Burke & Herbert (BHRB) director awarded 1,000 restricted stock units for board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Geary James P II reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. director James P. Geary II received an award of 1,000 shares of common stock in the form of restricted stock units for his board service. These units vest on the first anniversary of the grant date, subject to continued service and meeting attendance requirements.
After this award, Geary directly holds 34,468 common shares, with additional indirect holdings of 3,637 shares through his spouse and 12,607 shares through the JPG Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Geary James P II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 34,468 shares (Direct, null);
Common Stock — 12,607 shares (Indirect, JPG Trust)
Footnotes (1)
- [object Object]
Key Figures
RSU grant: 1,000 shares
Direct holdings after grant: 34,468 shares
Indirect spouse holdings: 3,637 shares
+2 more
5 metrics
RSU grant
1,000 shares
Restricted stock units awarded for service as a director
Direct holdings after grant
34,468 shares
Common stock directly held following RSU award
Indirect spouse holdings
3,637 shares
Common stock held indirectly through spouse
Indirect trust holdings
12,607 shares
Common stock held indirectly through JPG Trust
Grant price per share
$0.00 per share
Price for the 1,000-share restricted stock unit award
Key Terms
Restricted stock units, grant/award acquisition, indirect ownership, By Spouse, +1 more
5 terms
Restricted stock units financial
"Restricted stock units awarded for service as a director."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant/award acquisition financial
"transaction_action: grant/award acquisition for 1,000 shares."
indirect ownership financial
"ownership_type marked as indirect for spouse and JPG Trust holdings."
By Spouse financial
"nature_of_ownership labeled By Spouse for 3,637 shares."
JPG Trust financial
"nature_of_ownership labeled JPG Trust for 12,607 shares."
FAQ
What did Burke & Herbert (BHRB) director James P. Geary II receive in this Form 4?
James P. Geary II received 1,000 shares of Burke & Herbert common stock as restricted stock units for board service. The units are compensation, not open-market purchases, and reflect equity-based pay rather than a trading decision.
When do James P. Geary II’s new restricted stock units in BHRB vest?
The 1,000 restricted stock units vest on the first anniversary of the grant date. Vesting is conditioned on Geary’s continued service as a director and satisfaction of board meeting attendance requirements during that period.
What conditions apply to James P. Geary II’s restricted stock units in BHRB?
The restricted stock units vest only if Geary continues serving as a director and satisfies attendance requirements. If these conditions are not met before the first anniversary of the grant date, the units may not fully vest into common shares.