Huffman Patrick Kip 4
Research Summary
AI-generated summary
Burke & Herbert (BHRB) SVP Patrick Huffman Receives RSU Award
What Happened
- Patrick Kip Huffman, Senior Vice President and Chief Accounting Officer of Burke & Herbert Financial Services Corp. (BHRB), received an award of 950 time‑based restricted stock units (RSUs) on 2026-01-22. The grant was reported at $0.00 per share (no cash paid at grant).
- The RSUs do not represent immediately tradable shares; they will convert to common stock only as they vest.
Key Details
- Transaction date: 2026-01-22; Form 4 filed 2026-01-23 (timely filing).
- Transaction type/code: A — Award/Grant of RSUs.
- Quantity: 950 RSUs; grant price shown as $0.00 (typical for RSU awards).
- Vesting: Award vests in three annual installments beginning May 3, 2026, and each vested RSU will be settled in shares of BHRB common stock within 60 days of the applicable vesting date (subject to continued employment).
- Shares owned after transaction: Not specified in the information provided in this summary.
- No 10b5-1 plan, tax‑withholding sale, or late‑filing notation indicated in the filing.
Context
- RSUs are a form of equity compensation that only convert into actual shares upon vesting; they can be forfeited if employment ends before vesting and are typically taxable when settled.
- This is a grant/compensation event (not an open‑market purchase or sale) and does not by itself indicate buy or sell sentiment by the insider.
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