Form 4: Director James Burke Exercises Stock Options in Burke & Herbert Financial Services Corp.

James Burke, a director of Burke & Herbert Financial Services Corp., executed transactions involving restricted stock units, resulting in the acquisition of 3,000 shares of common stock.

Summary

• On June 17, 2024, James Burke, a director of Burke & Herbert Financial Services Corp., engaged in transactions involving the conversion of restricted stock units into common stock.
• Burke acquired 3,000 shares of common stock through the exercise of performance-based restricted stock units and another 3,000 shares through the exercise of restricted stock units.
• Following these transactions, Burke directly owns 13,480 shares of common stock and indirectly owns 256,980 shares as co-Trustee for The Burke Living Trust.
• The restricted stock units converted into common stock on a one-for-one basis upon the satisfaction of performance conditions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a standard insider transaction with no explicit positive or negative implications.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects an insider's activity related to stock options.

Key Dates