LINKBANCORP (LNKB) director holdings shift into Burke & Herbert stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINKBANCORP, Inc. director Debra Pierson reported dispositions tied to the company’s merger with Burke & Herbert Financial Services Corp. Under the merger agreement dated December 18, 2025, each share of LINKBANCORP common stock was converted into the right to receive 0.1350 shares of Burke & Herbert common stock, with cash paid in lieu of fractional shares.
On this basis, Pierson disposed of 22,857 shares of common stock held indirectly by her spouse and 35,178 shares held directly, both recorded as dispositions to the issuer. A related stock option covering 5,000 shares of LINKBANCORP common stock at a $10.00 exercise price also converted into a Burke & Herbert stock option, adjusting both the number of underlying shares and the exercise price using the 0.1350 exchange ratio.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Pierson Debra
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options | 5,000 | $0.00 | -- |
| Disposition | Common Stock | 35,178 | $0.00 | -- |
| Disposition | Common Stock | 22,857 | $0.00 | -- |
Holdings After Transaction:
Stock Options — 0 shares (Direct, null);
Common Stock — 0 shares (Direct, null);
Common Stock — 0 shares (Indirect, By Spouse)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger dated December 18, 2025 between the Issuer and Burke & Herbert Financial Services Corp. ("Burke & Herbert"), each issued and outstanding share of Issuer common stock was converted into the right to receive 0.1350 shares of common stock of Burke & Herbert. Holders of Issuer Common Stock will receive cash in lieu of fractional shares of Burke & Herbert common stock in accordance with the terms of the Agreement and Plan of Merger. This option converted into a stock option exercisable for a number of shares of Burke & Herbert common stock equal to the number of shares of Issuer common stock underlying the option multiplied by 0.1350, rounded down to the nearest whole share, with an exercise price per share of Burke & Herbert common stock equal to the exercise price applicable to the underlying option divided by 0.1350, rounded up to the nearest cent.
Key Figures
Indirect common shares disposed: 22,857 shares
Direct common shares disposed: 35,178 shares
Stock option disposed: 5,000 options
+2 more
5 metrics
Indirect common shares disposed
22,857 shares
Common Stock held by spouse; issuer disposition on May 1, 2026
Direct common shares disposed
35,178 shares
Common Stock held directly; issuer disposition on May 1, 2026
Stock option disposed
5,000 options
Stock option over 5,000 LINKBANCORP shares converted in merger
Option exercise price
$10.00 per share
Original exercise price for LINKBANCORP stock option
Share exchange ratio
0.1350 shares
Each LINKBANCORP share converted to 0.1350 Burke & Herbert shares
Key Terms
Agreement and Plan of Merger, fractional shares, stock option, exercise price
4 terms
Agreement and Plan of Merger financial
"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.
stock option financial
"This option converted into a stock option exercisable for a number of shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"with an exercise price per share of Burke & Herbert common stock equal"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Debra Pierson report in this LINKBANCORP (LNKB) Form 4?
Debra Pierson reported issuer dispositions of LINKBANCORP common stock and stock options. The filing shows both directly and indirectly held shares, plus an employee stock option, were converted or surrendered in connection with the completed merger with Burke & Herbert Financial Services Corp.
What happened to Debra Pierson’s LINKBANCORP stock options?
Her LINKBANCORP stock option covering 5,000 shares at a $10.00 exercise price converted into an option for Burke & Herbert common stock. The new option reflects the 0.1350 exchange ratio and an adjusted exercise price, rounded to the nearest whole share and cent, respectively.