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A recent SEC filing reveals that Jose David Riojas, a director at Burke & Herbert Financial Services Corp. (NASDAQ:BHRB), has acquired additional shares in the company. On March 6, Riojas purchased a total of 600 shares of the company’s common stock at a price of $60.20 per share. This acquisition represents a total investment of $36,120.
The transactions were divided into two parts: 500 shares were acquired through the Jose and Susan Riojas Joint Revocable Trust, and an additional 100 shares were bought directly. Following these transactions, Riojas holds a total of 17,500 shares through the trust and 10,100 shares directly. The company has maintained dividend payments for 19 consecutive years, currently offering a 3.65% yield.
These purchases reflect Riojas’s continued confidence in the company, as he strengthens his investment in Burke & Herbert Financial Services.
In other recent news, Burke & Herbert Financial Services Corp. announced that board member Jason A. Kitzmiller will not seek re-election at the upcoming 2025 Annual Shareholder’s Meeting. Kitzmiller will continue his duties until the meeting, which is scheduled for May 22, 2025. The company filed this information in a Form 8-K with the Securities and Exchange Commission. The board has set March 14, 2025, as the record date for shareholders eligible to vote at the meeting. Shareholders are informed that proposals for inclusion in the proxy materials must be received by February 21, 2025. This deadline also applies to shareholder director nominations outside of SEC Rule 14a-8. The company plans to provide further details regarding the meeting and proxy materials to shareholders at a later date.
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