President & director H. Charles Maddy III to retire June 30, 2026; CFO Roy Halyama named successor

Burke & Herbert Financial Services Corp.

Maddy to retire as President and not seek re-election to board effective June 30, 2026; remains bank director and foundation chair.
Roy E. Halyama, current EVP & CFO, anticipated to become President after 2026 annual meeting.
2026 incentive plan: annual targets based on EPS (35%), ROE (30%), NPA (15%), customer service/goals (20%).
Named executives: Boyle (80%/120% STI/LTI), Halyama (70%/90%), Maddy (100%/0% LTI); RSU/PRSU shares detailed.
Retirement not due to disagreement; extended notice to assist with LINKBANCORP merger integration.

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