Burke & Herbert (BHRB) CAO receives 495-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. reported that its SVP and Chief Accounting Officer, Patrick Kip Huffman, acquired 495 shares of common stock through a grant of time-based restricted stock units. These RSUs vest in three equal annual installments, contingent on continued employment, and will be settled in common stock. Following this award, his directly owned common stock holdings increased to 1,495 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Huffman Patrick Kip
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 495 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,495 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Burke & Herbert (BHRB) report for Patrick Kip Huffman?
Burke & Herbert reported that SVP and Chief Accounting Officer Patrick Kip Huffman received a grant of 495 time-based restricted stock units, which will be settled in common stock as they vest over time.
How do the granted RSUs for Burke & Herbert (BHRB) executive Patrick Kip Huffman vest?
The 495 time-based restricted stock units granted to Patrick Kip Huffman vest in three equal annual installments, each installment requiring his continued employment through the applicable vesting date before shares are delivered.
Will the RSUs granted to Patrick Kip Huffman at Burke & Herbert (BHRB) be settled in stock or cash?
Each restricted stock unit granted to Patrick Kip Huffman is scheduled to be settled in one share of Burke & Herbert common stock upon vesting, rather than in cash, according to the filing footnote.