Form 4: Director Riojas Increases Stake in Burke & Herbert Financial Services Corp.
SEC Form 4 Filing
Jose David Riojas, a director of Burke & Herbert Financial Services Corp., reports purchasing 3 shares of common stock at $47.75 and indirectly holding 14,603 shares through a joint revocable trust.
Summary
- On June 6, 2024, Jose David Riojas, a director of Burke & Herbert Financial Services Corp., acquired 3 shares of common stock at a price of $47.75 per share.
- Following this transaction, Riojas directly owns 4,000 shares of common stock.
- Riojas also indirectly owns 14,603 shares of common stock through the Jose and Susan Riojas Joint Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a small stock purchase by a director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by corporate insiders. This filing indicates a director's recent purchase of company stock.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence, as it signals a director's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Purchase of 3 shares of common stock. |
| 06/07/2024 | Date of signature on the Form 4 filing. |
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