Burke & Herbert (BHRB) awards 950 RSUs to Chief Accounting Officer
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. reported an equity grant to senior leadership. SVP and Chief Accounting Officer Patrick Kip Huffman received an award of 950 time-based restricted stock units (RSUs) on common stock, recorded at a price of $0.00 per share as a compensation grant. The RSUs will vest in three annual installments beginning on May 3, 2026, conditioned on his continued employment through each vesting date. Each vested RSU will be settled in shares of Burke & Herbert common stock within 60 days after the applicable vesting date. Following this award, Huffman is shown as beneficially owning 1,950 shares of common stock directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 950 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person received an award of 950 time based restricted stock units ("RSUs"). The award will vest in three annual installments beginning on May 3, 2026, subject to the reporting person's continued employment through each applicable vesting date. Each vested RSU will be settled in share of Burke & Herbert Financial Services Corp. common stock within 60 days of the vested date.
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FAQ
What insider transaction did BHRB report in this Form 4?
Burke & Herbert Financial Services Corp. reported that SVP and Chief Accounting Officer Patrick Kip Huffman received an award of 950 time-based restricted stock units (RSUs) tied to its common stock.
What are the vesting terms for the 950 BHRB restricted stock units?
The 950 RSUs will vest in three annual installments beginning on May 3, 2026, subject to Patrick Kip Huffman’s continued employment through each applicable vesting date.
How will the BHRB restricted stock units reported in this Form 4 be settled?
Each vested RSU will be settled in shares of Burke & Herbert Financial Services Corp. common stock within 60 days of the applicable vesting date.
Was the BHRB insider award a purchase or a compensation grant?
The Form 4 shows transaction code "A" for an acquisition of 950 common shares at a price of $0.00 per share, indicating a compensation-related equity grant rather than an open-market purchase.
Which role does the reporting person hold at BHRB?
The reporting person, Patrick Kip Huffman, is identified as an officer of Burke & Herbert Financial Services Corp., serving as SVP, Chief Accounting Officer.