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

Rhea-AI Filing Summary

Thomas J. Hollister filed an initial Form 3 reporting his beneficial ownership in Beacon Financial Corp (BBT) following a 09/01/2025 event. He is identified as a Director and filed as an individual reporting person. The filing shows ownership of 21,951 shares of common stock held directly, plus 3,276 shares held indirectly in an IRA and 966 shares held indirectly in a trust, for a total of 26,193 shares disclosed. The form contains no derivative holdings and includes a signature by Hollister via a power of attorney on 09/05/2025. The filing is a routine disclosure required under Section 16 and does not state any transactions, option grants, or additional narrative explanations.

Positive

• Initial disclosure completed for Section 16 reporting, establishing a clear baseline of insider holdings
• Director status disclosed, improving transparency about board-level ownership
• No derivative securities reported, simplifying assessment of potential dilution or option-related incentives

Negative

• No material negatives disclosed in this routine filing

Insights

Securities Compliance Analyst

TL;DR: Routine initial Section 16 filing disclosing director holdings; no derivatives or transactions reported.

The Form 3 documents a standard initial beneficial ownership disclosure for a director. The reported split between direct and indirect holdings is common when an individual holds personal shares alongside IRA and trust assets. Absence of derivative securities or recent transactions suggests this filing primarily establishes a reporting baseline rather than signaling material corporate action. From a compliance standpoint, filing within a few days of the 09/01/2025 event and including a POA signature on 09/05/2025 meets typical procedural expectations.

Corporate Governance Specialist

TL;DR: Disclosure clarifies insider stake; ownership size is modest and appears routine for a director.

The disclosed total of 26,193 common shares provides transparency about the directors economic interest in Beacon Financial Corp (BBT). The breakdown into direct, IRA, and trust holdings is useful for understanding potential indirect influences. There is no indication of significant ownership concentration or changes that would typically trigger heightened investor scrutiny. No governance concerns or related-party transactions are disclosed within this Form 3.

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^*

Hollister Thomas J

(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	21,951	D
Common Stock	3,276	I	By Thomas J. Hollister IRA
Common Stock	966	I	By Thomas J. Hollister Trust

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:

	Thomas J. Hollister, 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 by Thomas J. Hollister report for Beacon Financial Corp (BBT)?

The Form 3 reported 21,951 shares directly owned, 3,276 shares indirectly via an IRA, and 966 shares indirectly via a trust, totaling 26,193 shares.

What is Thomas J. Hollisters relationship to Beacon Financial Corp (BBT)?

The filing identifies Thomas J. Hollister as a Director of Beacon Financial Corp.

Were any derivative securities or option holdings reported on the Form 3?

No. The filing shows no derivative securities reported in Table II.

When was the event requiring this Form 3 and when was the form signed?

The event date is 09/01/2025 and the form was signed via power of attorney on 09/05/2025.

Does the Form 3 indicate any transactions or changes in ownership?

No transactions or ownership changes are detailed; the Form 3 appears to be an initial disclosure establishing current beneficial holdings.