Kimlel Lauren N. 4

What Happened

• Lauren N. Kimlel, Executive Vice President, Branch Banking at Burke & Herbert Financial Services Corp. (BHRB), had 269 shares disposed to satisfy a tax obligation related to an exercise/vesting event. The shares were valued at $64.64 each, totaling approximately $17,388. This was a tax-withholding disposal (not an open-market sale).

Key Details

• Transaction date: 2026-05-03
• Price per share: $64.64; Shares disposed: 269; Total value: ~$17,388
• Transaction code: F (payment of exercise price or tax liability — shares withheld to cover taxes)
• Filing date: 2026-05-04 (filed promptly)
• Shares owned after transaction: not specified in the provided filing

Context

• Code F typically means shares were surrendered/withheld to satisfy tax withholding after an option exercise or restricted stock vesting — a routine administrative action often called a “cashless” or “net” settlement. Such withholdings are common and do not necessarily indicate the insider’s view of the company. Purchases are generally more informative about insider confidence than routine tax withholding.