Ritchie Bradford E 4

4 · Burke & Herbert Financial Services Corp. · Filed May 6, 2024

Form 4

Period: 2024-05-03

EVP, Chief Lending Officer

Transactions

Award
Common Stock
2024-05-03+10,983→ 10,983 total
Award
Stock Settled Appreciation Rights
2024-05-03$43.33/sh+9,598$415,881→ 9,598 total
Exercise: $43.33From: 2021-07-15Exp: 2031-07-15→ Common Stock (9,598 underlying)
Award
Stock Settled Appreciation Rights
2024-05-03$52.29/sh+9,336$488,179→ 9,336 total
Exercise: $52.29From: 2023-02-09Exp: 2033-02-09→ Common Stock (9,336 underlying)
Award
Common Stock
2024-05-03+5,195→ 5,195 total(indirect: By Trust)
Award
Stock Settled Appreciation Rights
2024-05-03$23.82/sh+8,629$205,543→ 8,629 total
Exercise: $23.82From: 2015-04-23Exp: 2025-04-23→ Common Stock (8,629 underlying)
Award
Stock Settled Appreciation Rights
2024-05-03$51.58/sh+2,749$141,793→ 2,749 total
Exercise: $51.58From: 2017-02-09Exp: 2027-02-09→ Common Stock (2,749 underlying)
Award
Stock Settled Appreciation Rights
2024-05-03$47.47/sh+5,689$270,057→ 5,689 total
Exercise: $47.47From: 2019-02-07Exp: 2029-02-07→ Common Stock (5,689 underlying)

Footnotes (3)

[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]The Summit ESOP was terminated pursuant to the Merger Agreement.
[F3]Represents stock appreciation rights ("SARs") that were converted from Summit SARs into Burke & Herbert SARs pursuant to the Merger Agreement.

Documents

1 file