock units awarded for service as a director."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
""ownership_type": "indirect", "ownership_code": "I""
non-derivative financial
""transaction_type": "non-derivative""
FAQ
What did Charles Piccirillo report in this Form 4 for BHRB?
Director Charles Piccirillo reported receiving a grant of 1,000 shares of Burke & Herbert common stock as equity compensation, plus updated totals of his direct and indirect holdings, including shares held by his spouse and by Anggus Enterprises.
What indirect holdings does Piccirillo report in Burke & Herbert (BHRB)?
Piccirillo reports 314 Burke & Herbert common shares held indirectly through his spouse and 4,848 common shares held indirectly through Anggus Enterprises. These positions are classified as indirect ownership interests associated with the reporting person in the filing.
Does this BHRB Form 4 show any stock option exercises by Piccirillo?
The filing does not show any derivative or stock option exercises for Piccirillo. The derivative section is empty, and the only new transaction is a 1,000-share grant of Burke & Herbert common stock as a non-derivative equity award.