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Jose David Riojas, a director at Burke & Herbert Financial Services Corp. (NASDAQ:BHRB), has acquired additional shares in the company. According to a recent SEC filing, Riojas purchased a total of 600 shares of common stock on March 11, 2025. The shares were acquired at a price of $58 each, amounting to a total investment of $34,800.
The transactions were carried out in two separate purchases. One involved 500 shares held by the Jose and Susan Riojas Joint Revocable Trust, and the other involved 100 shares purchased directly by Riojas. After these transactions, Riojas holds a total of 18,000 shares through the trust and 10,200 shares directly.
This move reflects Riojas’s continued confidence in the financial services company, which is headquartered in Alexandria, Virginia.
In other recent news, Burke & Herbert Financial Services Corp. announced that board member Jason A. Kitzmiller will not seek re-election at the 2025 Annual Shareholder’s Meeting. Kitzmiller will continue his duties until the meeting, which is scheduled for May 22, 2025. The company expressed gratitude for Kitzmiller’s contributions in a Form 8-K filing with the Securities and Exchange Commission. The filing also confirmed that the meeting will take place at the Burke & Herbert Corporate Center in Alexandria, Virginia. Shareholders eligible to vote at the meeting must be recorded by March 14, 2025. The company noted that due to the meeting’s scheduling, revised deadlines apply for shareholder proposals and director nominations. Proposals and nominations must be submitted by February 21, 2025, and adhere to SEC rules and the company’s bylaws. These developments were communicated to ensure shareholders are informed of essential governance information.
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