Form 4: Burke & Herbert CFO Roy Eugene Halyama Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
Roy Eugene Halyama, EVP and CFO of Burke & Herbert Financial Services Corp., reports the acquisition of 8,976 shares of common stock through a performance-based restricted stock unit (PRSU) award and the disposal of 15,123 shares.
Summary
- Roy Eugene Halyama, the EVP and CFO of Burke & Herbert Financial Services Corp., filed a Form 4.
- On January 23, 2025, Halyama acquired 8,976 shares of common stock through a performance-based restricted stock unit (PRSU) award.
- The PRSU award was granted under the Burke & Herbert Bank 2024 2025 Merger Incentive Plan adopted May 1, 2024.
- The award will vest in three annual installments starting May 3, 2025, contingent upon continued employment.
- Each vested PRSU will be settled in one share of Burke & Herbert Financial Services Corp. common stock within 60 days of the vesting date.
- Halyama also disposed of 15,123 shares on the same date.
- Following these transactions, Halyama beneficially owns 15,123 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation and stock ownership. There are no explicit positive or negative implications for the company's performance.
Positives
- The acquisition of shares through the PRSU award aligns Halyama's interests with the company's performance and the success of the merger incentive plan.
Future Outlook
The PRSU award will vest in three annual installments beginning on May 3, 2025, subject to continued employment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates changes in Halyama's ownership stake in Burke & Herbert Financial Services Corp.
Key Dates
| Date | Description |
|---|---|
| 2024-05-01 | Adoption date of the Burke & Herbert Bank 2024 2025 Merger Incentive Plan |
| 2025-01-23 | Date of transaction: Acquisition of 8,976 shares and disposal of 15,123 shares |
| 2025-01-27 | Date of signature on the Form 4 filing |
| 2025-05-03 | First vesting date of the PRSU award |
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