LINKBANCORP (LNKB) director shifts holdings into Burke & Herbert stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINKBANCORP, Inc. director George Parmer reported multiple dispositions of LINKBANCORP common stock and a stock option to the issuer on May 1, 2026, tied to the company’s merger with Burke & Herbert Financial Services Corp.
Under the merger agreement, 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 Burke & Herbert shares. The Form 4 shows dispositions across direct holdings and various indirect entities, including companies, a partnership, a trust, and a spouse.
A LINKBANCORP stock option covering 5,000 shares at a $10.00 exercise price converted into a Burke & Herbert stock option for a proportionally adjusted number of shares, with the exercise price divided by 0.1350 and rounded as specified. After these merger-related conversions, the filing lists zero remaining LINKBANCORP shares or options for the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Parmer George
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options | 5,000 | $0.00 | -- |
| Disposition | Common Stock | 40,000 | $0.00 | -- |
| Disposition | Common Stock | 961,538 | $0.00 | -- |
| Disposition | Common Stock | 198,684 | $0.00 | -- |
| Disposition | Common Stock | 563,722 | $0.00 | -- |
| Disposition | Common Stock | 40,363 | $0.00 | -- |
| Disposition | Common Stock | 10,926 | $0.00 | -- |
| Disposition | Common Stock | 40,000 | $0.00 | -- |
| Disposition | Common Stock | 20,000 | $0.00 | -- |
Holdings After Transaction:
Stock Options — 0 shares (Direct, null);
Common Stock — 0 shares (Indirect, By Company A);
Common Stock — 0 shares (Direct, null)
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
Direct common stock disposed: 198,684 shares
Common stock disposed via Company D: 961,538 shares
Common stock disposed via Trust: 563,722 shares
+4 more
7 metrics
Direct common stock disposed
198,684 shares
Disposition to issuer on May 1, 2026 (direct holding)
Common stock disposed via Company D
961,538 shares
Indirect holding “By Company D” disposed to issuer
Common stock disposed via Trust
563,722 shares
Indirect holding “By Trust” disposed to issuer
Common stock disposed via spouse
40,363 shares
Indirect holding “By Spouse” disposed to issuer
Stock option underlying shares
5,000 shares
Option on LINKBANCORP common stock converted in merger
Option exercise price
$10.00 per share
Exercise price of LINKBANCORP stock option before conversion
Share exchange ratio
0.1350
Burke & Herbert shares per LINKBANCORP share in merger
Key Terms
Agreement and Plan of Merger, stock option, exercise price, fractional shares, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger dated December 18, 2025 between the Issuer and Burke & Herbert Financial Services Corp."
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 of Burke & Herbert common stock"
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 to the exercise price applicable to the underlying option divided by 0.1350"
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.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
FAQ
What insider activity did George Parmer report for LINKBANCORP (LNKB)?
George Parmer reported multiple dispositions of LINKBANCORP common stock and a stock option to the issuer. These transactions occurred on May 1, 2026, and were executed through both direct holdings and several indirect entities associated with him, including companies, a partnership, a trust, and a spouse.
What happened to George Parmer’s LINKBANCORP stock option in this Form 4?
A LINKBANCORP stock option for 5,000 shares with a $10.00 exercise price converted into a Burke & Herbert option. The number of underlying Burke & Herbert shares equals 5,000 multiplied by 0.1350, rounded down, and the exercise price is divided by 0.1350, rounded up to the nearest cent.
Were George Parmer’s LINKBANCORP (LNKB) transactions open-market sales?
No. The transactions are coded with Form 4 code D, indicating dispositions to the issuer rather than open-market sales. They occurred as part of the merger mechanics converting LINKBANCORP equity into the right to receive Burke & Herbert common stock and related cash for fractional shares.