Charles Piccirillo - May 3, 2024 Form 4 Insider Report for Burke & Herbert Financial Services Corp. (BHRB)

Role
Director
Signature
/s/ Kirtan Parikh, as Attorney-in-Fact for Charles S. Piccirillo
Stock symbol
BHRB
Transactions as of
May 3, 2024
Transactions value $
$0
Form type
4
Date filed
5/6/2024, 09:15 AM
Previous filing
Feb 16, 2023
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHRB Common Stock Award +17.8K 17.8K May 3, 2024 Direct F1
transaction BHRB Common Stock Award +314 314 May 3, 2024 By Spouse F1
transaction BHRB Common Stock Award +4.85K 4.85K May 3, 2024 By Anggus Enterprises F1
transaction BHRB Preferred Stock Award +10 10 May 3, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the Agreement and Plan of Reorganization (the "Merger Agreement"), dated as of August 24, 2023, by and between Burke & Herbert Financial Services Corp. ("Burke & Herbert") and Summit Financial Group, Inc. ("Summit"), on May 3, 2024 (the "Closing Date") Summit merged with and into Burke & Herbert (the "Merger"), with Burke & Herbert continuing as the surviving company of the Merger. Pursuant to the Merger Agreement, on the Closing Date each share of Summit common stock held by the reporting person was converted into the right to receive 0.5043 of a share of common stock of Burke & Herbert rounded down to the nearest whole number of shares. The closing price of Burke & Herbert's common stock on May 2, 2024, was $51.67 per share.
F2 Pursuant to the Merger Agreement, each share of Summit preferred stock held by the reporting person was converted into the right to receive one share of Burke & Herbert preferred stock.