Huffman Patrick Kip 4
Research Summary
AI-generated summary
Burke & Herbert (BHRB) CAO Patrick Huffman Receives 495 RSUs
What Happened
- Patrick Kip Huffman, Senior Vice President and Chief Accounting Officer of Burke & Herbert Financial Services Corp. (BHRB), received an award of 495 restricted stock units (RSUs) on January 22, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00 per unit (no cash paid) — total reported value $0 because these are equity awards, not a market purchase.
Key Details
- Transaction date: 2026-01-22; Form filed: 2026-02-19 (filing was late relative to the transaction date).
- Award: 495 time‑based RSUs; price reported on Form 4: $0.00 per unit.
- Vesting: Award vests in three equal annual installments, subject to continued employment; each RSU will be settled in one share of common stock (per footnote).
- Shares owned after transaction: not specified in the provided filing.
- Filing/timeliness note: the Form 4 was filed nearly four weeks after the grant date, reducing the immediacy of public disclosure.
Context
- These RSUs are a compensation award and will convert to regular shares only as they vest and are settled; they do not represent an open‑market purchase or sale. Such grants are common for executive pay and do not by themselves signal the insider’s intent to buy or sell company stock.