4//SEC Filing
MADDY H CHARLES III 4
Accession 0001964333-24-000199
CIK 0001964333other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 4:23 PM ET
Size
19.0 KB
Accession
0001964333-24-000199
Insider Transaction Report
Form 4
MADDY H CHARLES III
DirectorPresident
Transactions
- Award
Stock Settled Appreciation Rights
2024-05-03$23.82/sh+10,544$251,158→ 10,544 totalExercise: $23.82From: 2015-04-23Exp: 2025-04-23→ Common Stock (10,544 underlying) - Award
Stock Settled Appreciation Rights
2024-05-03$51.58/sh+7,901$407,534→ 7,901 totalExercise: $51.58From: 2017-02-09Exp: 2027-02-09→ Common Stock (7,901 underlying) - Award
Stock Settled Appreciation Rights
2024-05-03$47.47/sh+15,934$756,387→ 15,934 totalExercise: $47.47From: 2019-02-07Exp: 2029-02-07→ Common Stock (15,934 underlying) - Award
Common Stock
2024-05-03+19,592→ 19,592 total(indirect: By Spouse) - Award
Common Stock
2024-05-03+20,802→ 20,802 total - Award
Common Stock
2024-05-03+16,965→ 16,965 total(indirect: By Trust) - Award
Stock Settled Appreciation Rights
2024-05-03$43.33/sh+15,616$676,641→ 15,616 totalExercise: $43.33From: 2021-07-15Exp: 2031-07-15→ Common Stock (15,616 underlying) - Award
Stock Settled Appreciation Rights
2024-05-03$52.29/sh+14,823$775,095→ 14,823 totalExercise: $52.29From: 2023-02-09Exp: 2033-02-09→ Common Stock (14,823 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 0001186827
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 4:23 PM ET
- Size
- 19.0 KB