Burke & Herbert Financial Services director Julian Barnwell Jr. buys $247,500 in stock

Julian Barnwell Jr., a director at Burke & Herbert Financial Services Corp. (NASDAQ:BHRB), recently made a significant purchase of the company’s stock. According to a regulatory filing, Barnwell acquired a total of 4,000 shares of common stock on March 4, 2025, with the transaction valued at approximately $247,500. The shares were bought at prices ranging from $61.75 to $62.00 per share.

Following these transactions, Barnwell’s total direct and indirect ownership of Burke & Herbert shares increased to a notable sum, held in various trusts including the Patricia Barnwell Irrevocable Trust, the Barnwell Family Trust, and the Barnwell Charitable Lead Trust. This move reflects a continued confidence in the company’s prospects by a key insider.

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 announcement was disclosed in a Form 8-K filing with the Securities and Exchange Commission. The company also stated that the 2025 Annual Meeting would take place at the Burke & Herbert Corporate Center in Alexandria, Virginia. The board fixed March 14, 2025, as the record date for shareholders eligible to receive notice and vote at the meeting. Shareholders were 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 must be received by February 21, 2025, and adhere to SEC rules and the company’s bylaws. Further details regarding the meeting and proxy materials will be provided to shareholders and filed with the SEC at a later date.

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