Burke & Herbert Financial Services Corp.
US ˙ NasdaqCM ˙ US12135Y1082

Introduction

This page provides a comprehensive analysis of the known insider trading history of Barnwell Julian Forrest Jr.. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Barnwell Julian Forrest Jr. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:BHRB / Burke & Herbert Financial Services Corp. Director 21,580
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Barnwell Julian Forrest Jr.. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases BHRB / Burke & Herbert Financial Services Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BHRB / Burke & Herbert Financial Services Corp.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2025-03-13 BHRB Barnwell Julian Forrest Jr. 1,140 58.3847 1,140 58.3847 66,559 123 65.2400 7,816 11.74
2025-03-10 BHRB Barnwell Julian Forrest Jr. 1,000 58.7983 1,000 58.7983 58,798
2025-03-07 BHRB Barnwell Julian Forrest Jr. 1,000 59.7500 1,000 59.7500 59,750
2025-03-05 BHRB Barnwell Julian Forrest Jr. 2,000 60.5000 2,000 60.5000 121,000
2025-03-04 BHRB Barnwell Julian Forrest Jr. 2,000 62.0000 2,000 62.0000 124,000
2025-03-04 BHRB Barnwell Julian Forrest Jr. 2,000 61.7500 2,000 61.7500 123,500
2025-02-26 BHRB Barnwell Julian Forrest Jr. 2,000 61.7500 2,000 61.7500 123,500
2025-02-24 BHRB Barnwell Julian Forrest Jr. 2,000 62.2500 2,000 62.2500 124,500
2025-02-24 BHRB Barnwell Julian Forrest Jr. 4,000 62.4000 4,000 62.4000 249,600
2025-02-21 BHRB Barnwell Julian Forrest Jr. 2,000 62.5000 2,000 62.5000 125,000
2025-02-13 BHRB Barnwell Julian Forrest Jr. 5,000 63.7472 5,000 63.7472 318,736
2024-12-13 BHRB Barnwell Julian Forrest Jr. 3,000 68.7500 3,000 68.7500 206,250
2024-06-04 BHRB Barnwell Julian Forrest Jr. 1,000 48.4880 1,000 48.4880 48,488
2024-06-03 BHRB Barnwell Julian Forrest Jr. 2 49.8600 2 49.8600 100
2024-06-03 BHRB Barnwell Julian Forrest Jr. 2,000 49.7128 2,000 49.7128 99,426
2024-06-03 BHRB Barnwell Julian Forrest Jr. 1 49.8000 1 49.8000 50
2024-06-03 BHRB Barnwell Julian Forrest Jr. 100 49.7400 100 49.7400 4,974
2024-06-03 BHRB Barnwell Julian Forrest Jr. 897 49.7350 897 49.7350 44,612
2024-06-03 BHRB Barnwell Julian Forrest Jr. 100 49.5200 100 49.5200 4,952
2024-06-03 BHRB Barnwell Julian Forrest Jr. 100 49.5400 100 49.5400 4,954
2024-06-03 BHRB Barnwell Julian Forrest Jr. 100 49.5800 100 49.5800 4,958
2024-06-03 BHRB Barnwell Julian Forrest Jr. 100 49.6000 100 49.6000 4,960
2024-06-03 BHRB Barnwell Julian Forrest Jr. 100 49.6200 100 49.6200 4,962
2024-06-03 BHRB Barnwell Julian Forrest Jr. 100 49.6250 100 49.6250 4,962
2024-06-03 BHRB Barnwell Julian Forrest Jr. 200 49.6400 200 49.6400 9,928
2024-06-03 BHRB Barnwell Julian Forrest Jr. 182 49.6600 182 49.6600 9,038
2024-06-03 BHRB Barnwell Julian Forrest Jr. 18 49.6700 18 49.6700 894
2024-05-23 BHRB Barnwell Julian Forrest Jr. 3,000 48.0000 3,000 48.0000 144,000
2024-05-22 BHRB Barnwell Julian Forrest Jr. 2,000 49.2000 2,000 49.2000 98,400
2024-03-15 BHRB Barnwell Julian Forrest Jr. 3,000 52.0000 3,000 52.0000 156,000
2024-02-01 BHRB Barnwell Julian Forrest Jr. 3,970 57.7500 3,970 57.7500 229,268
2024-02-01 BHRB Barnwell Julian Forrest Jr. 30 57.5000 30 57.5000 1,725
2024-02-01 BHRB Barnwell Julian Forrest Jr. 1,578 58.0000 1,578 58.0000 91,524
2024-02-01 BHRB Barnwell Julian Forrest Jr. 85 58.1500 85 58.1500 4,943
2023-12-13 BHRB Barnwell Julian Forrest Jr. 2,000 54.2200 2,000 54.2200 108,440
2023-12-12 BHRB Barnwell Julian Forrest Jr. 3,000 54.7500 3,000 54.7500 164,250
2023-09-12 BHRB Barnwell Julian Forrest Jr. 5,000 49.6824 5,000 49.6824 248,412
2023-08-29 BHRB Barnwell Julian Forrest Jr. 1,500 49.5300 1,500 49.5300 74,295
2023-08-29 BHRB Barnwell Julian Forrest Jr. 1,500 49.5300 1,500 49.5300 74,295

