BOYLE DAVID P 4

What Happened David P. Boyle, Chair & CEO and a director of Burke & Herbert Financial Services Corp. (BHRB), disposed of 5,784 shares on 2026-05-03 to satisfy tax withholding related to an equity award or option exercise. The shares were reported at $64.64 each, for a total value of approximately $373,878. This was a tax-withholding surrender (SEC transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-03
• Price per share: $64.64
• Shares surrendered/disposed: 5,784
• Reported value: $373,878 (5,784 × $64.64)
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered to cover taxes)
• Shares owned after transaction: not specified in the provided Form 4 summary
• Filing date: 2026-05-04 (reported the next day; appears timely)

Context Code F transactions are typically routine tax-withholding actions following an option exercise or restricted stock vesting; they represent shares surrendered to cover tax obligations rather than a market sale that signals a change in conviction. For retail investors, purchases and open-market sales tend to be more informative about insider sentiment than routine withholding surrenders.