4/A: Burke & Herbert Financial Services Corp. Executive Corrects Stock Ownership Report

Kendrick Cook Smith, EVP of Operations at Burke & Herbert Financial Services Corp., amends a previous SEC filing to correct the reported number of beneficially owned shares after a purchase through the Employee Stock Purchase Plan.

Summary

• Kendrick Cook Smith, an EVP at Burke & Herbert Financial Services Corp., filed an amended Form 4/A with the SEC.
• The amendment corrects a reporting error in the original Form 4 filed on March 4, 2024.
• The correction pertains to the number of shares beneficially owned following a transaction related to the company's Employee Stock Purchase Plan (ESPP).
• The ESPP purchase occurred during the period of September 1, 2023, through February 29, 2024.
• Smith purchased 185 shares of common stock at $43.112 per share through the ESPP.
• The shares were purchased at 85% of the closing price on September 1, 2023.
• The original filing incorrectly stated the beneficial ownership as 2,770 shares, which has now been corrected to 185 shares.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While it indicates a past error, the correction itself is a positive step towards transparency and accurate reporting.

Negatives

• The original Form 4 filing contained a reporting error regarding the number of shares beneficially owned.

Industry Context

This filing is a routine disclosure related to executive stock ownership and participation in company-sponsored stock purchase plans, common in publicly traded companies.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders regarding executive stock ownership.

Key Dates