Robert Hintelmann Jr.
About Robert Hintelmann Jr.
Robert V. “Cedar” Hintelmann Jr. is Executive Vice President and Chief Credit Officer of Burke & Herbert Financial Services Corp. (BHRB), appointed effective March 17, 2025; he is 56 years old and brings more than 25 years of credit experience in the financial services industry, with responsibility for overseeing credit policy and managing credit risk for the Company’s loan portfolio . Prior to joining BHRB, he served as Executive Vice President and Deputy Credit Officer at a super‑regional bank based in the Mid‑Atlantic region . As a newly appointed executive officer, performance metrics such as TSR, revenue growth, and EBITDA growth tied specifically to his tenure are not disclosed.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Super‑regional bank based in the Mid‑Atlantic | Executive Vice President and Deputy Credit Officer | 25+ years industry experience (not tenure‑specific) | Credit policy and credit risk management leadership |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in BHRB’s proxy or 8‑K materials | — | — | — |
Fixed Compensation
- No base salary, target bonus, or cash compensation details for Mr. Hintelmann are disclosed in available filings (no Item 5.02 compensatory disclosure at appointment) .
Performance Compensation
- No RSU/PSU or option grants, performance metrics, or payout details specific to Mr. Hintelmann are disclosed in available filings .
- Company‑level structure (context): BHRB’s 2024‑2025 Merger Incentive Plan (MIP) for select executives and NEOs uses merger cost savings and GAAP EPS (diluted) as performance metrics with threshold/target/max payout curves; participation by Mr. Hintelmann is not disclosed .
| Metric | Weighting | Target Definition | Payout Curve | Vesting/Timing |
|---|---|---|---|---|
| Merger Cost Savings (MCS) | 25% of Total Target Incentive (per participant) | $20 million target (threshold $10m; max ≥$30m) | 0%–150% of target based on performance | Q1’25 (threshold) and Q1’26 (full period) subject to employment through payout |
| GAAP Diluted EPS | 15%–28.125% each for 2024 and 2025 EPS | 100% at target; threshold 80% | 0%–150% based on % of EPS target achieved | Paid Q1’25 and Q1’26; employment required through payout |
Note: The table reflects company‑level plan design for NEOs; Mr. Hintelmann’s participation is not disclosed .
Equity Ownership & Alignment
| Item | Status | Detail |
|---|---|---|
| Beneficial ownership at appointment (Form 3) | 0 shares | “No securities are beneficially owned.” filed 03/17/2025 |
| Ownership as % of shares outstanding | ~0.00% | Shares outstanding: 14,982,807 as of 03/14/2025 ; Form 3 shows 0 shares |
| Vested vs. unvested shares | Not disclosed | No grants disclosed for Mr. Hintelmann |
| Options/SARs | Not disclosed | No derivative holdings disclosed on Form 3 |
| Shares pledged as collateral | None disclosed for Mr. Hintelmann | No pledging disclosed for him; note some directors have pledged shares |
| Stock ownership guidelines | Policy in place | Board adopted share ownership guidelines (Apr 25, 2024) applicable to all directors and certain executive officers; specific threshold for Chief Credit Officer not enumerated in summary |
| Hedging/derivative restrictions | Prohibited | Insider Trading Policy includes anti‑hedging prohibition for directors, officers, employees |
| Clawback policy | Adopted | Dodd‑Frank 10D‑compliant clawback policy, effective Oct 2, 2023, covering incentive‑based compensation tied to financial reporting measures |
| Equity plan availability | Yes | 2023 Stock Incentive Plan on file; S‑8 registrations for employee plans provide equity grant mechanics |
Employment Terms
| Term | Status | Detail |
|---|---|---|
| Appointment effective date | Confirmed | March 17, 2025 (EVP & Chief Credit Officer) |
| Employment agreement | Not disclosed | No Item 5.02 8‑K with compensatory arrangements at appointment |
| Severance/change‑in‑control (CIC) | Not disclosed for Mr. Hintelmann | CIC/severance terms disclosed for other executives (CEO, CFO, President) but none specific to Mr. Hintelmann |
| Non‑compete/solicit | Company policy context | Award agreements feature restrictive covenants and clawback for certain equity (e.g., SAR agreements) |
| Insider filings | Filed | Form 3 (initial statement) filed 03/17/2025 |
Investment Implications
- Alignment and retention: Initial Form 3 shows zero share ownership, implying alignment will depend on future grants and ownership accumulation; the anti‑hedging policy and Dodd‑Frank clawback support alignment once incentive compensation is awarded .
- Selling pressure: No insider selling pressure currently; monitor for subsequent Form 4 disclosures of grants or purchases post‑appointment .
- Governance risk indicators: No pledging or related‑party transactions disclosed for Mr. Hintelmann; company‑level disclosures note some directors have pledged shares, a general governance watch‑item at the board level .
- Performance linkage: Company’s executive incentives emphasize merger cost savings and EPS performance; while NEO participation is disclosed, Mr. Hintelmann’s participation is not, so direct pay‑for‑performance linkage to his role remains to be observed .
- Actionable monitoring: Track upcoming proxies and 8‑Ks for any employment agreement, equity grants, or CIC/severance terms; watch for insider filings to assess evolving ownership and potential trading signals .