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Julian Barnwell Jr., a director at Burke & Herbert Financial Services Corp. (NASDAQ:BHRB), recently acquired 1,000 shares of the company’s common stock. The transaction, which took place on March 7, 2025, amounted to a total purchase value of $59,750, with each share priced at $59.75.
Following this acquisition, Barnwell’s indirect ownership, as the trustee for various family trusts, now includes a total of 83,083 shares. This purchase adds to his diverse portfolio, which also includes holdings in the Barnwell Charitable Lead Trust and the Patricia Barnwell Irrevocable Trust, among others. The company, with a market capitalization of $902 million, has maintained dividend payments for 19 consecutive years, currently yielding 3.65%. InvestingPro subscribers can access additional insights about BHRB’s growth prospects and financial health metrics.
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, headquartered in Alexandria, Virginia, expressed gratitude for Kitzmiller’s contributions. This information was disclosed in a Form 8-K filing with the Securities and Exchange Commission. The 2025 Annual Meeting will be held at the Burke & Herbert Corporate Center in Alexandria, Virginia. The board has set March 14, 2025, as the record date for shareholders eligible to receive notice and vote at the meeting. Shareholder 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. Proposals and nominations must adhere to SEC rules and the company’s bylaws.
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