Burke & Herbert (BHRB) EVP granted 600 RSUs tied to stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zirk Angela R reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. reported that executive vice president and chief experience officer Angela R. Zirk received an equity award linked to company common stock. On January 22, she was granted 600 time-based restricted stock units that will vest in three equal annual installments if she remains employed.
Each restricted stock unit will be settled in one share of Burke & Herbert common stock as it vests. After this grant, she directly holds 3,012 common shares, and an additional 1,928 shares are held indirectly through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Zirk Angela R
Role
EVP, Chief Experience Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 600 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,012 shares (Direct);
Common Stock — 1,928 shares (Indirect, By IRA)
Footnotes (1)
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FAQ
What did the Burke & Herbert (BHRB) Form 4 report for Angela R. Zirk?
The Form 4 shows Angela R. Zirk received 600 time-based restricted stock units. These RSUs will convert into Burke & Herbert common stock as they vest, providing stock-based compensation tied to her continued employment with the company over several years.
How many restricted stock units did Angela R. Zirk receive from Burke & Herbert (BHRB)?
Angela R. Zirk received an award of 600 restricted stock units. Each RSU represents the right to receive one share of Burke & Herbert common stock, subject to the vesting schedule outlined in the award’s terms and her continued employment with the company.
What is the vesting schedule for Angela R. Zirk’s 600 RSUs at Burke & Herbert (BHRB)?
The 600 RSUs vest in three equal annual installments. Vesting is contingent on Angela R. Zirk remaining employed through each vesting date, aligning her long-term incentives with Burke & Herbert’s performance and executive retention goals over the vesting period.
How will Angela R. Zirk’s Burke & Herbert (BHRB) RSUs be settled?
Each restricted stock unit will be settled in one share of Burke & Herbert common stock. Settlement occurs as the RSUs vest over the three-year period, turning the units into actual shares that increase her equity stake in the company over time.
What does indirect ownership by IRA mean in the Burke & Herbert (BHRB) Form 4?
Indirect ownership by IRA means some shares are held in an individual retirement account for Angela R. Zirk’s benefit. The Form 4 reports 1,928 Burke & Herbert common shares in this IRA, separate from the 3,012 common shares she owns directly in her name.