BHRB executive granted 1,790 restricted stock units
Ritchie Bradford E reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Ritchie Bradford E reported acquisition or exercise transactions in this Form 4 filing.
Burke & Herbert Financial Services Corp. executive Bradford E. Ritchie, EVP and Chief Lending Officer, received an equity award of 1,790 restricted stock units of common stock. The award was granted at no cash purchase price and represents additional compensation rather than an open-market share purchase.
According to the award terms, the 1,790 time-based restricted stock units will vest in three equal annual installments, as long as Ritchie remains employed through each vesting date. After this grant, his directly held common stock holdings reported in this filing total 23,737 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,790 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person received an award of 1,790 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 insider transaction did BHRB executive Bradford Ritchie report on this Form 4?
How do the 1,790 BHRB restricted stock units granted to Bradford Ritchie vest?
What will each restricted stock unit become for BHRB executive Bradford Ritchie?
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