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Burke & Herbert Financial Services Executive Compensation (FY25)

BHRB · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): June 18, 2026
165 figures on this page: 164 cited to the filing that reported them, 1 calculated from figures it prints. See the citations
David Boyle was paid $3,014,541 in total compensation as Chair and Chief Executive Officer for fiscal 2025, and Boyle's total was 5.1% higher than the $2,868,146 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 52.7:1, against median employee compensation of $57,185. Shareholders supported the say-on-pay proposal with 97.6% of votes cast for or against in favor at the meeting held June 18, 2026 for fiscal 2025. For fiscal 2025, the company reported 5 named executive officers.
Chief executive, fiscal 2025
◇
David Boyle
Latest say-on-pay support
=
June 18, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Boyle: $2,868,146 → $3,014,541 (5.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Burke & Herbert Financial Services' chief executive and what were they paid?
David Boyle was paid $3,014,541 in total compensation as Chair and Chief Executive Officer for fiscal 2025. Boyle's total was 5.1% higher than the $2,868,146 reported for fiscal 2024.
What was Burke & Herbert Financial Services' say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.6% of votes cast for or against in favor at the meeting held June 18, 2026 for fiscal 2025.
What is Burke & Herbert Financial Services' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 52.7:1, against median employee compensation of $57,185.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Boyle
President Chief Executive Officer
◇—◇——◇◇◇
Roy Halyama
Executive Vice President Chief Financial Officer
◇—◇———◇◇
Jeffrey Welch
Executive Vice President Chief Credit Officer
◇—◇——◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Boyle
Chair & Chief Executive Officer
◇—◇—◇◇◇◇
H. Charles Maddy, III
President
◇◇◇—◇◇◇◇
Roy Halyama
Executive Vice President — Chief Financial Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Boyle
Chair and Chief Executive Officer
◇—◇—◇◇◇◇
H. Charles Maddy, III
Director and President
◇—◇—◇◇◇◇
Roy Halyama
Executive Vice President, Chief Financial Officer
◇—◇—◇◇◇◇
Bradford Ritchie
Executive Vice President, Chief Lending Officer
◇—◇—◇◇◇◇
Robert Tissue
Executive Vice President, Head of Balance Sheet Strategy
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bradford E. RitchiePSU◇◇◇—◇—◇
David P. BoylePSU◇◇◇—◇—◇
H. Charles Maddy, IIIPSU◇◇◇—◇—◇
Robert S. TissuePSU◇◇◇—◇—◇
Roy E. HalyamaPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Roy HalyamaRSU◇◇——
RSU◇◇——
RSU◇◇——
David BoyleRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Robert TissueRSU◇◇——
Bradford RitchieRSU◇◇——
H. MaddyRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Robert Tissue
Executive Vice President, Head of Balance Sheet Strategy · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Shawn P. McLaughlin
◇◇————◇
Oscar M. Bean
◇◇————◇
Katherine D. Bonnafé
◇◇————◇
Jose D. Riojas
◇◇————◇
Julian F. Barnwell, Jr
◇◇————◇
S. Laing Hinson
◇◇————◇
James P. Geary, II
◇◇————◇
Georgette R. George
◇◇————◇
Mark G. Anderson
◇◇————◇
Charles S. Piccirillo
◇◇————◇
Gary L. Hinkle
◇◇————◇
James M. Burke
◇◇————◇
Jill S. Upson
◇◇————◇
Jason A. Kitzmiller
◇—————◇
David P. Boyle, H. Charles Maddy, III, Kristen Snyder, Diane Poillon and David H. Wilson, Sr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 18, 2026=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Burke & Herbert Financial Services disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
165 figures on this page: 164 cited to the filing that reported them, 1 calculated from figures it prints.
164 cited to the filing
1 calculated from the filing

Documents cited

  1. 0001964333-26-000072
  2. 0001964333-26-000052
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Grants of Plan-Based Awards · and 2 more sections
  3. 0001964333-25-000127
    Summary Compensation Table
  4. 0001964333-24-000259
    Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Burke & Herbert Financial Services executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/BHRB (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy