Form 4: Katherine Bonnafe Reports Acquisition of 1,000 Common Stock Shares in Burke & Herbert Financial Services Corp.

Director Katherine Bonnafe acquired 1,000 shares of Burke & Herbert Financial Services Corp. common stock on August 15, 2024, as part of restricted stock units awarded for service as a director.

Summary

• Katherine Bonnafe, a director of Burke & Herbert Financial Services Corp., reported the acquisition of 1,000 shares of common stock on August 15, 2024.
• The acquisition was due to the awarding of restricted stock units for her service as a director.
• These units vest on the first anniversary of the grant date, contingent upon continued service and meeting attendance requirements.
• The units can only be settled in shares of the Issuer's common stock on a one-for-one basis.
• Following the transaction, Bonnafe directly owns 7,200 shares of common stock.
• Bonnafe also beneficially owns additional restricted stock units which may be settled in cash and were previously reported in Table II.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard director compensation practice. The acquisition of shares by a director is generally viewed positively, but it's a routine event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The restricted stock units vest on the first anniversary of the grant date, subject to continued service and satisfaction of attendance requirements.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates