Burke & Herbert (BHRB) EVP Lauren Kimlel Buys 134 Shares via ESPP

What Happened

• Lauren N. Kimlel, EVP, Retail Banking at Burke & Herbert Financial Services Corp. (BHRB), acquired 134 shares on 2026-08-31 at an effective price of $54.77 per share, for a total reported value of $7,339. The transaction is reported on a Form 4 as an acquisition (code A) tied to the company’s Employee Stock Purchase Plan (ESPP).

Key Details

• Transaction date and price: 2026-08-31, 134 shares at $54.77 each (total $7,339).
• Purchase method: Shares bought under the Burke & Herbert 2023 ESPP for the March 1–August 31, 2026 purchase period.
• ESPP mechanics (footnote): Shares were purchased at 85% of the lower of the closing price on the start or end of the purchase period; the closing price used was from Feb 27, 2026 because the start date fell on a non-trading day.
• Exemption/filing notes: These ESPP purchases were made under exemptions cited (Rule 16b-3(c) and 16b-3(d)). The Form 4 was filed on 2026-09-29 for an 2026-08-31 transaction, which is later than the typical 2-business-day Form 4 reporting window.
• Shares owned after transaction: Not disclosed in the provided filing.

Context

• This was a purchase through the company ESPP (discounted employee purchase), not an option exercise or open-market trade. ESPP purchases are routine employee benefit transactions and are treated as acquisitions but do not by themselves prove a change in the insider’s view of the company.