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

Rhea-AI Filing Summary

Form 3 filing: Willard I. Hill, Jr. reported initial beneficial ownership of Beacon Financial Corp (BBT) securities. He directly owns 13,326 shares of common stock and indirectly owns 307 shares through an IRA. The event requiring the statement occurred on 09/01/2025 and the form was signed by Marissa S. Martin as POA on 09/05/2025. The filer is identified as a director and this is an individual filing.

Positive

• Disclosure compliance: Initial Section 16 filing provides timely transparency on director ownership
• Clear ownership detail: Specifies direct ownership of 13,326 shares and indirect IRA ownership of 307 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine initial Section 16 disclosure showing modest personal stake by a director, no derivatives or transactions reported.

The Form 3 documents an opening beneficial ownership position for a company director. Holding 13,326 direct shares plus 307 indirect shares via an IRA represents a small equity stake consistent with a routine director disclosure. There are no derivative instruments, option grants, or large transactions disclosed that would materially affect investor perceptions of control or dilution. The filing meets basic Section 16 transparency requirements.

Corporate Governance Expert

TL;DR: Compliance-focused filing; identifies director ownership and timely signature by a POA, with no red flags in this disclosure.

The report identifies the reporting person as a director and confirms individual filing status. The signature by a power of attorney on 09/05/2025 is documented. Absence of amendments, related-party notes, or indirect ownership beyond the IRA reduces governance concerns. This Form 3 is informational and does not indicate leadership changes, related-party transactions, or potential conflicts beyond ordinary director share ownership.

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

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1. Name and Address of Reporting Person^*

Hill Willard I JR

(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	13,326	D
Common Stock	307	I	By IRA

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:

	Willard I. Hill, Jr., by Marissa S. Martin, POA	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 did the Form 3 filed for Beacon Financial Corp (BBT) disclose?

The Form 3 disclosed that director Willard I. Hill, Jr. directly owns 13,326 common shares and indirectly owns 307 common shares through an IRA.

When was the event requiring the Form 3 reported for BBT?

The date of the event requiring the statement is listed as 09/01/2025 and the form was signed on 09/05/2025 by a POA.

Does the Form 3 for BBT report any derivative securities or options?

No. Table II for derivative securities is empty and the filing reports no derivatives, options, or convertible securities.

What is the reporting person’s relationship to Beacon Financial Corp (BBT)?

The filing identifies the reporting person as a director of Beacon Financial Corp.

Was this Form 3 filed individually or jointly for BBT?

The filing indicates it was filed by one reporting person (individual filing).