Kristen Snyder of LINKBANCORP (LNKB) disposes 62,358 shares in Burke & Herbert merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINKBANCORP director Kristen Snyder reported a disposition of 62,358 shares of common stock back to the company as part of a merger transaction. The Form 4 classifies this as a disposition to the issuer, with no price per share reported.
Under the Agreement and Plan of Merger between LINKBANCORP and Burke & Herbert Financial Services Corp., 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 any fractional Burke & Herbert shares. Following this conversion, Snyder’s reported direct holdings of LINKBANCORP common stock are shown as zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Snyder Kristen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 62,358 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed: 62,358 shares
Price per share: $0.00 per share
Post-transaction LNKB holdings: 0 shares
+1 more
4 metrics
Shares disposed
62,358 shares
Disposition to issuer reported on Form 4
Price per share
$0.00 per share
Reported for disposition to issuer
Post-transaction LNKB holdings
0 shares
Direct ownership after merger-related disposition
Merger share exchange ratio
0.1350 shares
Burke & Herbert common stock per LNKB share
Key Terms
Agreement and Plan of Merger, Disposition to issuer, fractional shares, common stock
4 terms
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.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
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.
FAQ
What insider transaction did LINKBANCORP (LNKB) director Kristen Snyder report?
Kristen Snyder reported a disposition of 62,358 shares of LINKBANCORP common stock back to the issuer. The Form 4 labels this as a disposition to the company in connection with a merger, rather than an open-market sale for cash.
Was Kristen Snyder’s LINKBANCORP (LNKB) transaction an open-market sale?
The transaction was not an open-market sale. It is coded as a disposition to the issuer at a reported price of $0.00 per share, occurring as part of the merger in which LINKBANCORP shares were converted into the right to receive Burke & Herbert common stock.
Does Kristen Snyder still hold any LINKBANCORP (LNKB) common stock after the reported transaction?
After the reported disposition, Kristen Snyder’s total direct holdings of LINKBANCORP common stock are listed as zero shares. This reflects the conversion of her holdings in connection with the merger into Burke & Herbert common stock rights and related cash for fractional shares.