Form 4: BBT EVP/CFO Reports Sale and Award Vesting
Rhea-AI Filing Summary
Reporting person: Brett Brbovic, the EVP and CFO listed on this Form 4.
On 08/29/2025 Mr. Brbovic reported a disposition of 2,376 shares of Common Stock at $26.13 per share, leaving 16,512 shares held directly after the transaction. Several previously held stock awards vested and converted to direct ownership: 1,099, 1,632, 2,435 and 2,926 shares from Stock Award II–V, respectively. Additional holdings include 590 shares held in a 401(k). The Form 4 states the stock awards were granted under the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan and describes the vesting schedules for multiple award tranches.
Positive
- Vesting transparency: Specific share counts from Stock Award II–V (1,099; 1,632; 2,435; 2,926) are disclosed as vested and now directly owned.
- Compensation plan clarity: Vesting schedules for multiple award tranches under the 2022 Equity Compensation Plan are summarized, aiding investor understanding of award timing.
Negative
- Disposition reported: Sale of 2,376 shares at $26.13 was executed on 08/29/2025, reducing the reporting person's holdings by that amount.
Insights
TL;DR: CFO reported a routine sale and multiple award vestings that increased direct holdings.
The reported 08/29/2025 transaction shows a sale of 2,376 shares at $26.13, with the reporting person holding 16,512 shares directly after the sale. The filing documents that several award tranches previously held as stock awards have vested and converted into direct ownership, with specific share counts disclosed for each award. The disclosure references the company's 2022 Equity Compensation Plan and provides vesting schedule details for the awards, which is standard for executive compensation reporting. No derivative holdings or option exercises are reported on this Form 4.
TL;DR: Disclosure documents executive compensation vesting and a reported sale; filing appears complete and procedural.
The Form 4 identifies the reporting person as the issuer's EVP and CFO and details both the vesting mechanics of multiple stock award tranches and a contemporaneous sale. The explanation section clearly maps award tranches to vesting dates and notes amounts that converted to direct ownership. The form is signed via power of attorney, indicating proper execution. The filing conveys governance transparency on insider transactions and award vesting schedules without additional governance issues disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,376 | $26.13 | $62K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan Stock Awards vest 50% in three equal annual installments commencing on January 30, 2024 with the remaining 50% vesting on January 30, 2026. Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest 50% in three equal annual installments commencing on April 1, 2024 with the remaining 50% vesting on April 1, 2026. Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest 50% in three equal annual installments commencing on April 1, 2025 with the remaining 50% vesting on April 1, 2027. Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2022 Equity Compensation Plan vest in three equal annual installments commencing on July 1, 2025. Since the reporting person's last report, 1,099 shares previously held through Stock Award II, 1,632 shares previously held through Stock Award III, 2,435 shares previously held through Stock Award IV and 2,926 shares previously held through Stock Award V have vested and are now owned directly. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
