BHRB President Maddy H. Charles III Sells 12,545 Shares

What Happened Maddy H. Charles III, President and Director of Burke & Herbert Financial Services Corp. (BHRB), had 12,545 shares disposed on June 25, 2026 to satisfy a tax/exercise obligation (transaction code F). The reported per-share value was $67.85, for a total of $851,178. This filing is an amendment correcting a prior Form 4 detail about shares issued upon settlement of stock-settled SARs.

Key Details

• Transaction date: 2026-06-25; reported here in a Form 4/A filed Aug 12, 2026 (amends original June 29, 2026 filing).
• Action: Payment of exercise price or tax liability (code F) — 12,545 shares disposed at $67.85 per share; total value $851,178.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The amendment corrects the number of shares issued on SAR settlement — the issued shares were adjusted from 3,554 to 3,389 after final FMV calculation (a change of 165 shares).
• Timeliness: This is an amended filing; the original Form 4 was filed June 29, 2026 and this correction was filed Aug 12, 2026.

Context This was not an open-market sale but a tax/exercise-related disposition tied to stock-settled SARs: shares were used to satisfy tax withholding or exercise costs (a routine administrative transaction). The amendment only restates the previously reported share counts from the SAR settlement and does not itself indicate a change in holding intent.