Bradford E Ritchie Transfers Shares of Summit Financial Group Inc (SMMF) — SEC Form 4, May 03, 2024
SEC Form 4 · No Market Transaction
Other Transaction
Non-market transaction reported.
Equity Position
0 sh
31,418 → 0
Equity Change
-100.0%
shares held after vs before
Filing Lag
0 business days
within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Reporting Owner
| Name | Relationship |
|---|---|
| Bradford E Ritchie CIK 0001538429 |
President
|
Bradford E Ritchie at Summit Financial Group Inc
Full insider history
Bought (12 mo)
—
Sold (12 mo)
—
More from this insider at Summit Financial Group Inc
| 2023-04-14 | Gift/Other | — | View |
| 2023-02-10 | Award | — | View |
| 2022-05-23 | Gift/Other | — | View |
| 2021-09-17 | Derivative | +$415,871 | View |
| 2021-07-23 | Exercise | — | View |
Non-Derivative Securities Transactions
Derivative Securities Transactions
| Title | Strike | Date | Type | Shares | Price | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| Stock-Settled Stock Appreciation RightsF5F1 | $12.01 | 2024-05-03 | D - Return to Issuer | 17,112 D | 2025-04-23 | 17,112 Common Stock | Direct | |
| Stock-Settled Stock Appreciation RightsF5F1 | $26.01 | 2024-05-03 | D - Return to Issuer | 5,452 D | 2027-02-09 | 5,452 Common Stock | Direct | |
| Stock-Settled Stock Appreciation RightsF5F1 | $23.94 | 2024-05-03 | D - Return to Issuer | 11,281 D | 2027-02-09 | 11,281 Common Stock | Direct | |
| Stock-Settled Stock Appreciation RightsF5F1 | $21.85 | 2024-05-03 | D - Return to Issuer | 19,033 D | 2031-07-15 | 19,033 Common Stock | Direct | |
| Stock-Settled Stock Appreciation RightsF5F1 | $26.37 | 2024-05-03 | D - Return to Issuer | 18,513 D | 2033-02-09 | 18,513 Common Stock | Direct |
Footnotes (5)
- F1
- SAR vests in 5 equal annual installments with beginning date indicated. Show more
- F2
- The information reported herein is based on a plan statement dated 12/31/2023 received in April 2024 Show more
- F3
- Between January 1, 2023 and December 31, 2023, acquired 665.7346 shares of Summit Common Stock under the Summit Financial Group, Inc. Employee Stock Ownership Plan. Show more
- F4
- Disposed of in accordance with the Agreement and Plan of Reorganization, dated as of August 24, 2023 the ("Merger Agreement"), by and between Summit Financial Group, Inc. ("Summit") and Burke & Herbert Financial Services Corp. ("Burke & Herbert") pursuant to which Summit was merged with and into Burke & Herbert effective May 3, 2024 ("the Merger"). At the effective time of the Merger, each issued and outstanding share of Summit common stock was converted into the right to receive 0.5043 shares of Burke &Herbert common stock (subject to the payment of cash in lieu of fractional shares) (the "Merger Consideration"). As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Summit common stock. Show more
- F5
- Pursuant to the Merger Agreement, at the effective time of the Merger, each stock appreciation right was converted into a stock appreciation right of Burke & Herbert (each a "Burke & Herbert Replacement SAR"), with adjustments to the number of shares of Burke & Herbert common stock underlying each Burke & Herbert Replacement SAR and the base price of continuing corporation common stock for each Burke & Herbert Replacement SAR adjusted based on the exchange ratio of 0.5043. Show more
Related filings at Summit Financial Group Inc
Institutional Holders
13F holders · Jun 30, 2024
1
institutional managers reporting a position
Largest by reported value
Other insiders at Summit Financial Group Inc
GET /v1/forms/4/0001437749-24-014566
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