Burke & Herbert Financial (BHRB) executive awarded 2,050 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. reported that Chief Credit Officer Robert Victor Hintelmann Jr. acquired an award of 2,050 time-based restricted stock units (RSUs) of common stock. The RSUs vest in three equal annual installments, and each unit will convert into one share, bringing his direct holdings to 5,550 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hintelmann Robert Victor Jr.
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,050 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,550 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BHRB report for Robert Hintelmann?
Burke & Herbert Financial Services Corp. reported that Chief Credit Officer Robert Victor Hintelmann Jr. received 2,050 time-based restricted stock units. These RSUs vest in three equal annual installments and settle in common stock, increasing his directly held shares to 5,550 after the award.
How many RSUs were granted to the BHRB Chief Credit Officer?
The Chief Credit Officer of Burke & Herbert Financial Services Corp., Robert Victor Hintelmann Jr., was granted 2,050 time-based restricted stock units. The award is structured to vest in three equal annual installments, with each vested unit settling into one share of common stock.
How will Robert Hintelmann’s BHRB RSU award vest over time?
Robert Victor Hintelmann Jr.’s 2,050 restricted stock units from Burke & Herbert Financial Services Corp. will vest in three equal annual installments. Vesting is conditioned on his continued employment through each vesting date, aligning the award with multi-year service at the company.
Is the BHRB RSU award to Robert Hintelmann an open-market purchase?
No, the 2,050 units reported are a grant of time-based restricted stock units rather than an open-market purchase. The RSUs were awarded at no stated purchase price and will convert into common shares only as they vest over three annual installments.