4//SEC Filing
Zirk Angela R 4
Accession 0001964333-24-000197
CIK 0001964333other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 4:05 PM ET
Size
17.5 KB
Accession
0001964333-24-000197
Insider Transaction Report
Form 4
Zirk Angela R
EVP, Chief Experience Officer
Transactions
- Award
Common Stock
2024-05-03+1,911→ 1,911 total(indirect: By Trust) - Award
Common Stock
2024-05-03+617→ 617 total - Award
Stock Settled Appreciation Rights
2024-05-03$47.47/sh+2,124$100,826→ 2,124 totalExercise: $47.47From: 2019-02-07Exp: 2029-02-07→ Common Stock (2,124 underlying) - Award
Stock Settled Appreciation Rights
2024-05-03$23.82/sh+1,210$28,822→ 1,210 totalExercise: $23.82From: 2015-04-23Exp: 2025-04-23→ Common Stock (1,210 underlying) - Award
Stock Settled Appreciation Rights
2024-05-03$51.58/sh+1,045$53,901→ 1,045 totalExercise: $51.58From: 2017-02-09Exp: 2027-02-09→ Common Stock (1,045 underlying) - Award
Stock Settled Appreciation Rights
2024-05-03$43.33/sh+2,569$111,315→ 2,569 totalExercise: $43.33From: 2021-07-15Exp: 2031-07-15→ Common Stock (2,569 underlying) - Award
Stock Settled Appreciation Rights
2024-05-03$52.29/sh+2,812$147,039→ 2,812 totalExercise: $52.29From: 2023-02-09Exp: 2033-02-09→ Common Stock (2,812 underlying)
Footnotes (3)
- [F1]Pursuant to the terms of the Agreement and Plan of Reorganization (the "Merger Agreement"), dated as of August 24, 2023, by and between Burke & Herbert Financial Services Corp. ("Burke & Herbert") and Summit Financial Group, Inc. ("Summit"), on May 3, 2024 (the "Closing Date") Summit merged with and into Burke & Herbert (the "Merger"), with Burke & Herbert continuing as the surviving company of the Merger. Pursuant to the Merger Agreement, on the Closing Date each share of Summit common stock held by the reporting person was converted into the right to receive 0.5043 of a share of common stock of Burke & Herbert rounded down to the nearest whole number of shares. The closing price of Burke & Herbert's common stock on May 2, 2024, was $51.67 per share.
- [F2]The Summit ESOP was terminated pursuant to the Merger Agreement.
- [F3]Represents stock appreciation rights ("SARs") that were converted from Summit SARs into Burke & Herbert SARs pursuant to the Merger Agreement.
Documents
Issuer
Burke & Herbert Financial Services Corp.
CIK 0001964333
Entity typeother
Related Parties
1- filerCIK 0001971310
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 4:05 PM ET
- Size
- 17.5 KB