Burke & Herbert Enters Change in Control Agreement with CFO

Burke & Herbert Financial Services Corp. and Burke & Herbert Bank & Trust Company entered into a change in control (CIC) agreement with Kirtan Parikh, Executive Vice President and Chief Financial Officer, on July 6, 2026. This agreement outlines severance benefits for Mr. Parikh if his employment is terminated without cause or for good reason following a change in control. The benefits include 24 months of base salary, a lump-sum payment of two times his target annual incentive bonus, and up to 18 months of healthcare premiums, subject to a separation and release agreement.