Form 4: Burke & Herbert Financial Services Corp. Director Boyle Exercises Restricted Stock Units
SEC Form 4 Filing
David P. Boyle, Chair & CEO of Burke & Herbert Financial Services Corp., exercised restricted stock units and disposed of shares to cover tax obligations.
Summary
- On June 3, 2024, David P. Boyle, Chair & CEO of Burke & Herbert Financial Services Corp., exercised 1,520 restricted stock units, converting them into common stock on a one-for-one basis.
- Following the exercise, Boyle disposed of 459 shares of common stock at a price of $50.1 to satisfy tax obligations.
- After these transactions, Boyle directly owns 17,966 shares of Burke & Herbert Financial Services Corp. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine insider transactions related to compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| 06/03/2019 | Reporting person was granted 1,520 restricted stock units, vesting on June 3, 2024. |
| 06/03/2024 | Date of transaction: Exercise of restricted stock units and disposal of shares for tax obligations. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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