Form 4: Burke & Herbert Financial Services Corp. Executive Exercises Stock Options
SEC Form 4 Filing
Shannon B. Rowan, EVP of Wealth Services at Burke & Herbert Financial Services Corp., exercised stock options and disposed of shares to cover tax obligations.
Summary
- On January 21, 2025, Shannon B. Rowan, EVP of Wealth Services at Burke & Herbert Financial Services Corp., exercised 360 restricted stock units, converting them into common stock on a one-for-one basis.
- Rowan also disposed of 128 shares of common stock at a price of $62.18 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Rowan directly owns 1,783 shares of Burke & Herbert Financial Services Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing indicates the standard exercise of stock options and the sale of shares to cover associated tax liabilities, which is a common practice among corporate executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it represents a routine exercise of stock options and a small sale of shares.
Key Dates
| Date | Description |
|---|---|
| 01/21/2022 | Reporting person was granted 360 restricted stock units, vesting on January 21, 2025. |
| 01/21/2025 | Restricted stock units convert into common stock on a one-for-one basis. |
| 01/23/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Executive Compensation, Stock Options, Restricted Stock Units, Beneficial Ownership, BHRB, Burke & Herbert Financial Services Corp., Shannon B. Rowan
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