[Form 3] Berkshire Hills Bancorp, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Initial Form 3 filed for Merrill W. Sherman reporting ownership in Beacon Financial Corp (ticker BBT). The filing shows Mr. Sherman, a director, directly owns 23,421 shares of Beacon Financial Corp. The event requiring the statement occurred on 09/01/2025 and the Form 3 was signed by Marissa S. Martin as power of attorney on 09/05/2025. The filing was submitted by a single reporting person from a Boston, MA address.

Positive

• Disclosure of direct ownership of 23,421 shares provides transparency on insider holdings
• Form filed by one reporting person, clearly identifying the reporter as a director
• Signature executed by a power of attorney (Marissa S. Martin) with a filing date recorded

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine initial disclosure showing a director's direct ownership of 23,421 shares; no derivatives or indirect holdings reported.

This Form 3 is a standard Section 16 initial ownership statement. It discloses a direct holding of 23,421 common shares by Merrill W. Sherman and identifies his relationship as a director. There are no derivative securities disclosed and the filing is by one reporting person. For investors and compliance teams, the filing establishes the baseline public record of the director's stake but contains no transaction history, vesting schedules, or economic terms beyond the share count.

Corporate Governance Expert

TL;DR: Governance disclosure completed appropriately; provides transparency on insider ownership with no material changes reported.

The Form 3 meets disclosure expectations by reporting the director's beneficial ownership and indicating direct ownership form. The signature via power of attorney is noted and dated. Because the filing neither reports acquisitions, dispositions, nor derivative positions, it does not signal immediate governance or control changes. It serves as a baseline for future Section 16 filings.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

SHERMAN MERRILL W

(Last) (First) (Middle)

131 CLARENDON STREET

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2025

3. Issuer Name and Ticker or Trading Symbol
Beacon Financial Corp [ BBT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	23,421	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Merrill W. Sherman, by Marissa S. Martin, P.O.A.	09/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 3 for Merrill W. Sherman disclose?

The filing discloses that Merrill W. Sherman directly owns 23,421 shares of Beacon Financial Corp (BBT) and identifies him as a director.

When did the event requiring the Form 3 occur for BBT?

The date of the event requiring the statement is listed as 09/01/2025.

Were any derivative securities reported on this Form 3?

No. The filing shows no derivative securities in Table II; only common stock is reported in Table I.

Who signed the Form 3 and when was it signed?

The Form 3 was signed by Marissa S. Martin as power of attorney on 09/05/2025.

What is the reporting person’s address listed on the Form 3?

The address shown is 131 Clarendon Street, Boston, MA 02116.