Form 4: BHRB EVP Acquires Shares via Employee Stock Plan

Jennifer Palmer Schmidt, EVP and Chief Risk Officer of Burke & Herbert Financial Services Corp., acquired 231 shares of common stock through the company's Employee Stock Purchase Plan.

Summary

• Jennifer Palmer Schmidt, Executive Vice President and Chief Risk Officer of Burke & Herbert Financial Services Corp. (BHRB), acquired 231 shares of common stock.
• The transaction occurred on February 28, 2026, as part of the company's 2023 Employee Stock Purchase Plan (ESPP).
• Shares were purchased at a price of $54.026 per share.
• The purchase price represents 85% of the closing price of the issuer's common stock on August 29, 2025, which was the lower of the closing price on the start or end date of the applicable purchase period.
• Following this transaction, Jennifer Palmer Schmidt beneficially owns a total of 4,703 shares of common stock.
• The acquisition was made under ESPP for the purchase period from September 1, 2025, through February 28, 2026.
• These shares were acquired in transactions exempted by Rule 16b-3(c) and Rule 16b-3(d) of the Securities Exchange Act.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal. An executive's participation in an ESPP and acquisition of shares demonstrates continued confidence in the company, although the transaction size is not substantial enough to warrant a higher score.

Positives

• An executive's acquisition of company shares, even through an ESPP, can signal confidence in the company's future prospects.
• Participation in the Employee Stock Purchase Plan aligns management's interests with those of shareholders.

Industry Context

StockSavvy.ai notes that insider purchases, particularly through structured plans like an ESPP, are generally viewed as a positive signal, indicating management's belief in the company's long-term value. While the volume of shares is relatively small, it reinforces alignment with shareholder interests within the financial services sector.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive indicator of management confidence in the company's future performance and stock value.

Key Dates

Keywords

BHRB, Burke & Herbert Financial Services Corp, Insider Transaction, Stock Purchase, ESPP, Executive Compensation, Common Stock