Huffman Patrick Kip 4/A
Research Summary
AI-generated summary
Burke & Herbert SVP Patrick Huffman Amends: Disposes 950 Shares
What Happened
Patrick Kip Huffman, SVP and Chief Accounting Officer of Burke & Herbert Financial Services Corp. (BHRB), filed an amended Form 4 reporting an "other acquisition or disposition (J)" of 950 shares at $0.00 on 2026-01-22. The reported transaction shows zero cash value (total $0). The amendment corrects a prior mistaken filing that had reported an award of 950 time‑vested restricted stock units (RSUs).
Key Details
- Transaction date: 2026-01-22 (amended filing submitted 2026-02-06).
- Transaction type/code: Other acquisition/disposition (Code J).
- Amount/price: 950 shares at $0.00 (total $0).
- Ownership reported: The filing notes Huffman owned 1,000 shares of common stock as of 2026-01-22.
- Footnote: A previously filed Form 4 (filed 2026-01-23) mistakenly reported a grant of 950 RSUs; the award is not effective until May 3, 2026 and vests in three annual installments beginning that date.
- Filing status: This is an amended Form 4 correcting the prior incorrect report.
Context
The entry appears to be a clerical correction rather than a conventional market purchase or sale—no cash changed hands per the $0.00 price, and the RSU award in question is not effective until May 3, 2026. Corrections like this adjust SEC reporting records but do not, by themselves, indicate insider trading intent or a change in sentiment.