Jose D. Riojas - Apr 21, 2023 Form 3 Insider Report for Burke & Herbert Financial Services Corp. (BHRB)

Role: Director
Signature: /s/ Kirtan Parikh, as Attorney-in-Fact for Jose D. Riojas
Stock symbol: BHRB
Transactions as of: Apr 21, 2023
Transactions value $: $0
Form type: 3
Date filed: 4/21/2023, 08:10 PM
Next filing: Jan 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BHRB	Common Stock						3K	Apr 21, 2023	Direct
holding	BHRB	Common Stock						10.6K	Apr 21, 2023	Held by Jose and Susan Riojas Joint Revocable Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BHRB	Restricted Stock Units							Apr 21, 2023	Common Stock	3K		Direct	F1, F2
holding	BHRB	Performance-Based Restricted Stock Units							Apr 21, 2023	Common Stock	3K		Direct	F2, F3
holding	BHRB	Performance-Based Restricted Stock Units							Apr 21, 2023	Common Stock	1K		Direct	F2, F4
holding	BHRB	Phantom Stock							Apr 21, 2023	Common Stock	200		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Assuming continued service this award will vest on the expiration date.
F2	Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of Burke & Herbert Financial Services Corp.
F3	Assuming continued service and the satisfaction of performance conditions, this award will vest no sooner than December 31, 2024 and no later than December 31, 2026.
F4	Assuming continued service and the satisfaction of performance conditions, this award will vest no sooner than January 19, 2026 and no later than January 19, 2028.
F5	Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash, upon the reporting person's termination of service.