Form 4: Burke & Herbert Financial Services Corp. Executive Reports Stock Transactions
SEC Form 4 Filing
Robert S. Tissue, EVP of Financial Strategy at Burke & Herbert Financial Services Corp., reports acquisition and disposal of common stock and stock settled appreciation rights.
Summary
- Robert S. Tissue, an EVP at Burke & Herbert Financial Services Corp., filed a Form 4 detailing changes in beneficial ownership.
- On July 24, 2024, Tissue acquired 5,430 shares of common stock at $23.82 per share through the exercise of stock settled appreciation rights.
- On the same day, Tissue disposed of 2,029 shares of common stock at $63.75 per share.
- Following these transactions, Tissue directly owns 33,655 shares of common stock.
- Tissue also has indirect ownership of 373 shares through a spouse and 9,865 shares through an ESOP Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as it can provide insights into their confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 04/23/2015 | Date exercisable for Stock Settled Appreciation Rights |
| 07/24/2024 | Date of stock acquisition and disposal. |
| 07/25/2024 | Date of Form 4 filing. |
| 04/23/2025 | Expiration date for Stock Settled Appreciation Rights |
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