Zirk Angela R 4

What Happened

• Angela R. Zirk, Executive Vice President & Chief Experience Officer of Burke & Herbert Financial Services Corp., exercised 1,468 stock options on July 1, 2026. The exercise required $63,608 in cash (1,468 shares × $43.33 exercise price). To cover tax withholding, 1,051 of the newly acquired shares were surrendered/disposed at $72.79 per share (value ≈ $76,497). After withholding, Zirk retained a net 417 shares (1,468 exercised − 1,051 withheld).

Key Details

• Transaction date: 2026-07-01.
• Option exercise: 1,468 shares at $43.33 each; cash paid = $63,608 (code M).
• Tax withholding/covered exercise price: 1,051 shares disposed at $72.79 each; value ≈ $76,497 (code F).
• A separate derivative entry shows the conversion/disposition of the option into shares (reported at $0), reflecting the exercise event.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-07-02 — no late filing flag shown in the provided data.

Context

• This was an option exercise with shares withheld to satisfy tax liabilities (common practice), not an open-market purchase or a gift. The F-code sale represents shares retained by the company/issuer to cover taxes rather than a market sell intended as investment disposition.
• For retail investors: exercises indicate management is realizing option value; withheld shares for taxes are routine and do not necessarily signal a change in sentiment.