BHRB director granted 1,000 shares in Form 4
Burke & Herbert Financial Services Corp. director Jose David Riojas received an award of 1,000 shares of common stock as a grant for board service.
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. director Jose David Riojas received an award of 1,000 shares of common stock as a grant for board service. The award was at a stated price of $0.00 per share and is characterized as a grant or other acquisition rather than an open-market purchase.
Following this grant, his direct ownership increased to 12,500 shares of common stock. The filing also reports indirect ownership of 20,000 shares of common stock held by the Jose and Susan Riojas Joint Revocable Trust, providing additional long-term exposure to the company’s stock.
A related footnote explains that the award represents restricted stock units granted for service as a director, which vest on the first anniversary of the grant date, subject to continued service and satisfaction of attendance requirements. This indicates the compensation is performance- and service-based rather than immediate unrestricted equity.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Restricted stock units awarded for service as a director. The units vest on the first anniversary of the grant date, subject to continued service and satisfaction of attendance requirements.
Key Figures
Key Terms
Restricted stock units financial
grant, award, or other acquisition financial
Joint Revocable Trust financial
FAQ
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What did Burke & Herbert (BHRB) director Jose David Riojas report in this Form 4?
What are the terms of the restricted stock units granted to BHRB director Riojas?
How much indirect ownership in Burke & Herbert (BHRB) does Riojas report?
AI-generated analysis. How Rhea-AI works. Not financial advice.