Burke & Herbert CFO acquires 126 company shares
The ESPP price was set at 85% of the lower applicable closing price; February 27, 2026, was used because the period began on a non-trading date.
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Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. EVP and Chief Financial Officer Kirtan Parikh acquired 126 common shares directly on August 31, 2026, through its 2023 Employee Stock Purchase Plan, at $54.77 per share. The purchase period ran from March 1, 2026, through August 31, 2026; the price was 85% of the February 27, 2026, closing price, which was the lower of the closing prices on the period’s start and end dates. Because the period began on a non-trading date, the preceding trading day’s close was used. Parikh held 6,979 shares directly after the transaction. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 126 | $54.77 | $7K |
Footnotes (1)
- F1. Shares purchased pursuant to the Burke & Herbert Financial Services Corp. 2023 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of March 1, 2026, through August 31, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on February 27, 2026, which was the lower of the closing price on the (i) start date or (ii) the end date of the applicable purchase period. Because the start date commenced on a non-trading date, the closing price on the immediately preceding trading date was used. These shares were acquired under the ESPP in transactions exempted by Rule 16b-3(c) and Rule 16b-3(d).
Key Figures
Key Terms
Employee Stock Purchase Plan financial
Rule 16b-3(c) regulatory
Rule 16b-3(d) regulatory
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