Director George Parmer Disposes All LINKBANCORP Shares Following Merger with Burke & Herbert
This Form 4 filing reports that director George Parmer disposed of all his LINKBANCORP, Inc. (LNKB) holdings on May 1, 2026, following the company's merger with Burke & Herbert Financial Services Corp. The disposal was not a traditional sale but rather a conversion of shares as part of the merger agreement. Parmer disposed of 1,733,233 common shares across various ownership categories including direct holdings (198,684 shares), trust holdings (563,722 shares), spouse holdings (40,363 shares), and holdings through multiple companies. Additionally, he disposed of 5,000 stock options. The footnotes explain that each LINKBANCORP share was converted into 0.1350 shares of Burke & Herbert common stock, with cash paid for fractional shares. The stock options were similarly converted based on the exchange ratio. This filing represents the complete divestment of Parmer's LINKBANCORP position due to the merger transaction.