H. Charles Maddy III, President and Director of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB), filed a Form 4/A on August 12, 2026, amending an original Form 4 dated June 29, 2026, to correct the number of shares issued upon settlement of stock-settled stock appreciation rights exercised on June 25, 2026.

Key Highlights

  • Amendment purpose: The filing corrects the share count from 3,554 to 3,389 shares issued upon settlement of stock-settled SARs exercised on June 25, 2026.
  • Transaction code F: 12,545 shares of Common Stock were disposed of (code F) on June 25, 2026, at a price of $67.85 per share.
  • Resulting ownership: Following the reported transaction, Maddy directly beneficially owned 46,477 shares of Common Stock.
  • Reason for correction: According to the filing, the original submission used an estimated fair market value; the amendment reflects the final calculated fair market value on the exercise date.
  • Reporting person: H. Charles Maddy III serves as both President and Director of the issuer.
  • Signed by attorney-in-fact: The form was signed by Matthew Rucker as Attorney-in-Fact for H. Charles Maddy III on August 12, 2026.

Correction to SAR Settlement Share Count for Burke & Herbert President

The amended filing relates to the settlement of stock-settled stock appreciation rights (SARs) that H. Charles Maddy III exercised on June 25, 2026. According to the Form 4/A, the original Form 4 filed on June 29, 2026, used an estimated fair market value to determine the number of shares deliverable upon settlement. After the final fair market value was calculated for the exercise date, the share count was adjusted downward from 3,554 shares to 3,389 shares, prompting the amendment.

The filing reports a single transaction in Table I: a disposition of 12,545 shares of Common Stock on June 25, 2026, under transaction code F, at a price of $67.85 per share. This transaction is recorded as a direct holding. Following the transaction, the filing states that Maddy directly beneficially owned 46,477 shares of Common Stock. No derivative securities transactions were reported in Table II of this amendment.

The Form 4/A was filed on August 12, 2026, and was executed by Matthew Rucker as Attorney-in-Fact for H. Charles Maddy III. The filing notes that the amendment "restates the affected line item in Table I accordingly," and no other changes to the original filing were indicated.

What Was Disclosed

Burke & Herbert Financial Services Corp.'s President and Director H. Charles Maddy III amended a prior ownership report to correct the number of shares issued upon SAR settlement, adjusting the figure from 3,554 to 3,389 shares, with direct beneficial ownership standing at 46,477 shares following the transaction.