Burke & Herbert's Lending Officer Converts Options With Shares Near $72
This chief lending officer exercised stock options at $51.58 and withheld shares to cover tax obligations from the gain.
Overview
Bradford E. Ritchie, the EVP and Chief Lending Officer of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB), disposed of 2,222 shares of common stock on July 16, 2026, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($70.76); post-transaction value based on July 16, 2026 market close ($72.85).
Details
Burke & Herbert Financial Services Corp. is a regional bank holding company operating from its headquarters in Alexandria, Virginia. The institution demonstrates solid profitability with TTM net income of $117.50 million on revenues of $486.10 million. The company's strategic focus on serving regional small-to-medium-sized business clients and their stakeholders positions it competitively within the regional banking sector, supported by a diversified lending portfolio and established market presence.
Source
Originally published at www.fool.com.