Burke & Herbert Financial Services Management
Management criteria checks 3/4
Burke & Herbert Financial Services' CEO is David Boyle, appointed in Jan 2020, has a tenure of 4.33 years. total yearly compensation is $1.62M, comprised of 50.8% salary and 49.2% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth $885.50K. The average tenure of the management team and the board of directors is 3.7 years and 12 years respectively.
Key information
David Boyle
Chief executive officer
US$1.6m
Total compensation
| CEO salary percentage | 50.8% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.7yrs |
| Board average tenure | 12yrs |
Recent management updates
Recent updates
Burke & Herbert Financial Services' (NASDAQ:BHRB) Dividend Will Be $0.53
Apr 30
Burke & Herbert: First Underperformance, Then Recovery (2024E Outlook)
Jan 15Burke & Herbert Financial Services (NASDAQ:BHRB) Is Paying Out A Dividend Of $0.53
Oct 31Burke & Herbert Financial Services (NASDAQ:BHRB) Ticks All The Boxes When It Comes To Earnings Growth
Jun 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$20m |
| Dec 31 2023 | n/a | n/a | US$23m |
| Sep 30 2023 | n/a | n/a | US$31m |
| Jun 30 2023 | n/a | n/a | US$38m |
| Mar 31 2023 | n/a | n/a | US$42m |
| Dec 31 2022 | US$2m | US$825k | US$44m |
Compensation vs Market: David's total compensation ($USD1.62M) is below average for companies of similar size in the US market ($USD2.41M).
Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.
CEO
David Boyle (59 yo)
4.3yrs
Tenure
US$1,623,058
Compensation
Mr. David P. Boyle, CPA, has been Chairman of the Board of Burke & Herbert Bank & Trust Company (formerly known as Burke & Herbert Financial Services Corp.). from January 1, 2023, Chief Executive Officer s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive VP & CFO | 3.1yrs | US$638.98k | 0.019% $ 73.8k | |
| Executive VP & Chief Credit Officer | no data | US$534.51k | 0.034% $ 132.0k | |
| Chair, President & CEO | 4.3yrs | US$1.62m | 0.23% $ 885.5k | |
| Executive VP & Director of Operations | no data | no data | 0.0025% $ 9.7k | |
| Senior VP & Chief Accounting Officer | 3.1yrs | no data | 0.00082% $ 3.2k | |
| Executive VP & Director of Human Resources | no data | no data | 0.0027% $ 10.5k | |
| Executive VP & Director of Branch & Business Banking | 8yrs | no data | 0.053% $ 205.8k | |
| Executive VP and Director of Trust & Wealth Management | 6.7yrs | no data | 0.020% $ 77.6k | |
| Executive Vice President of Enterprise Risk | 1.3yrs | no data | 0.0036% $ 13.8k | |
| Principal Vice President of Business Systems Planning | 6.2yrs | no data | no data | |
| Senior VP & Commercial Market Executive | 2.2yrs | no data | no data | |
| Head of Small Business | no data | no data | no data |
3.7yrs
Average Tenure
57yo
Average Age
Experienced Management: BHRB's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair, President & CEO | 4.3yrs | US$1.62m | 0.23% $ 885.5k | |
| Director | 29.3yrs | US$344.36k | 3.98% $ 15.5m | |
| Independent Director | 23.3yrs | US$159.13k | 4.8% $ 18.7m | |
| Independent Director | 17.3yrs | US$161.73k | 0.065% $ 253.5k | |
| Independent Director | 16.3yrs | US$161.33k | 0.70% $ 2.7m | |
| Independent Vice Chairman of the Board | 17.3yrs | US$159.33k | 0.60% $ 2.3m | |
| Independent Director | 12yrs | US$157.28k | 0.048% $ 188.6k | |
| Independent Director | 7.3yrs | US$160.03k | 0.15% $ 586.7k | |
| Director | 9.8yrs | US$158.03k | 3.55% $ 13.9m | |
| Independent Director | 6.3yrs | US$161.23k | 0.0027% $ 10.5k | |
| Independent Director | 6.3yrs | US$161.23k | 0.24% $ 921.9k |
12.0yrs
Average Tenure
67yo
Average Age
Experienced Board: BHRB's board of directors are seasoned and experienced ( 12 years average tenure).