Merger converts LINKBANCORP (LNKB) shares into Burke & Herbert stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINKBANCORP, Inc. director Robert C. Wheatley reported a disposition of 22,405 shares of common stock back to the company. The shares were surrendered at $0.00 per share as part of completing a merger with Burke & Herbert Financial Services Corp.
Under the merger terms, each LINKBANCORP common share was converted into the right to receive 0.1350 shares of Burke & Herbert common stock, with cash paid instead of any fractional Burke & Herbert shares. Following this transaction, Wheatley now holds 0 LINKBANCORP shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wheatley Robert C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 22,405 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed: 22,405 shares
Price per share: $0.00 per share
Post-transaction LNKB holdings: 0 shares
+1 more
4 metrics
Shares disposed
22,405 shares
Common stock disposed to issuer in merger-related transaction
Price per share
$0.00 per share
Reported disposition price for LINKBANCORP common stock
Post-transaction LNKB holdings
0 shares
Total LINKBANCORP shares owned after disposition
Merger exchange ratio
0.1350 shares
Burke & Herbert common stock per LINKBANCORP share
Key Terms
Disposition to issuer, Agreement and Plan of Merger, fractional shares, common stock
4 terms
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger dated December 18, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
common stock financial
"each issued and outstanding share of Issuer common stock was converted"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.