Form 4: Burke & Herbert Financial Services Corp. Executive Exercises Stock Appreciation Rights and Disposes of Shares
SEC Form 4 Filing
Bradford E. Ritchie, EVP and Chief Lending Officer of Burke & Herbert Financial Services Corp., exercised stock-settled appreciation rights and disposed of common stock on April 22, 2025.
Summary
- On April 22, 2025, Bradford E. Ritchie, the EVP and Chief Lending Officer of Burke & Herbert Financial Services Corp., executed transactions involving the company's stock.
- Ritchie exercised stock-settled appreciation rights, acquiring 8,629 shares of common stock at a price of $23.82.
- Simultaneously, Ritchie disposed of 4,035 shares of common stock at a price of $50.94.
- Following these transactions, Ritchie directly owns 19,636 shares of Burke & Herbert Financial Services Corp.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding management's views on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 04/23/2015 | Expiration Date of Stock Settled Appreciation Rights |
| 04/22/2025 | Date of earliest transaction; exercise of stock appreciation rights and disposal of shares |
| 04/23/2025 | Expiration Date of Stock Settled Appreciation Rights |
| 04/24/2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Stock Appreciation Rights, BHRB, Burke & Herbert Financial Services Corp., Insider Trading, Bradford E. Ritchie, Executive Compensation
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