Form 4: Burke & Herbert Financial Services Corp. Director Samuel Laing Hinson III Reports Stock Transactions
SEC Form 4 Filing
Director Samuel Laing Hinson III reports the vesting and conversion of restricted stock units into common stock of Burke & Herbert Financial Services Corp.
Summary
- On June 17, 2024, Samuel Laing Hinson III, a director of Burke & Herbert Financial Services Corp., reported the vesting of 3,000 performance-based restricted stock units and 3,000 restricted stock units.
- These units converted into 3,000 shares of common stock each.
- Following these transactions, Hinson directly owns 25,560 shares of common stock.
- Hinson also indirectly owns 31,040 shares through S.L. Hinson Associates, LLLP, and 24,800 shares through Kedge Capital, LLC.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial services industry. These filings provide transparency into the actions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of transaction: vesting and conversion of restricted stock units. |
| 12/31/2026 | Expiration date of some of the restricted stock units. |
| 06/18/2024 | Date of signature on the Form 4 filing. |
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