Burke & Herbert (BHRB) CFO receives 3,650 time-based restricted stock units
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. reported that its Executive Vice President and Chief Financial Officer, Roy Eugene Halyama, acquired 3,650 shares in the form of time-based restricted stock units. These RSUs vest in three equal annual installments, and each unit will be settled in one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,650 shares
Net Buy
1 txn
Insider
Halyama Roy Eugene
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,650 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 23,703 shares (Direct)
Footnotes (1)
- F1. The reporting person received an award of 3,650 time-based restricted stock units (RSUs). The award will vest in three equal annual installments subject to the reporting person's continued employment through each applicable vesting date. Each RSU will be settled in a share of Burke & Herbert Financial Services Corp. common stock.
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FAQ
What insider transaction did BHRB report for its CFO?
Burke & Herbert Financial Services Corp. reported that its CFO, Roy Eugene Halyama, received 3,650 time-based restricted stock units. These units represent a form of equity compensation that converts into common stock over time, aligning his interests with long-term company performance.
How many restricted stock units did the BHRB CFO receive?
The CFO received an award of 3,650 restricted stock units. These RSUs vest in three equal annual installments, meaning one-third becomes earned each year, and each vested unit will be settled in one share of Burke & Herbert Financial Services Corp. common stock.
How do the BHRB CFO’s restricted stock units vest?
The 3,650 restricted stock units vest in three equal annual installments. Vesting is contingent on the CFO’s continued employment through each vesting date, which spreads the compensation over multiple years and encourages retention at Burke & Herbert Financial Services Corp.
What does each BHRB restricted stock unit convert into?
Each restricted stock unit converts into one share of Burke & Herbert Financial Services Corp. common stock. Settlement occurs as the units vest over three years, turning this stock-based award into actual share ownership for the CFO over time.