Burke & Herbert (BHRB) EVP & CRO Jennifer Palmer Schmidt Receives Award

What Happened

• Jennifer Palmer Schmidt, EVP and Chief Risk Officer of Burke & Herbert Financial Services Corp. (BHRB), was granted 1,074 performance-based restricted stock units (PRSUs) on 2026-01-22. The filing shows an acquisition price of $0.00 (typical for equity awards) and an aggregate reported acquisition value of $0.

Key Details

• Transaction date: 2026-01-22; Form 4 filed: 2026-01-23.
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 1,074 PRSUs; reported acquisition price = $0.00.
• Vesting: Award vests in three annual installments beginning May 3, 2026, subject to continued employment; each vested PRSU will be settled in shares within 60 days of vesting (per footnote).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Timeliness: Filing appears timely (no late filing flag).

Context

• This was a compensation award (performance-based RSUs), not an open-market purchase or sale. Such grants are common for executive pay and do not by themselves signal a buy/sell decision by the insider. The award's actual share transfer and taxable event will occur as each tranche vests and is settled in common stock.