Paul Kristofer A 4
Research Summary
AI-generated summary
LINKBANCORP CFO Paul Kristofer Sells 20,278 Shares
What Happened
Paul Kristofer, Chief Financial Officer of LINKBANCORP, disposed a total of 20,278 shares to the issuer on May 1, 2026. The filing reports a disposition of 15,278 common shares and a separate disposition of 5,000 derivative shares (related to an option). No per-share price or total dollar value is reported in the Form 4; the transactions are shown as dispositions to the issuer rather than open-market sales.
Key Details
- Transaction dates: 2026-05-01 (reported on Form 4 filed 2026-05-01).
- Price: Not reported (N/A) for both dispositions.
- Shares disposed: 15,278 common shares; 5,000 derivative shares (total 20,278).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 and F2 relate to the merger with Burke & Herbert Financial Services Corp.; see Context below.
- Timeliness: Filing date equals report date (timely filed).
Context
- These dispositions occurred pursuant to the Agreement and Plan of Merger dated December 18, 2025 between LINKBANCORP and Burke & Herbert. Under the merger each LINKBANCORP share converted into the right to receive 0.1350 shares of Burke & Herbert common stock; cash will be paid in lieu of fractional Burke & Herbert shares (F1).
- The 5,000 "derivative" shares relate to option conversion rules under the merger: options were converted into options exercisable for Burke & Herbert shares equal to the underlying LINKBANCORP shares × 0.1350 (rounded down), with an adjusted exercise price per F2.
- These entries are merger-related dispositions to the issuer rather than discretionary open-market selling by the insider; the filing does not state a cash sale price, so no market value can be computed from the Form 4.