Form 4: Burke & Herbert Financial Services Corp. Director Charles Maddy III Reports Transactions

Director and President Charles Maddy III reports acquisition and disposition of Burke & Herbert Financial Services Corp. stock on November 6, 2024.

Summary

• On November 6, 2024, Charles Maddy III, a Director and President of Burke & Herbert Financial Services Corp., reported transactions involving the company's common stock.
• Maddy acquired 5,000 shares of common stock at a price of $23.82 per share.
• Maddy disposed of 1,677 shares of common stock at a price of $71.04 per share.
• Following these transactions, Maddy directly owns 24,125 shares of common stock.
• Maddy also indirectly owns 19,592 shares through a spouse and 16,965 shares through an ESOP Trust.
• Additionally, Maddy reported transactions involving stock-settled appreciation rights.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of key personnel.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into management's perspective on the company's stock value.

Key Dates