Hager Joseph 4

What Happened Joseph Hager, Chief Operating Officer of Burke & Herbert Financial Services Corp. (BHRB), received an award of 1,980 performance-based restricted stock units (PRSUs) on 2026-01-22. The grant is reported as an award (transaction code A) and shows $0 cash exchanged at grant. This is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-01-22, award reported at $0.00 per unit.
• Award type and plan: 1,980 PRSUs granted under the Burke & Herbert Bank 2024–2025 Merger Incentive Plan (adopted May 1, 2024).
• Vesting/settlement: Vests in three annual installments beginning May 3, 2026, subject to continued employment; each vested PRSU will be settled in common stock within 60 days of the vesting date (footnote F1).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Form 4 filed 2026-01-23 for a 2026-01-22 report date — appears timely (Form 4s must be filed within two business days).

Context Performance-based RSUs are contingent on achievement of performance and continued employment; they convert to shares only as they vest and are settled. Awards like this grant potential future equity but are not immediate purchases or sales and do not by themselves indicate insider buying or selling intent.