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4//SEC Filing

Freeman Danyl R 4

Accession 0001964333-24-000206

CIK 0001964333other
View on SEC.govCompany Profile

Filed

May 5, 8:00 PM ET

Accepted

May 6, 4:42 PM ET

Size

15.4 KB

Accession

0001964333-24-000206

Insider Transaction Report

Form 4
Period: 2024-05-03
Burke & Herbert Financial Services Corp.BHRB
Freeman Danyl R
Chief Human Resources Officer
Transactions
  • Award

    Common Stock

    2024-05-03+1,515→ 1,515 total
  • Award

    Stock Settled Appreciation Rights

    2024-05-03$51.58/sh+1,278$65,919→ 1,278 total
    Exercise: $51.58From: 2017-02-09Exp: 2027-02-09→ Common Stock (1,278 underlying)
  • Award

    Common Stock

    2024-05-03+6,124→ 6,124 total(indirect: By Trust)
  • Award

    Stock Settled Appreciation Rights

    2024-05-03$47.47/sh+2,738$129,973→ 2,738 total
    Exercise: $47.47From: 2019-02-07Exp: 2029-02-07→ Common Stock (2,738 underlying)
  • Award

    Stock Settled Appreciation Rights

    2024-05-03$52.29/sh+2,819$147,406→ 2,819 total
    Exercise: $52.29From: 2023-02-09Exp: 2033-02-09→ Common Stock (2,819 underlying)
  • Award

    Stock Settled Appreciation Rights

    2024-05-03$43.33/sh+2,836$122,884→ 2,836 total
    Exercise: $43.33From: 2021-07-15Exp: 2031-07-15→ Common Stock (2,836 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 0001864438

Filing Metadata

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