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In a recent transaction, Julian Forrest Barnwell Jr., a director at Burke & Herbert Financial Services Corp. (NASDAQ:BHRB), purchased 1,000 shares of the company’s common stock. The shares were acquired at an average price of $58.80, totaling approximately $58,798. The transaction was conducted on March 10, 2025.
Following this purchase, Barnwell holds a substantial number of shares through various trusts. As a trustee for the Barnwell Family Trust, he now owns 84,083 shares. Additionally, he holds 90,221 shares as a trustee for the Barnwell Charitable Lead Trust, and 203,939 shares for the Patricia Barnwell Irrevocable Trust. Furthermore, Barnwell oversees 1,000 shares under the Julian F Barnwell, Jr Irrevocable Trust, along with 20,580 shares held directly in the $871 million market cap company.
This transaction underscores Barnwell’s continued investment in Burke & Herbert Financial Services, reflecting confidence in the company’s prospects.
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 responsibilities until the meeting, which is scheduled for May 22, 2025. The company, headquartered in Alexandria, Virginia, expressed its gratitude for Kitzmiller’s contributions in a Form 8-K filing with the Securities and Exchange Commission. The filing also confirmed that the 2025 Annual Meeting will take place at the Burke & Herbert Corporate Center in Alexandria. March 14, 2025, has been set as the record date for shareholders eligible to receive notice and vote at the meeting. Shareholders have been alerted to revised deadlines for proposals due to the meeting’s date being more than 30 days before the anniversary date of the 2024 Annual Meeting. Proposals and nominations for director positions outside of SEC Rule 14a-8 must be received by February 21, 2025, adhering to SEC rules and the company’s bylaws. Further details regarding the meeting and proxy materials will be communicated to shareholders and filed with the SEC at a later date.
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