6 results
DEF 14A
BHRB
Burke & Herbert Bank & Trust Company
29 May 24
Definitive proxy
4:42pm
Incentive Plan (the “2023 SIP”). However, all stock awards granted in 2023 to the NEOs were granted under the 2019 SIP prior to the adoption of the 2023 SIP.
| Stock Awards | ||||||||||||||||||||||||||||||||||||||
| Name | Grant Date | Number of shares or units of stock that have not vested | Market value of shares or units of stock that have not vested (1) | Equity incentive plan awards: Number of unearned shares, units, or other rights that have not vested | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested (1) | |||||||||||||||||||||||||||||||||
| David P. Boyle | 1/19/2023 | 3,361 | (2) | $ | 211,407 | 2,250 | (3) | $ | 141,525 | |||||||||||||||||||||||||||||
| 1/21/2022 | 5,000 | (2) | 314,500 | — | — | |||||||||||||||||||||||||||||||||
| 12/31/2021 | 8,000 | (4) | 503,200 | 8,000 | (4) | 503,200 | ||||||||||||||||||||||||||||||||
| 2/25/2021 | 3,480 | (2) | 218,892 | — | — | |||||||||||||||||||||||||||||||||
| 6/03/2019 | 1,520 | (5) | 95,608 | — | — | |||||||||||||||||||||||||||||||||
| Roy E. Halyama | 1/19/2023 | 829 | (2) | 52,144 | 1,250 | (3) | 78,625 | |||||||||||||||||||||||||||||||
| 1/21/2022 | 960 | (2) | 60,384 | — | — | |||||||||||||||||||||||||||||||||
| 12/31/2021 | 3,000 | (4) | 188,700 | 3,000 | (4) | 188,700 | ||||||||||||||||||||||||||||||||
| 4/05/2021 | 2,040 | (2) | 128,316 | — | — | |||||||||||||||||||||||||||||||||
| Jeffrey A. Welch | 1/19/2023 | 773 | (2) | 48,622 | — | — | ||||||||||||||||||||||||||||||||
| 1/21/2022 | 960 | (2) | 60,384 | — | — | |||||||||||||||||||||||||||||||||
| 2/10/2021 | 1,480 | (2) | 93,092 | — | — | |||||||||||||||||||||||||||||||||
DEF 14A
BHRB
Burke & Herbert Bank & Trust Company
29 May 24
Definitive proxy
4:42pm
| Name & Principal Position | Year | Salary | Bonus | Stock Awards (1) | Nonqualified Deferred Compensation Earnings (2) | Non-Equity Incentive Plan Compensation | All Other Compensation (3) | Total | ||||||||||||||||||||||||||||||||||||||||||
| David P. Boyle, President & Chief Executive Officer | 2023 | $ | 825,000 | $ | — | $ | 388,296 | $ | 4,142 | $ | — | $ | 356,241 | $ | 1,573,679 | |||||||||||||||||||||||||||||||||||
| 2022 | 825,000 | 85,750 | 273,875 | 4,587 | 245,498 | 188,348 | 1,623,058 | |||||||||||||||||||||||||||||||||||||||||||
| Roy E. Halyama, Executive Vice President — Chief Financial Officer | 2023 | 350,000 | — | 139,930 | — | — | 149,050 | 638,980 | ||||||||||||||||||||||||||||||||||||||||||
| 2022 | 344,230 | 48,750 | 52,584 | — | 90,930 | 10,675 | 547,169 | |||||||||||||||||||||||||||||||||||||||||||
| Jeffrey A. Welch, Executive Vice President — Chief Credit Officer | 2023 | 331,477 | — | 56,429 | 2,514 | — | 144,090 | 534,510 | ||||||||||||||||||||||||||||||||||||||||||
| 2022 | 324,920 | — | 52,584 | 3,110 | 84,806 | 75,635 | 541,055 | |||||||||||||||||||||||||||||||||||||||||||
DEF 14A
BHRB
Burke & Herbert Bank & Trust Company
29 May 24
Definitive proxy
4:42pm
At the beginning of 2023, the Compensation Committee met to establish the metrics and weighting that comprise the 2023 incentive compensation targets. Such metrics and weighting for the 2023 incentive compensation targets are shown below, as well as actual performance for 2023 (in thousands).
| Metric | Weighting | Target | Actual | |||||||||||||||||
| Net Interest Income | 25% | $ | 110,000 | $ | 93,759 | |||||||||||||||
| Non-interest Income | 10% | 18,000 | 17,952 | |||||||||||||||||
| Non-interest Expense | 25% | 85,500 | 86,436 | |||||||||||||||||
| Net Income | 40% | 33,000 | 22,692 | |||||||||||||||||
10-K/A
2023 FY
BHRB
Burke & Herbert Bank & Trust Company
12 Apr 24
Annual report (amended)
8:28am
Plan (the “2023 SIP”). However, all stock awards granted in 2023 to the NEOs were granted under the 2019 SIP prior to the adoption of the 2023 SIP.
| Stock Awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Grant Date | Number of shares or units of stock that have not vested | Market value of shares or units of stock that have not vested (1) | Equity incentive plan awards: Number of unearned shares, units, or other rights that have not vested | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| David P. Boyle | 1/19/2023 | 3,361 | (2) | $ | 211,407 | 2,250 | (3) | $ | 141,525 | 1/21/2022 | 5,000 | (2) | 314,500 | 0 | — | 12/31/2021 | 8,000 | (4) | 503,200 | 8,000 | (4) | 503,200 | 2/25/2021 | 3,480 | (2) | 218,892 | 0 | — | 6/03/2019 | 1,520 | (5) | 95,608 | 0 | — | Roy E. Halyama | 1/19/2023 | 829 | (2) | 52,144 | 1,250 | (3) | 78,625 | 1/21/2022 | 960 | (2) | 60,384 | 0 | — | 12/31/2021 | 3,000 | (4) | 188,700 | 3,000 | (4) | 188,700 | 4/05/2021 | 2,040 | (2) | 128,316 | 0 | — | Jeffrey A. Welch | 1/19/2023 | 773 | (2) | 48,622 | 0 | — | 1/21/2022 | 960 | (2) | 60,384 | 0 | — | 2/10/2021 | 1,480 | (2) | 93,092 | 0 | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-K/A
2023 FY
BHRB
Burke & Herbert Bank & Trust Company
12 Apr 24
Annual report (amended)
8:28am
| Name & Principal Position | Year | Salary | Bonus | Stock Awards (1) | Nonqualified Deferred Compensation Earnings (2) | Non-Equity Incentive Plan Compensation | All Other Compensation (3) | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| David P. Boyle, President & Chief Executive Officer | 2023 | $ | 825,000 | $ | — | $ | 388,296 | $ | 4,142 | $ | — | $ | 356,241 | $ | 1,573,679 | 2022 | 825,000 | 85,750 | 273,875 | 4,587 | 245,498 | 188,348 | 1,623,058 | Roy E. Halyama, Executive Vice President — Chief Financial Officer | 2023 | 350,000 | — | 139,930 | — | — | 149,050 | 638,980 | 2022 | 344,230 | 48,750 | 52,584 | — | 90,930 | 10,675 | 547,169 | Jeffrey A. Welch, Executive Vice President — Chief Credit Officer | 2023 | 331,477 | — | 56,429 | 2,514 | — | 144,090 | 534,510 | 2022 | 324,920 | — | 52,584 | 3,110 | 84,806 | 75,635 | 541,055 | |||||||||||||||||||||
10-K/A
9u0924rmu4nfdqu8
12 Apr 24
Annual report (amended)
8:28am
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