InsiderTrades

Form 4 for BHRB Burke & Herbert Financial Services Corp.

Accepted 2024-05-06 00:00:00 ET · period of report 2024-05-03 · accession 0001964333-24-000197 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
DI 2024-05-06 2024-05-03 BHRB Zirk Angela R EVP, Chief Experience Off A - Grant — +1,911 1,911 New —
D 2024-05-06 2024-05-03 BHRB Zirk Angela R EVP, Chief Experience Off A - Grant — +617 617 New —
DM 2024-05-06 2024-05-03 BHRB Zirk Angela R EVP, Chief Experience Off A - Grant $45.28 +9,760 1,210 New +$441.9K

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2024-05-03 A A 1,911 — 1,911 I — — (F1) Pursuant to the terms of the Agreement and Plan of Reorganization (the "Merger Agreement"), dated as of August 24, 2023, by and between Burke & Herbert Financial Services Corp. ("Burke & Herbert") and Summit Financial Group, Inc. ("Summit"), on May 3, 2024 (the "Closing Date") Summit merged with and into Burke & Herbert (the "Merger"), with Burke & Herbert continuing as the surviving company of the Merger. Pursuant to the Merger Agreement, on the Closing Date each share of Summit common stock held by the reporting person was converted into the right to receive 0.5043 of a share of common stock of Burke & Herbert rounded down to the nearest whole number of shares. The closing price of Burke & Herbert's common stock on May 2, 2024, was $51.67 per share.
2 Common Common Stock 2024-05-03 A A 617 — 617 D By ESOP Trust — — (F1) Pursuant to the terms of the Agreement and Plan of Reorganization (the "Merger Agreement"), dated as of August 24, 2023, by and between Burke & Herbert Financial Services Corp. ("Burke & Herbert") and Summit Financial Group, Inc. ("Summit"), on May 3, 2024 (the "Closing Date") Summit merged with and into Burke & Herbert (the "Merger"), with Burke & Herbert continuing as the surviving company of the Merger. Pursuant to the Merger Agreement, on the Closing Date each share of Summit common stock held by the reporting person was converted into the right to receive 0.5043 of a share of common stock of Burke & Herbert rounded down to the nearest whole number of shares. The closing price of Burke & Herbert's common stock on May 2, 2024, was $51.67 per share. (F2) The Summit ESOP was terminated pursuant to the Merger Agreement.
3 Derivative Stock Settled Appreciation Rights 2024-05-03 A A 1,045 $51.58 1,045 D $51.58 · 2017-02-09 to 2027-02-09 1,045 Common Stock (F3) Represents stock appreciation rights ("SARs") that were converted from Summit SARs into Burke & Herbert SARs pursuant to the Merger Agreement.
4 Derivative Stock Settled Appreciation Rights 2024-05-03 A A 2,812 $52.29 2,812 D $52.29 · 2023-02-09 to 2033-02-09 2,812 Common Stock (F3) Represents stock appreciation rights ("SARs") that were converted from Summit SARs into Burke & Herbert SARs pursuant to the Merger Agreement.
5 Derivative Stock Settled Appreciation Rights 2024-05-03 A A 2,569 $43.33 2,569 D $43.33 · 2021-07-15 to 2031-07-15 2,569 Common Stock (F3) Represents stock appreciation rights ("SARs") that were converted from Summit SARs into Burke & Herbert SARs pursuant to the Merger Agreement.
6 Derivative Stock Settled Appreciation Rights 2024-05-03 A A 2,124 $47.47 2,124 D $47.47 · 2019-02-07 to 2029-02-07 2,124 Common Stock (F3) Represents stock appreciation rights ("SARs") that were converted from Summit SARs into Burke & Herbert SARs pursuant to the Merger Agreement.
7 Derivative Stock Settled Appreciation Rights 2024-05-03 A A 1,210 $23.82 1,210 D $23.82 · 2015-04-23 to 2025-04-23 1,210 Common Stock (F3) Represents stock appreciation rights ("SARs") that were converted from Summit SARs into Burke & Herbert SARs pursuant to the Merger Agreement.