Form 4: Burke & Herbert Financial Services Corp. Director Riojas Acquires Shares
SEC Form 4 Filing
Director Jose David Riojas reports the acquisition of 600 shares of Burke & Herbert Financial Services Corp. at $48 per share and the disposal of 4,000 shares.
Summary
- On May 23, 2024, Jose David Riojas, a director of Burke & Herbert Financial Services Corp., acquired 600 shares of common stock at a price of $48 per share.
- The transaction also involved the disposal of 4,000 shares of common stock.
- Following the reported transaction, Riojas directly owns 0 shares and indirectly owns 14,600 shares through the Jose and Susan Riojas Joint Revocable Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company director.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) when they trade in their company's stock. This provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction may provide insights to shareholders regarding the director's view on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: acquisition of 600 shares and disposal of 4,000 shares. |
| 05/24/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.