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BHRB / Burke & Herbert Financial Services Corp. Insider Trades
Insider Sales BHRB / Burke & Herbert Financial Services Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BHRB / Burke & Herbert Financial Services Corp.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BHRB / Burke & Herbert Financial Services Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Barnwell Julian Forrest Jr. as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-05-27 2025-05-23 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		A - Award 1,000 21,580 4.86
2025-03-13 2025-03-13 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 1,140 91,361 1.26 58.38 66,559 5,334,085
2025-03-11 2025-03-10 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 1,000 84,083 1.20 58.80 58,798 4,943,937
2025-03-10 2025-03-07 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 1,000 83,083 1.22 59.75 59,750 4,964,209
2025-03-06 2025-03-05 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 203,939 0.99 60.50 121,000 12,338,310
2025-03-05 2025-03-04 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 201,939 1.00 61.75 123,500 12,469,733
2025-03-05 2025-03-04 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 199,939 1.01 62.00 124,000 12,396,218
2025-02-27 2025-02-26 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 197,939 1.02 61.75 123,500 12,222,733
2025-02-24 2025-02-24 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 4,000 195,939 2.08 62.40 249,600 12,226,594
2025-02-24 2025-02-24 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 191,939 1.05 62.25 124,500 11,948,203
2025-02-21 2025-02-21 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 189,939 1.06 62.50 125,000 11,871,188
2025-02-14 2025-02-13 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 5,000 187,939 2.73 63.75 318,736 11,980,585
2024-12-13 2024-12-13 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 3,000 182,939 1.67 68.75 206,250 12,577,056
2024-08-19 2024-08-15 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		A - Award 1,000 20,580 5.11
2024-06-18 2024-06-17 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		M - Exercise 3,000 19,580 18.09
2024-06-18 2024-06-17 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		M - Exercise 3,000 19,580 18.09
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 18 1,000 1.83 49.67 894 49,670
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 182 982 22.75 49.66 9,038 48,766
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 200 800 33.33 49.64 9,928 39,712
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 100 600 20.00 49.62 4,962 29,775
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 100 500 25.00 49.62 4,962 24,810
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 100 400 33.33 49.60 4,960 19,840
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 100 300 50.00 49.58 4,958 14,874
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 100 200 100.00 49.54 4,954 9,908
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 100 100 49.52 4,952 4,952
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 897 179,939 0.50 49.74 44,612 8,949,266
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 100 179,042 0.06 49.74 4,974 8,905,549
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 1 178,942 0.00 49.80 50 8,911,312
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 178,941 1.13 49.71 99,426 8,895,658
2024-06-13 2024-06-03 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2 176,941 0.00 49.86 100 8,822,278
2024-06-05 2024-06-04 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 1,000 90,221 1.12 48.49 48,488 4,374,636
2024-05-23 2024-05-23 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 3,000 89,221 3.48 48.00 144,000 4,282,608
2024-05-22 2024-05-22 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 176,939 1.14 49.20 98,400 8,705,399
2024-03-15 2024-03-15 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 3,000 174,939 1.74 52.00 156,000 9,096,828
2024-02-01 2024-02-01 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 85 82,083 0.10 58.15 4,943 4,773,126
2024-02-01 2024-02-01 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 1,578 81,998 1.96 58.00 91,524 4,755,884
2024-02-01 2024-02-01 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 30 171,939 0.02 57.50 1,725 9,886,492
2024-02-01 2024-02-01 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 3,970 171,909 2.36 57.75 229,268 9,927,745
2023-12-14 2023-12-13 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		G - Gift -240 80,420 -0.30
2023-12-14 2023-12-13 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		G - Gift -600 167,939 -0.36
2023-12-14 2023-12-13 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 2,000 168,539 1.20 54.22 108,440 9,138,185
2023-12-12 2023-12-12 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 3,000 166,539 1.83 54.75 164,250 9,118,010
2023-09-13 2023-09-12 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 5,000 163,539 3.15 49.68 248,412 8,125,010
2023-08-30 2023-08-29 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 1,500 80,660 1.89 49.53 74,295 3,995,090
2023-08-30 2023-08-29 4 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		P - Purchase 1,500 80,660 1.89 49.53 74,295 3,995,090
2023-04-21 3 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		12,080
2023-04-21 3 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		79,160
2023-04-21 3 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		86,221
2023-04-21 3 BHRB Burke & Herbert Financial Services Corp.
Common Stock 		158,539
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)