David P. Boyle, CEO of Burke & Herbert Financial Services Corp., has a solid background in finance, building his career from the ground up. With an MBA from a renowned university, he’s held key positions at various banks, including a...

David P. Boyle, CEO of Burke & Herbert Financial Services Corp., has a solid background in finance, building his career from the ground up. With an MBA from a renowned university, he’s held key positions at various banks, including a stint as Chief Performance Officer at PNC Financial Services. He stepped into his current role as CEO in 2020, bringing years of expertise to lead the company efficiently. David's compensation package in 2023 was $1,573,679, comprising a base salary of $825,000 and vested stock options that reflect the company's performance. Interestingly, while David had significantly high compensation last year, his immediate cash bonuses were zero, emphasizing a focus on long-term value rather than short-term gains. His wealth is closely tied to the company’s stock performance, with around $211,407 worth of restricted stock units (RSUs) granted in 2023, which are meant to encourage his commitment to the company's success. David also has a hands-on approach to leadership with his hands in various operational roles, often assessing not just the company's financial metrics but also its overall health in a fast-changing market. His strategic decisions and focus on long-term goals position him as a key player in navigating future challenges for the bank, especially post-merger with Summit Financial Group in 2024.