Burke & Herbert (BHRB) EVP granted 2,706 PRSUs under merger incentive plan
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ritchie Bradford E
Role
EVP, Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,706 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,947 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BHRB report for Bradford E. Ritchie?
The filing shows that EVP and Chief Lending Officer Bradford E. Ritchie was granted 2,706 performance-based restricted stock units (PRSUs) on 01/22/2026 as part of an equity incentive award.
What plan governs the 2,706 PRSUs granted to the BHRB executive?
The 2,706 PRSUs were granted under the Burke & Herbert Bank 2024–2025 Merger Incentive Plan, which was adopted on May 1, 2024.
How do the PRSUs for Bradford E. Ritchie at BHRB vest and settle?
The award will vest in three annual installments beginning on May 3, 2026, subject to continued employment on each vesting date, and each vested PRSU will be settled in one share of common stock within 60 days after vesting.
Was any cash paid for the PRSUs granted to the BHRB executive?
The transaction is coded as an “A” (acquired) award of common stock with a reported price of $0, indicating it was a grant rather than a market purchase.
What is Bradford E. Ritchie’s role at Burke & Herbert Financial Services Corp.?
Bradford E. Ritchie is reported as an officer of Burke & Herbert Financial Services Corp., serving as EVP, Chief Lending Officer.