Form 4: Burke & Herbert Director McLaughlin Acquires 1,000 Shares of Common Stock

Director Shawn Patrick McLaughlin acquired 1,000 shares of Burke & Herbert Financial Services Corp. common stock on August 15, 2024, as part of restricted stock units awarded for service as a director.

Summary

• On August 15, 2024, Shawn Patrick McLaughlin, a director of Burke & Herbert Financial Services Corp., acquired 1,000 shares of common stock.
• The acquisition was part of a grant of restricted stock units awarded for service as a director.
• These units vest on the first anniversary of the grant date, contingent upon continued service and meeting attendance requirements.
• The units can only be settled in shares of the Issuer's common stock on a one-for-one basis.
• Following the transaction, McLaughlin directly owns 60,250 shares of common stock.
• McLaughlin also indirectly owns 1,000 shares through McLaughlin Ryder Investments, Inc., an affiliated company.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence in the company, but it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The restricted stock units vest on the first anniversary of the grant date, subject to continued service and satisfaction of attendance requirements.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Key Dates