BHRB EVP awarded 2,706 performance stock units
Burke & Herbert Financial Services Corp. executive Bradford E. Ritchie, EVP and Chief Lending Officer, received an equity incentive award tied to merger performance.
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. executive Bradford E. Ritchie, EVP and Chief Lending Officer, received an equity incentive award tied to merger performance. On 01/22/2026 he was granted 2,706 performance-based restricted stock units (PRSUs) under the Burke & Herbert Bank 2024–2025 Merger Incentive Plan adopted May 1, 2024. These PRSUs will vest in three annual installments beginning on May 3, 2026, as long as he remains employed through each vesting date. Each vested PRSU will be settled in one share of Burke & Herbert Financial Services common stock within 60 days after vesting. Following this award, he is reported as beneficially owning 21,947 shares of common stock in direct form.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,706 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person received an award of 2,706 performance-based restricted stock units ("PRSUs") under the Burke & Herbert Bank 2024 - 2025 Merger Incentive Plan adopted May 1, 2024. The award will vest in three annual installments beginning on May 3, 2026, subject to the reporting person's continued employment through each applicable vesting date. Each vested PRSU will be settled in share of Burke & Herbert Financial Services Corp. common stock within 60 days of the vested date.
FAQ
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What insider transaction did BHRB report for Bradford E. Ritchie?
What plan governs the 2,706 PRSUs granted to the BHRB executive?
How do the PRSUs for Bradford E. Ritchie at BHRB vest and settle?
Was any cash paid for the PRSUs granted to the BHRB executive?
What is Bradford E. Ritchie’s role at Burke & Herbert Financial Services Corp.?
AI-generated analysis. How Rhea-AI works. Not financial advice.