Burke & Herbert (BHRB) EVP Jennifer Palmer Schmidt Buys 160 Shares

What Happened

• Jennifer Palmer Schmidt, EVP and Chief Risk Officer of Burke & Herbert Financial Services Corp. (BHRB), acquired 160 shares on 2026-08-31 under the company’s 2023 Employee Stock Purchase Plan (ESPP). The shares were acquired at $54.77 each for a total of $8,763. This was a purchase (acquisition) rather than a sale.

Key Details

• Transaction date and price: 2026-08-31 — 160 shares at $54.77 per share (total $8,763).
• Method: Purchased under Burke & Herbert’s 2023 ESPP (footnote F1).
• Purchase pricing detail: ESPP price was 85% of the closing price used for the purchase period (see Context).
• Shares owned after transaction: Not disclosed in the provided Form 4 excerpt.
• Filing date/timeliness: Form 4 filed 2026-09-29. (This is about 29 days after the transaction and appears later than the typical 2-business-day reporting window for Form 4s.)

Context

• The footnote explains these shares were bought under the ESPP for the purchase period March 1, 2026–August 31, 2026, at a price equal to 85% of the lower of the closing price on the start or end date; because the start date was a non-trading day, the closing price from the prior trading day (Feb 27, 2026) was used. The filing notes the shares were acquired in transactions exempted by Rule 16b-3(c) and 16b-3(d).
• ESPP purchases are routine compensation/benefit transactions and can be interpreted differently than open-market buys by insiders; they do, however, represent an insider buying company stock.