Hintelmann Robert Victor Jr. 4
Research Summary
AI-generated summary
BHRB Chief Credit Officer Robert Hintelmann Receives RSU Award
What Happened
- Robert Victor Hintelmann Jr., Chief Credit Officer of Burke & Herbert Financial Services Corp. (BHRB), was granted 2,050 time‑based restricted stock units (RSUs) on 2026-01-22. The Form 4 shows the award as an acquisition at $0.00 per unit (no cash purchase). Each RSU will be settled in one share of BHRB common stock when it vests.
Key Details
- Transaction date: 2026-01-22; Form 4 filed: 2026-02-19 (filed late—about 28 days after the transaction).
- Award: 2,050 RSUs reported as an acquisition (code A) at $0.00 per unit.
- Vesting: RSUs vest in three equal annual installments, subject to continued employment.
- Settlement: Each RSU will convert to one share of common stock upon vesting.
- Shares owned after transaction: not specified in the filing.
- Footnote: award is time‑based RSUs with three‑year annual vesting (no additional conditions noted).
Context
- RSU grants are a form of compensation, not an open‑market purchase or sale, and require no immediate cash outlay by the insider. They generally reflect pay incentives and only convert to actual shares when vested and settled. Because the Form 4 was filed late, timing information reached the public market after a delay; the grant itself remains a routine compensation event rather than a direct buy/sell signal.