Ronald L. Bowling - 03 May 2024 Form 4 Insider Report for Burke & Herbert Financial Services Corp. (BHRB)

Reporting relationship: Bank Director
Issuer ticker: BHRB
Reported as of: 03 May 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 May 2024, 09:16:11 UTC
Prior SEC filing: 02 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/ Kirtan Parikh, as Attorney-in-Fact for Ronald L. Bowling

Key filing fact

Ronald L. Bowling filed Form 4 for Burke & Herbert Financial Services Corp. (BHRB) on 06 May 2024.

Key facts

This page summarizes Ronald L. Bowling's Form 4 filing for Burke & Herbert Financial Services Corp. (BHRB).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 06 May 2024, 09:16.

Change

Previous filing in this sequence was filed on 02 Feb 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BHRB transaction

Common Stock

Award

Transaction value
Shares: +4,537
Change %
Price
Shares after: 4,537
Date: 03 May 2024
Ownership: Direct
Footnotes: F1

BHRB transaction

Preferred Stock

Award

Transaction value
Shares: +10
Change %
Price
Shares after: 10
Date: 03 May 2024
Ownership: Direct
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.