Burke & Herbert (BHRB) director receives merger stock and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke & Herbert Financial Services Corp. director Diane Poillon reported equity awards tied to the merger of LINKBANCORP into Burke & Herbert effective May 1, 2026. She acquired 1,928 shares of common stock as a grant/award and now holds 1,928 shares directly.
Poillon was also granted 675 stock options for Burke & Herbert common stock, each with a $74.08 exercise price and expiring on June 14, 2029. These options cover 675 underlying common shares and are held directly as part of her director compensation and merger-related equity conversion.
Positive
- None.
Negative
- None.
Insights
Diane Poillon received stock and options via merger-related awards, not open-market buying.
Director Diane Poillon acquired 1,928 common shares and 675 stock options in Burke & Herbert as grant/award transactions. The footnotes explain these stem from converting her prior LINKBANCORP holdings under a merger agreement effective May 1, 2026, so no cash purchase occurred.
The options have a $74.08 exercise price and expire on June 14, 2029, providing long-dated equity exposure. Because these are compensation and merger-conversion entries rather than discretionary market buys or sells, they are typically viewed as routine and carry limited standalone signal for the company’s outlook.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Poillon Diane
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 675 | $0.00 | -- |
| Grant/Award | Common Stock | 1,928 | $0.00 | -- |
Holdings After Transaction:
Stock Options — 675 shares (Direct, null);
Common Stock — 1,928 shares (Direct, null)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger dated December 18, 2025 (the "Merger Agreement") by and between LINKBANCORP, Inc. ("LNKB") and BHRB, effective May 1, 2026 (the "Closing Date") LNKB merged into BHRB (the "merger") with BHRB surviving. Pursuant to the Merger Agreement, each of the Reporting Person's 14,285 directly held shares of LNKB common stock outstanding at the Closing Date was converted into the right to receive 0.1350 shares of BHRB common stock, with cash to be received in lieu of fractional shares Pursuant to the Merger Agreement by and between LNKB and BHRB, effective as of the Closing Date, each of the Reporting Person's LNKB options outstanding at the Closing Date were converted into the right to receive an option of Burke & Herbert, subject to the same terms and conditions as applied to the corresponding LNKB Option immediately prior to the Closing Date, as adjusted pursuant to the Merger Agreement.
Key Figures
Common shares acquired: 1,928 shares
Stock options granted: 675 options
Option exercise price: $74.08 per share
+2 more
5 metrics
Common shares acquired
1,928 shares
Grant/award acquisition on May 1, 2026; total shares after transaction
Stock options granted
675 options
Grant/award acquisition on May 1, 2026; underlying common stock
Option exercise price
$74.08 per share
Burke & Herbert stock options converted from LNKB options
Option expiration date
June 14, 2029
Expiration for 675 Burke & Herbert stock options
LNKB shares converted
14,285 shares
Directly held LINKBANCORP shares converted at 0.1350 BHRB per share
Key Terms
Agreement and Plan of Merger, Merger Agreement, Stock Options, exercise price, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger dated December 18, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Agreement regulatory
"Pursuant to the Merger Agreement, each of the Reporting Person's 14,285 directly held shares"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
Stock Options financial
"Stock Options, transaction code A, derivative, 675.0000 shares"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"conversion_or_exercise_price: "74.0800""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Diane Poillon acquire in Burke & Herbert (BHRB) according to this Form 4?
Diane Poillon acquired 1,928 shares of Burke & Herbert common stock and 675 stock options. The filing classifies both as grant or award acquisitions, reflecting equity she received rather than stock bought in the open market.
How is the LINKBANCORP merger described in Diane Poillon’s BHRB Form 4?
The footnotes state that under an Agreement and Plan of Merger, LINKBANCORP merged into Burke & Herbert effective May 1, 2026. Poillon’s LNKB shares and options were converted into Burke & Herbert stock and options based on the merger’s agreed exchange terms.
What are the key terms of Diane Poillon’s Burke & Herbert stock options reported on this Form 4?
Poillon holds 675 Burke & Herbert stock options with a $74.08 exercise price, expiring on June 14, 2029. These options were issued by converting her prior LINKBANCORP options, keeping substantially the same terms and conditions after the merger.
Is Diane Poillon’s BHRB Form 4 transaction an open-market stock purchase or sale?
No. The Form 4 classifies both transactions under code A as grant, award, or other acquisition. The footnotes explain the new shares and options arose from the merger conversion of her LINKBANCORP equity, rather than from buying or selling stock in the market.