Burke & Herbert EVP granted 600 RSUs
Kimlel Lauren N. reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 600 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person received an award of 600 time-based restricted stock units (RSUs). The award will vest in three equal annual installments subject to the reporting person's continued employment through each applicable vesting date. Each RSU will be settled in a share of Burke & Herbert Financial Services Corp. common stock.
FAQ
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What did Burke & Herbert (BHRB) report in this Form 4 filing?
Was the Burke & Herbert (BHRB) Form 4 transaction an open-market stock purchase?
What is the vesting schedule for the Burke & Herbert (BHRB) RSU award?
What does transaction code "A" mean in the Burke & Herbert (BHRB) Form 4?
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