Merger shifts LINKBANCORP (LNKB) CFO equity into Burke & Herbert stock
Rhea-AI Filing Summary
LINKBANCORP, Inc. Chief Financial Officer Paul Kristofer reported merger-related dispositions of his LINKBANCORP equity. He returned 15,278 shares of common stock to the issuer and disposed of stock options covering 5,000 shares, leaving no remaining LINKBANCORP holdings.
Under the Agreement and Plan of Merger with Burke & Herbert Financial Services Corp., each LINKBANCORP common share converted into the right to receive 0.1350 Burke & Herbert common shares, with cash paid instead of fractional shares. The option position converted into a Burke & Herbert stock option for the adjusted number of shares, with the exercise price reset by dividing the prior $11.78 per share strike by 0.1350.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,278 shares
Net Sell
2 txns
Insider
Paul Kristofer A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options | 5,000 | $0.00 | $0.00 |
| Disposition | Common Stock | 15,278 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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
Common shares disposed: 15,278 shares
Options disposed: 5,000 options
Post-transaction LNKB holdings: 0 shares
+3 more
6 metrics
Common shares disposed
15,278 shares
Disposition to issuer tied to merger conversion
Options disposed
5,000 options
Stock options on 5,000 LINKBANCORP shares returned to issuer
Post-transaction LNKB holdings
0 shares
Total shares following each reported transaction
Exchange ratio
0.1350
Burke & Herbert shares per LINKBANCORP common share
Original option strike
$11.78 per share
Exercise price for LINKBANCORP stock option before conversion
Option expiration
March 12, 2031
Expiration date of the converted option position
Key Terms
Agreement and Plan of Merger, disposition to issuer, stock option, exercise price, +1 more
5 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""
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LINKBANCORP (LNKB) disclose for its CFO?
LINKBANCORP’s CFO Paul Kristofer reported disposing of 15,278 shares of common stock and stock options for 5,000 underlying shares. These were returned to the issuer in connection with a merger, rather than sold in the open market, leaving no remaining LINKBANCORP holdings reported.
Was the LNKB CFO’s Form 4 transaction an open-market sale?
No, the CFO’s Form 4 shows a disposition to the issuer, not an open-market sale. The transactions occurred as part of a merger process, where LINKBANCORP shares and options were converted into Burke & Herbert equity under fixed exchange terms, rather than traded on the market.
What happened to the LINKBANCORP stock options reported on this Form 4?
The reported stock option, previously exercisable for 5,000 LINKBANCORP shares at an $11.78 exercise price, converted into a Burke & Herbert stock option. The new option covers the original shares multiplied by 0.1350, with the per-share strike divided by 0.1350 and rounded as specified.
Does the LNKB CFO still hold any LINKBANCORP securities after this filing?
According to the Form 4, total LINKBANCORP shares following each reported transaction are zero. The common stock and related stock option were fully disposed of to the issuer as part of the merger, with the economic interests shifting into Burke & Herbert equity instruments instead.