Burke & Herbert (BHRB) awards 2,850 RSUs to Chief Credit Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hintelmann Robert Victor Jr. reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. granted Chief Credit Officer Robert Victor Hintelmann Jr. 2,850 time-based restricted stock units. These RSUs vest in three annual installments beginning on May 3, 2027, subject to continued employment, and will be settled in common stock within 60 days after each vesting date. Following this award, he holds 8,474 shares directly.
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 | 2,850 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,474 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 2,850 units
Shares after transaction: 8,474 shares
Vesting start date: May 3, 2027
+1 more
4 metrics
RSUs granted
2,850 units
Time-based restricted stock units awarded to Chief Credit Officer
Shares after transaction
8,474 shares
Total direct holdings following RSU award
Vesting start date
May 3, 2027
First of three annual RSU vesting installments
Settlement window
Within 60 days
Common stock issued after each RSU vesting date
Key Terms
restricted stock units ("RSUs"), vest, settled in share of ... common stock, grant, award, or other acquisition
4 terms
restricted stock units ("RSUs") financial
"The reporting person received an award of 2,850 time based restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest financial
"The award will vest in three annual installments beginning on May 3, 2027,"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did BHRB disclose for Chief Credit Officer Hintelmann?
Burke & Herbert Financial Services Corp. reported that Chief Credit Officer Robert Victor Hintelmann Jr. received 2,850 time-based restricted stock units. The Form 4 shows this as a grant or award acquisition of common stock-linked RSUs, not an open-market purchase or sale.
When do the newly granted BHRB restricted stock units vest?
The 2,850 time-based restricted stock units granted to Robert Victor Hintelmann Jr. vest in three annual installments. Vesting begins on May 3, 2027, and each installment requires his continued employment through the applicable vesting date to receive the corresponding common shares.
How will the vested BHRB restricted stock units be settled?
Each vested restricted stock unit will be settled in shares of Burke & Herbert Financial Services Corp. common stock. According to the footnote, settlement occurs within 60 days after each vesting date, converting the RSUs into actual common shares for the reporting person.
Is the BHRB Form 4 transaction an open-market buy or sell of stock?
No, the transaction is classified as a grant, award, or other acquisition of 2,850 restricted stock units. The Form 4 uses transaction code “A,” indicating a compensation-related award, not an open-market purchase or sale of Burke & Herbert Financial Services Corp. common stock.