Burke & Herbert (BHRB) EVP awarded 600 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kimlel Lauren N. reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. executive Lauren N. Kimlel, EVP of Branch Banking, received an equity award in the form of 600 time-based restricted stock units of common stock. The award was granted at no cash cost and represents additional compensation rather than an open-market purchase.
The 600 RSUs will vest in three equal annual installments, subject to Kimlel’s continued employment through each vesting date. After this grant, Kimlel’s directly owned common stock holdings total 3,718 shares, aligning her compensation more closely with the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kimlel Lauren N.
Role
EVP, Branch Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 600 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,718 shares (Direct)
Footnotes (1)
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FAQ
What did Burke & Herbert (BHRB) report in this Form 4 filing?
Burke & Herbert reported that EVP of Branch Banking, Lauren N. Kimlel, received an award of 600 time-based restricted stock units. This equity grant increases her stock-based compensation and ties part of her pay to the company’s future share performance over several years.
Was the Burke & Herbert (BHRB) Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a grant of 600 restricted stock units, not an open-market stock purchase. The award was given at a stated price of $0.0000 per share as part of compensation, vesting over three years based on continued employment with the company.
What is the vesting schedule for the Burke & Herbert (BHRB) RSU award?
The 600 restricted stock units will vest in three equal annual installments. Each installment requires the executive to remain employed through the applicable vesting date. Once vested, each RSU will be settled in one share of Burke & Herbert common stock, increasing actual share ownership.
What does transaction code "A" mean in the Burke & Herbert (BHRB) Form 4?
Transaction code "A" in this Form 4 indicates a grant, award, or other acquisition of securities. Here, it refers to 600 time-based restricted stock units granted to the executive as compensation, rather than a purchase or sale in the open market or through a discretionary trade.