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4//SEC Filing

Markwood Julie R 4

Accession 0001964333-24-000205

CIK 0001964333other
View on SEC.govCompany Profile

Filed

May 5, 8:00 PM ET

Accepted

May 6, 4:42 PM ET

Size

17.0 KB

Accession

0001964333-24-000205

Insider Transaction Report

Form 4
Period: 2024-05-03
Burke & Herbert Financial Services Corp.BHRB
Cook Julie R
Chief Accounting Officer
Transactions
  • Award

    Common Stock

    2024-05-03+6,854→ 6,854 total(indirect: By Trust)
  • Award

    Common Stock

    2024-05-03+2,046→ 2,046 total
  • Award

    Common Stock

    2024-05-03+127→ 127 total(indirect: By Children)
  • Award

    Stock Settled Appreciation Rights

    2024-05-03$43.33/sh+2,954$127,997→ 2,954 total
    Exercise: $43.33From: 2021-07-15Exp: 2031-07-15→ Common Stock (2,954 underlying)
  • Award

    Stock Settled Appreciation Rights

    2024-05-03$51.58/sh+1,413$72,883→ 1,413 total
    Exercise: $51.58From: 2017-02-09Exp: 2027-02-09→ Common Stock (1,413 underlying)
  • Award

    Stock Settled Appreciation Rights

    2024-05-03$47.47/sh+2,939$139,514→ 2,939 total
    Exercise: $47.47From: 2019-02-07Exp: 2029-02-07→ Common Stock (2,939 underlying)
  • Award

    Stock Settled Appreciation Rights

    2024-05-03$52.29/sh+2,841$148,556→ 2,841 total
    Exercise: $52.29From: 2023-02-09Exp: 2033-02-09→ Common Stock (2,841 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

1 file

Issuer

Burke & Herbert Financial Services Corp.

CIK 0001964333

→
Entity typeother

Related Parties

1
  • filerCIK 0001339953

Filing Metadata

Form type
4
Filed
May 5, 8:00 PM ET
Accepted
May 6, 4:42 PM ET
Size
17.0 KB
View on SEC.gov